Brazil: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Brazil

The Brazilian machine-tool for working metal market surged to $X in 2021, jumping by 71% against the previous year. Overall, consumption, however, showed a abrupt descent. Machine-tool for working metal consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Machine Tools For Working Metal in Brazil

In value terms, machine-tool for working metal production declined slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of 4.8%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Machine Tools For Working Metal

Exports from Brazil

In 2021, machine-tool for working metal exports from Brazil declined markedly to X units, dropping by -44% compared with 2020. In general, exports showed a pronounced decrease. The growth pace was the most rapid in 2020 with an increase of 68%. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports contracted modestly to $X in 2021. Overall, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 69%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), Paraguay (X units) and Germany (X units) were the main destinations of machine-tool for working metal exports from Brazil, together comprising 31% of total exports. Peru, Russia, Guatemala, Spain, the Netherlands, Argentina, Bolivia, Mexico, Hungary and China lagged somewhat behind, together accounting for a further 56%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +95.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working metal exported from Brazil were the United States ($X), Argentina ($X) and Mexico ($X), together accounting for 43% of total exports. These countries were followed by China, Hungary, Spain, Paraguay, Guatemala, Russia, Germany, the Netherlands, Peru and Bolivia, which together accounted for a further 40%.

Among the main countries of destination, Russia, with a CAGR of +151.9%, recorded the highest growth rate of 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

The average machine-tool for working metal export price stood at $X per unit in 2021, growing by 77% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 102% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Bolivia ($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 Mexico (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Brazil

In 2021, purchases abroad of machine tools for working metal increased by 4.6% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 134%. 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, machine-tool for working metal imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for working metal supplier to Brazil, with a 55% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-16.4% per year) and Taiwan (Chinese) (-16.6% per year).

In value terms, the United States ($X), Italy ($X) and China ($X) appeared to be the largest machine-tool for working metal suppliers to Brazil, together comprising 63% of total imports. These countries were followed by the UK, Taiwan (Chinese), Germany, South Korea and Poland, which together accounted for a further 18%.

Among the main suppliers, Poland, with a CAGR of +17.1%, recorded 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

The average machine-tool for working metal import price stood at $X per unit in 2021, growing by 29% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 an increase of 91% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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