Brazil: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Brazil

The Brazilian mechanical shovel and excavator market shrank remarkably to $X in 2021, dropping by -19.3% against the previous year. In general, consumption continues to indicate a abrupt decrease. Mechanical shovel and excavator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Brazil

In value terms, mechanical shovel and excavator production reached $X in 2021 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8.6%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Brazil

In 2021, shipments abroad of mechanical shovels, excavators and shovel loaders increased by 106% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded prominent growth. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, mechanical shovel and excavator exports skyrocketed to $X in 2021. In general, exports posted a temperate expansion. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units), Argentina (X units) and Peru (X units) were the main destinations of mechanical shovel and excavator exports from Brazil, with a combined 40% share of total exports. The United States, Mexico, Colombia, Paraguay, Guatemala, Australia, Ecuador, Uruguay, Bolivia and Honduras lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +40.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Chile ($X) and Argentina ($X) appeared to be the largest markets for mechanical shovel and excavator exported from Brazil worldwide, together comprising 47% of total exports. Peru, Mexico, Colombia, Australia, Paraguay, Guatemala, Ecuador, Uruguay, Honduras and Bolivia lagged somewhat behind, together comprising a further 34%.

Australia, with a CAGR of +30.2%, recorded the highest rates of growth with regard to the value of exports, among 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 mechanical shovel and excavator export price stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Bolivia ($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 the United States (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Brazil

In 2021, approx. X units of mechanical shovels, excavators and shovel loaders were imported into Brazil; growing by 111% on the previous year's figure. Over the period under review, imports, however, showed a abrupt downturn. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator imports soared to $X in 2021. Overall, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 94%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest mechanical shovel and excavator supplier to Brazil, accounting for a 57% share of total imports. Moreover, mechanical shovel and excavator imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was held by the Czech Republic (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.9% per year) and the Czech Republic (+1.3% per year).

In value terms, China ($X) constituted the largest supplier of mechanical shovels, excavators and shovel loaders to Brazil, comprising 44% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.8% per year) and Japan (-5.2% per year).

Import Prices by Country

The average mechanical shovel and excavator import price stood at $X per unit in 2021, waning by -11.8% against the previous year. Over the period under review, the import price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 114% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the Czech Republic ($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 (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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