Latin America and the Caribbean: Disc Harrow Market 2024

Disc Harrow Market Size in Latin America and the Caribbean

The Latin American disc harrow market reached $X in 2021, with an increase of 4% against the previous year. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.7% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Disc Harrow Production in Latin America and the Caribbean

In value terms, disc harrow production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 20% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Disc Harrow Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of disc harrows increased by 74% to X units, rising for the second consecutive year after two years of decline. Overall, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, disc harrow exports surged to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, recording X units, which was approx. 92% of total exports in 2021. It was distantly followed by Mexico (X units), creating a 5.9% share of total exports.

Brazil was also the fastest-growing in terms of the disc harrows exports, with a CAGR of +2.9% from 2012 to 2021. Mexico (-9.6%) illustrated a downward trend over the same period. While the share of Brazil (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Mexico (-9.8 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest disc harrow supplier in Latin America and the Caribbean, comprising 88% of total exports. The second position in the ranking was held by Mexico ($X), with a 9.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil amounted to +1.7%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, increasing by 20% against the previous year. Over the period under review, the export price, however, showed a slight descent. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.9%).

Disc Harrow Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of disc harrows increased by 74% to X units, rising for the second year in a row after two years of decline. Total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, disc harrow imports surged to $X in 2021. Overall, imports recorded a moderate increase. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of disc harrow imports in 2021 were Paraguay (X units), Chile (X units), Bolivia (X units), Uruguay (X units) and Argentina (X units), together amounting to 74% of total import. It was distantly followed by Peru (X units), achieving a 5.5% share of total imports. Ecuador (X units), Mexico (X units), Guatemala (X units), Guyana (X units), Belize (X units) and the Dominican Republic (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Argentina (with a CAGR of +24.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest disc harrow importing markets in Latin America and the Caribbean were Chile ($X), Bolivia ($X) and Paraguay ($X), together comprising 57% of total imports. These countries were followed by Argentina, Uruguay, Peru, Mexico, Guyana, Ecuador, Guatemala, the Dominican Republic and Belize, which together accounted for a further 37%.

Among the main importing countries, Argentina, with a CAGR of +28.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, increasing by 22% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Belize ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guyana (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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