Brazil: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Brazil

The Brazilian machine-tool for removing material market soared to $X in 2021, increasing by 55% against the previous year. Over the period under review, consumption enjoyed a modest increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Production of Machine-Tools For Working Any Material By Removal Of Material in Brazil

In value terms, machine-tool for removing material production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +110.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Over the period under review, production reached the maximum level at $X in 2020, and then reduced in the following year.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Brazil

In 2021, machine-tool for removing material exports from Brazil skyrocketed to X units, jumping by 20% on 2020. In general, exports showed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 181%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for removing material exports soared to $X in 2021. Over the period under review, exports recorded a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by 196% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Paraguay (X units) was the main destination for machine-tool for removing material exports from Brazil, with a 29% share of total exports. Moreover, machine-tool for removing material exports to Paraguay exceeded the volume sent to the second major destination, Uruguay (X units), twofold. Bolivia (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay amounted to +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+39.1% per year) and Bolivia (+33.5% per year).

In value terms, Argentina ($X) remains the key foreign market for machine-tools for working any material by removal of material exports from Brazil, comprising 38% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 12% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Argentina totaled +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+23.4% per year) and the United States (+46.2% per year).

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2021, jumping by 22% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2013 when the average export price increased by 203%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Italy ($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 Paraguay (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Brazil

Machine-tool for removing material imports into Brazil surged to X units in 2021, rising by 78% against 2020. Over the period under review, imports saw a tangible increase. The growth pace was the most rapid in 2017 when imports increased by 100%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, machine-tool for removing material imports soared to $X in 2021. In general, imports, however, continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 98% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main machine-tool for removing material supplier to Brazil, with a 91% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Japan (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.1% per year) and Japan (-13.3% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Brazil, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with an 8.6% share of total imports. It was followed by Japan, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.5% per year) and Japan (-7.3% per year).

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, which is down by -2.5% against the previous year. Overall, the import price continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2020 an increase of 4.6% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for China ($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 (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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