Brazil: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Brazil

The Brazilian market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels reduced to $X in 2021, shrinking by -8.2% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Brazil

In value terms, grease fittings and oil seals production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 24%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Brazil

In 2021, shipments abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -7.3% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2013 when exports increased by 364% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, grease fittings and oil seals exports skyrocketed to $X in 2021. Overall, exports recorded a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of 317%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Bolivia (X units), Paraguay (X units) and Argentina (X units) were the main destinations of grease fittings and oil seals exports from Brazil, with a combined 48% share of total exports. These countries were followed by Peru, Chile, the United States, Mexico, Colombia, Germany, Uruguay and South Korea, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +15.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grease fittings and oil seals exported from Brazil were Bolivia ($X), Argentina ($X) and Peru ($X), with a combined 50% share of total exports. These countries were followed by Paraguay, Chile, the United States, Mexico, Germany, Colombia, Uruguay, South Korea and Norway, which together accounted for a further 33%.

Among the main countries of destination, Germany, with a CAGR of +23.7%, recorded the highest rates of growth with regard to 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

In 2021, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, picking up by 37% against the previous year. Overall, the export price showed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while the average price for exports to Paraguay ($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 South Korea (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Brazil

In 2021, grease fittings and oil seals imports into Brazil surged to X units, with an increase of 25% against 2020 figures. Over the period under review, imports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2013 when imports increased by 390% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, grease fittings and oil seals imports skyrocketed to $X in 2021. In general, imports recorded modest growth. The most prominent rate of growth was recorded in 2013 when imports increased by 402%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest grease fittings and oil seals supplier to Brazil, with a 35% share of total imports. Moreover, grease fittings and oil seals imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.9% per year) and the United States (-2.2% per year).

In value terms, the largest grease fittings and oil seals suppliers to Brazil were the United States ($X), Germany ($X) and Italy ($X), with a combined 50% share of total imports. China, Argentina, South Korea, Norway, France and the Czech Republic lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, the Czech Republic, with a CAGR of +37.1%, saw 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 import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, with an increase of 3.6% against the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grease fittings and oil seals import price decreased by -4.7% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 26% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Norway ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :