Brazil: Lifting Equipment Market 2024

Lifting Equipment Market Size in Brazil

The Brazilian lifting equipment market amounted to $X in 2021, increasing by 4% against the previous year. Overall, consumption recorded a prominent expansion. Lifting equipment consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Lifting Equipment Production in Brazil

In value terms, lifting equipment production expanded sharply to $X in 2021 estimated in export price. Overall, production saw buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 162% against the previous year. Lifting equipment production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Lifting Equipment Exports

Exports from Brazil

For the third consecutive year, Brazil recorded decline in shipments abroad of lifting equipment, which decreased by -27.6% to X units in 2021. Overall, exports, however, posted mild growth. The most prominent rate of growth was recorded in 2014 when exports increased by 530% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, lifting equipment exports declined notably to $X in 2021. In general, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of 328%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for lifting equipment exports from Brazil, with a 45% share of total exports. Moreover, lifting equipment exports to Chile exceeded the volume sent to the second major destination, Malaysia (X units), threefold. Argentina (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile stood at +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+82.8% per year) and Argentina (0.0% per year).

In value terms, Chile ($X) emerged as the key foreign market for lifting equipment exports from Brazil, comprising 50% of total exports. The second position in the ranking was taken by Argentina ($X), with a 14% share of total exports. It was followed by Peru, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to Chile totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-0.3% per year) and Peru (+22.3% per year).

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, declining by -8.7% against the previous year. Overall, the export price saw a pronounced downturn. The growth pace was the most rapid in 2017 when the average export price increased by 142% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Malaysia ($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 South Africa (+98.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lifting Equipment Imports

Imports into Brazil

In 2021, approx. X units of lifting equipment were imported into Brazil; declining by -34.8% against 2020 figures. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 1,137%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, lifting equipment imports dropped markedly to $X in 2021. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 203%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X units) constituted the largest supplier of lifting equipment to Brazil, accounting for a 44% share of total imports. Moreover, lifting equipment imports from Belgium exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The United States (X units) ranked third in terms of total imports with a 21% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +35.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.1% per year) and the United States (+7.0% per year).

In value terms, Italy ($X), Austria ($X) and Belgium ($X) constituted the largest lifting equipment suppliers to Brazil, together comprising 85% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +37.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average lifting equipment import price amounted to $X per unit, surging by 8.8% against the previous year. In general, the import price, however, saw a perceptible downturn. The growth pace was the most rapid in 2016 when the average import price increased by 119% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 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 ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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