Brazil: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in Brazil

In 2021, the Brazilian internal combustion engines market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a abrupt shrinkage. Internal combustion engines consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Internal Combustion Engines Production in Brazil

In value terms, internal combustion engines production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt decline. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Internal Combustion Engines Exports

Exports from Brazil

In 2021, approx. X units of motor vehicles compression-ignition internal combustion piston engines were exported from Brazil; picking up by 80% compared with 2020. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, internal combustion engines exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Mexico (X units) and Argentina (X units) were the main destinations of internal combustion engines exports from Brazil, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +60.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Mexico ($X) and Argentina ($X) constituted the largest markets for internal combustion engines exported from Brazil worldwide, with a combined 87% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +60.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average internal combustion engines export price amounted to $X per unit, standing approx. at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2013 an increase of 57% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

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 ($X per unit), while the average price for exports to Egypt ($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 Egypt (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports into Brazil

In 2021, supplies from abroad of motor vehicles compression-ignition internal combustion piston engines was finally on the rise to reach X units after two years of decline. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, internal combustion engines imports soared to $X in 2021. Over the period under review, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of internal combustion engines to Brazil, with a 54% share of total imports. Moreover, internal combustion engines imports from Italy exceeded the figures recorded by the second-largest supplier, Argentina (X units), twofold. The third position in this ranking was taken by France (X units), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +87.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+11.3% per year) and France (-1.3% per year).

In value terms, Argentina ($X), Italy ($X) and France ($X) appeared to be the largest internal combustion engines suppliers to Brazil, together accounting for 84% of total imports. These countries were followed by Mexico, Singapore, South Korea, India, China and Thailand, which together accounted for a further 5.8%.

Among the main suppliers, Singapore, with a CAGR of +164.3%, recorded the highest rates of growth with regard to 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 internal combustion engines import price stood at $X per unit in 2021, reducing by -1.8% against the previous year. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of 39%. The import price peaked at $X per unit in 2012; however, from 2013 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 Argentina ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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