Brazil: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in Brazil

In 2021, the Brazilian metal honing machine market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Honing Machine Production in Brazil

In value terms, metal honing machine production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 1.2% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped slightly in the following year.

Metal Honing Machine Exports

Exports from Brazil

In 2021, after two years of growth, there was significant decline in overseas shipments of honing or lapping machines for working metal, when their volume decreased by -85% to X units. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 1,235%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal honing machine exports dropped sharply to $X in 2021. Over the period under review, exports, however, recorded a temperate increase. The pace of growth appeared the most rapid in 2019 when exports increased by 5,193%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X units), Peru (X units) and China (X units) were the main destinations of metal honing machine exports from Brazil, with a combined 96% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +29.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for honing or lapping machines for working metal exports from Brazil, comprising 61% of total exports. The second position in the ranking was held by Peru ($X), with a 14% share of total exports. It was followed by Thailand, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+24.8% per year) and Thailand (0.0% per year).

Export Prices by Country

In 2021, the average metal honing machine export price amounted to $X per unit, dropping by -43% against the previous year. Overall, the export price, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 372%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Honing Machine Imports

Imports into Brazil

In 2021, supplies from abroad of honing or lapping machines for working metal increased by 57% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 70% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, metal honing machine imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a slight decline. The most prominent rate of growth was recorded in 2015 with an increase of 273% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of metal honing machine to Brazil, with a 69% share of total imports. Moreover, metal honing machine imports from the United States exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. The third position in this ranking was held by Japan (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+37.0% per year) and Japan (+22.0% per year).

In value terms, Japan ($X) constituted the largest supplier of honing or lapping machines for working metal to Brazil, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 26% share of total imports. It was followed by Italy, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.2% per year) and Italy (-12.4% per year).

Import Prices by Country

In 2021, the average metal honing machine import price amounted to $X per unit, falling by -25.3% against the previous year. Overall, the import price, however, continues to indicate a moderate increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 321%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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