Brazil: Public Works Machinery Market 2024

Public Works Machinery Market Size in Brazil

After two years of decline, the Brazilian public works machinery market increased by 67% to $X in 2021. In general, consumption, however, saw a slight descent. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Public Works Machinery Production in Brazil

In value terms, public works machinery production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded resilient growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 134%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Public Works Machinery Exports

Exports from Brazil

In 2021, overseas shipments of machinery for public works and building increased by 6.4% to X units, rising for the second consecutive year after four years of decline. Overall, exports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 114%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, public works machinery exports contracted notably to $X in 2021. Over the period under review, exports enjoyed a notable expansion. The pace of growth appeared the most rapid in 2015 with an increase of 139% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X units), the Dominican Republic (X units) and Chile (X units) were the main destinations of public works machinery exports from Brazil, together accounting for 66% of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +34.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Paraguay ($X) and Uruguay ($X) constituted the largest markets for public works machinery exported from Brazil worldwide, with a combined 58% share of total exports. Chile, the Dominican Republic and the United Arab Emirates lagged somewhat behind, together comprising a further 29%.

Chile, with a CAGR of +53.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average public works machinery export price stood at $X per unit in 2021, waning by -44.7% against the previous year. Overall, the export price, however, showed resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 221%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat 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 Paraguay ($X per unit), while the average price for exports to the Dominican Republic ($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 Venezuela (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.

Public Works Machinery Imports

Imports into Brazil

Public works machinery imports into Brazil soared to X units in 2021, increasing by 149% compared with the year before. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, public works machinery imports surged to $X in 2021. In general, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 182% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X units), China (X units) and Germany (X units) were the main suppliers of public works machinery imports to Brazil, with a combined 63% share of total imports. These countries were followed by India, Paraguay, the United States, France, Italy and Spain, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +97.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest public works machinery suppliers to Brazil were the United States ($X), Portugal ($X) and China ($X), together accounting for 48% of total imports. These countries were followed by Germany, India, Italy, Spain, France and Paraguay, which together accounted for a further 38%.

India, with a CAGR of +123.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average public works machinery import price stood at $X per unit in 2021, falling by -25.2% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2015 an increase of 67% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the price for Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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