Brazil: Timer Market 2025

Timer Market Size in Brazil

The Brazilian timer market skyrocketed to $X in 2022, rising by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Timer Exports

Exports from Brazil

In 2022, overseas shipments of timers increased by 53% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 135% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, timer exports soared to $X in 2022. In general, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 138%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), Peru (X units) and Angola (X units) were the main destinations of timer exports from Brazil, together accounting for 82% of total exports. Bolivia, Paraguay, Turkey and South Africa lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +621.1%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Mexico ($X) and Angola ($X) appeared to be the largest markets for timer exported from Brazil worldwide, together accounting for 80% of total exports. Bolivia, Turkey, South Africa and Paraguay lagged somewhat behind, together comprising a further 18%.

Turkey, with a CAGR of +504.2%, saw the highest growth rate of the value of exports, among 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

The average timer export price stood at $X per unit in 2022, growing by 7.6% against the previous year. In general, the export price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 24%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Paraguay ($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 South Africa (+2.1%), while the prices for the other major destinations experienced a decline.

Timer Imports

Imports into Brazil

Timer imports into Brazil surged to X units in 2022, jumping by 27% compared with 2021 figures. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2017 when imports increased by 101% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, timer imports skyrocketed to $X in 2022. In general, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 65% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of timer to Brazil, with a 96% share of total imports. It was followed by the United States (X units), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +17.0%.

In value terms, China ($X) constituted the largest supplier of timers to Brazil, comprising 88% of total imports. The second position in the ranking was held by the United States ($X), with a 6.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +3.1%.

Import Prices by Country

The average timer import price stood at $X per unit in 2022, dropping by -8.1% against the previous year. In general, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 an increase of 47% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-7.0%).

Source: IndexBox Platform

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