Brazil: Lift And Hoist Market 2024

Lift And Hoist Market Size in Brazil

The Brazilian lift and hoist market totaled $X in 2022, growing by 2.4% against the previous year. Over the period under review, consumption, however, recorded a precipitous descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Lift And Hoist Production in Brazil

In value terms, lift and hoist production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 11%. Lift and hoist production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Lift And Hoist Exports

Exports from Brazil

In 2022, overseas shipments of lifts and hoists decreased by -6.9% to X units, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 61%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lift and hoist exports surged to $X in 2022. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 98% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units), Chile (X units) and Mexico (X units) were the main destinations of lift and hoist exports from Brazil, with a combined 58% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +34.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lift and hoist exported from Brazil were Chile ($X), Mexico ($X) and Colombia ($X), with a combined 56% share of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of +47.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lift and hoist export price amounted to $X per unit, with an increase of 25% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lift and hoist export price increased by +35.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 33%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lift And Hoist Imports

Imports into Brazil

In 2022, overseas purchases of lifts and hoists increased by 35% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by 50% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, lift and hoist imports soared to $X in 2022. Over the period under review, imports, however, showed a deep slump. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Slovakia (X units) and the United States (X units) were the main suppliers of lift and hoist imports to Brazil, together comprising 78% of total imports. Spain, Taiwan (Chinese), the UK and Italy lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +25.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of lifts and hoists to Brazil, comprising 72% of total imports. The second position in the ranking was held by Spain ($X), with a 6.8% share of total imports. It was followed by the United States, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-23.0% per year) and the United States (-0.1% per year).

Import Prices by Country

The average lift and hoist import price stood at $X per unit in 2022, surging by 56% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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