Brazil: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in Brazil

The Brazilian market for wiring sets used in vehicles, aircraft or ships contracted to $X in 2022, with a decrease of -5.4% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Wiring sets used in vehicles, aircraft or ships in Brazil

In value terms, production of wiring sets used in vehicles, aircraft or ships reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% 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 29% against the previous year. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Brazil

In 2022, shipments abroad of wiring sets used in vehicles, aircraft or ships increased by 28% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2021 when exports increased by 80%. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships surged to $X in 2022. In general, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by 78%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Brazil, accounting for a 81% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Argentina exceeded the volume sent to the second major destination, Uruguay (X tons), sevenfold. The third position in this ranking was taken by Austria (X tons), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to Argentina totaled -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+41.8% per year) and Austria (+87.5% per year).

In value terms, Argentina ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Brazil, comprising 78% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 6.6% share of total exports. It was followed by Austria, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina amounted to -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+31.4% per year) and Austria (+62.8% per year).

Export Prices by Country

In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, picking up by 4.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+5.3%), while the prices for the other major destinations experienced a decline.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Brazil

In 2022, approx. X tons of wiring sets used in vehicles, aircraft or ships were imported into Brazil; growing by 6.4% on the year before. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships amounted to $X in 2022. In general, imports saw a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 41%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Paraguay (X tons) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to Brazil, accounting for a 61% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from Paraguay exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Thailand (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from Paraguay stood at +42.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.2% per year) and Thailand (+3.7% per year).

In value terms, Paraguay ($X) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to Brazil, comprising 45% of total imports. The second position in the ranking was taken by China ($X), with a 9.2% share of total imports. It was followed by the United States, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from Paraguay amounted to +33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.0% per year) and the United States (+8.9% per year).

Import Prices by Country

In 2022, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, increasing by 4.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 9.1% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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