Brazil: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Brazil

The Brazilian market for parts of harvester and threshers fell slightly to $X in 2021, waning by -3.3% against the previous year. Overall, consumption showed a perceptible contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Parts Of Harvester And Threshers in Brazil

In value terms, parts of harvester and threshers production reduced to $X in 2021 estimated in export price. Overall, production saw a noticeable reduction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 71%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Brazil

In 2021, overseas shipments of parts of harvester and threshers increased by 54% to X units, rising for the second year in a row after two years of decline. In general, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by 98% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; afterwards, it flattened through to 2021.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 104% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Argentina (X units) was the main destination for parts of harvester and threshers exports from Brazil, accounting for a 64% share of total exports. Moreover, parts of harvester and threshers exports to Argentina exceeded the volume sent to the second major destination, the United States (X units), sixfold. The third position in this ranking was held by Paraguay (X units), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina amounted to +22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.5% per year) and Paraguay (+3.4% per year).

In value terms, Argentina ($X) remains the key foreign market for parts of harvester and threshers exports from Brazil, comprising 69% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.7% share of total exports. It was followed by Paraguay, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Argentina amounted to +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.6% per year) and Paraguay (-0.2% per year).

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, falling by -10.1% against the previous year. Overall, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 3.2%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Guatemala ($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 Bolivia (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Parts Of Harvester And Threshers

Imports into Brazil

In 2021, imports of parts of harvester and threshers into Brazil soared to X units, with an increase of 74% against 2020 figures. In general, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. Overall, imports posted a noticeable increase. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of parts of harvester and threshers to Brazil, with a 47% share of total imports. Moreover, parts of harvester and threshers imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Argentina (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.6% per year) and Argentina (+4.4% per year).

In value terms, the United States ($X) constituted the largest supplier of parts of harvester and threshers to Brazil, comprising 58% of total imports. The second position in the ranking was taken by China ($X), with an 8.2% share of total imports. It was followed by Germany, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.8% per year) and Germany (+4.9% per year).

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the price for Argentina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform