Brazil: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Brazil

In 2022, the Brazilian non-numerically controlled sharpening machine market increased by 0.1% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Brazil

In value terms, non-numerically controlled sharpening machine production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 36%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Brazil

Non-numerically controlled sharpening machine exports from Brazil soared to X units in 2022, picking up by 36% compared with the previous year's figure. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 101% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-numerically controlled sharpening machine exports shrank remarkably to $X in 2022. In general, exports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by 140%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belize (X units), Malta (X units) and Guatemala (X units) were the main destinations of non-numerically controlled sharpening machine exports from Brazil, with a combined 50% share of total exports. Bahamas, the United States, Mexico, Liberia, Bolivia, Paraguay, Angola, Argentina, Peru and Greece lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Liberia (with a CAGR of +1,550.0%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), the United States ($X) and Peru ($X) were the largest markets for non-numerically controlled sharpening machine exported from Brazil worldwide, together accounting for 64% of total exports. Mexico, Guatemala, Angola, Paraguay, Bolivia, Belize, Malta, Bahamas, Liberia and Greece lagged somewhat behind, together comprising a further 20%.

Guatemala, with a CAGR of +420.8%, saw 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

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, falling by -39.5% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 an increase of 76%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Belize ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+14.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Brazil

For the third year in a row, Brazil recorded growth in purchases abroad of non-numerically controlled sharpening machines for working metal, which increased by 28% to X units in 2022. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine imports soared to $X in 2022. In general, imports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 39%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and the United States (X units) were the main suppliers of non-numerically controlled sharpening machine imports to Brazil, together comprising 75% of total imports. Taiwan (Chinese), Sweden, India, Denmark and Germany lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +48.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to Brazil, comprising 52% of total imports. The second position in the ranking was taken by Sweden ($X), with an 11% share of total imports. It was followed by Italy, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-0.4% per year) and Italy (-9.5% per year).

Import Prices by Country

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, waning by -9.3% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-numerically controlled sharpening machine import price decreased by -34.4% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 43%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, 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 Sweden ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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