Brazil: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Brazil

In 2021, after five years of growth, there was significant decline in the Brazilian market for instruments for measuring electrical quantities, when its value decreased by -11.2% to $X. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Instruments for measuring electrical quantities consumption peaked at $X in 2020, and then declined in the following year.

Exports of Instruments for Measuring Electrical Quantities

Exports from Brazil

In 2021, approx. X units of instruments for measuring electrical quantities were exported from Brazil; picking up by 37% on the year before. Over the period under review, exports recorded resilient growth. The growth pace was the most rapid in 2016 with an increase of 104% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, instruments for measuring electrical quantities exports soared to $X in 2021. In general, exports showed a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by 160%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for instruments for measuring electrical quantities exports from Brazil, with a 28% share of total exports. Moreover, instruments for measuring electrical quantities exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by Colombia (X units), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+42.1% per year) and Colombia (+36.9% per year).

In value terms, the largest markets for instruments for measuring electrical quantities exported from Brazil were the United States ($X), Angola ($X) and France ($X), together accounting for 50% of total exports. These countries were followed by Argentina, Chile, Peru, the United Arab Emirates, Italy, Paraguay, Germany, Colombia, Bolivia and Uruguay, which together accounted for a further 30%.

The United Arab Emirates, with a CAGR of +44.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for instruments for measuring electrical quantities stood at $X per unit in 2021, rising by 8.2% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 27% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Bolivia ($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 Germany (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Brazil

In 2021, supplies from abroad of instruments for measuring electrical quantities increased by 10% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 39%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, instruments for measuring electrical quantities imports contracted rapidly to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 25%. Over the period under review, imports reached the peak figure at $X in 2020, and then dropped remarkably in the following year.

Imports by Country

In 2021, China (X units) constituted the largest instruments for measuring electrical quantities supplier to Brazil, accounting for a 34% share of total imports. Moreover, instruments for measuring electrical quantities imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The United States (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+8.3% per year) and the United States (-4.7% per year).

In value terms, China ($X) constituted the largest supplier of instruments for measuring electrical quantities to Brazil, comprising 42% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Finland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.0% per year) and Finland (+89.5% per year).

Import Prices by Country

In 2021, the average import price for instruments for measuring electrical quantities amounted to $X per unit, shrinking by -26.2% against the previous year. Overall, the import price saw a mild downturn. The most prominent rate of growth was recorded in 2019 an increase of 53% against the previous year. The import price peaked at $X per unit in 2020, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Finland ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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