Brazil: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Brazil

In 2021, the Brazilian market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 24% to $X, rising for the fifth year in a row after four years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Brazil

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X in 2021 estimated in export price. In general, production showed a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 7%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Brazil

In 2021, approx. X tons of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were exported from Brazil; waning by -10.7% against the year before. Overall, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 195% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) dropped remarkably to $X in 2021. In general, exports recorded a pronounced decline. The pace of growth appeared the most rapid in 2013 with an increase of 256%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Paraguay (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Brazil, accounting for a 57% share of total exports. Moreover, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Paraguay exceeded the volume sent to the second major destination, Chile (X tons), fivefold. The third position in this ranking was held by Nicaragua (X tons), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Paraguay stood at +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+70.2% per year) and Nicaragua (+5.1% per year).

In value terms, Paraguay ($X) emerged as the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Brazil, comprising 41% of total exports. The second position in the ranking was taken by Chile ($X), with a 13% share of total exports. It was followed by Guatemala, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Paraguay totaled +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+227.6% per year) and Guatemala (+78.6% per year).

Export Prices by Country

The average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, waning by -26.8% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 24%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Brazil

In 2021, the amount of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) imported into Brazil skyrocketed to X tons, jumping by 28% on 2020. Over the period under review, imports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of 51% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to $X in 2021. Overall, imports saw a tangible increase. The pace of growth appeared the most rapid in 2018 when imports increased by 45% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of internal combustion engine (excl. diesel, moto vehicle and aircraft) to Brazil, accounting for a 61% share of total imports. Moreover, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.0% per year) and Japan (-2.0% per year).

In value terms, the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) suppliers to Brazil were the United States ($X), China ($X) and Japan ($X), together accounting for 87% of total imports. Austria and Thailand lagged somewhat behind, together comprising a further 9.9%.

Among the main suppliers, Austria, with a CAGR of +160.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, growing by 10% against the previous year. In general, the import price, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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