Brazil: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Brazil

The Brazilian self-propelled excavating machinery market rose sharply to $X in 2021, growing by 14% against the previous year. Overall, consumption, however, showed a perceptible slump. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Excavating Machinery Production in Brazil

In value terms, self-propelled excavating machinery production totaled $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 40%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Self-Propelled Excavating Machinery Exports

Exports from Brazil

After four years of decline, overseas shipments of self-propelled earth moving, excavating machinery increased by 550% to X units in 2021. Overall, exports showed a perceptible increase. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled excavating machinery exports skyrocketed to $X in 2021. In general, exports recorded a perceptible expansion. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X units) was the main destination for self-propelled excavating machinery exports from Brazil, accounting for a 69% share of total exports. Moreover, self-propelled excavating machinery exports to Argentina exceeded the volume sent to the second major destination, Colombia (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina amounted to +27.7%.

In value terms, Argentina ($X) remains the key foreign market for self-propelled earth moving, excavating machinery exports from Brazil, comprising 69% of total exports. The second position in the ranking was held by Colombia ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina stood at +21.9%.

Export Prices by Country

The average self-propelled excavating machinery export price stood at $X per unit in 2021, rising by 5.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 88%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Argentina stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+8.0%), while the prices for the other major destinations experienced a decline.

Self-Propelled Excavating Machinery Imports

Imports into Brazil

Self-propelled excavating machinery imports into Brazil surged to X units in 2021, jumping by 59% against 2020. Overall, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 663%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled excavating machinery imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 146%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), the United States (X units) and India (X units) were the main suppliers of self-propelled excavating machinery imports to Brazil, together comprising 65% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +24.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of self-propelled earth moving, excavating machinery to Brazil, comprising 41% of total imports. The second position in the ranking was taken by India ($X), with a 14% share of total imports. It was followed by Finland, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+146.6% per year) and Finland (+127.3% per year).

Import Prices by Country

The average self-propelled excavating machinery import price stood at $X per unit in 2021, surging by 2.1% against the previous year. Overall, the import price posted a buoyant expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 66% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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 Canada ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+99.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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