MERCOSUR: Ball Market 2024

Ball Market Size in MERCOSUR

In 2022, the MERCOSUR ball market increased by 48% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ball Production in MERCOSUR

In value terms, ball production fell to $X in 2022 estimated in export price. In general, production, however, showed prominent growth. The growth pace was the most rapid in 2017 when the production volume increased by 74% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Ball Exports

Exports in MERCOSUR

In 2022, overseas shipments of balls increased by 18% to X units, rising for the third consecutive year after three years of decline. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ball exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced setback. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of balls, namely Brazil, Chile and Peru, represented more than two-thirds of total export. The following exporters - Venezuela (X units), Ecuador (X units) and Argentina (X units) - each amounted to a 6.4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +11.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Peru ($X) constituted the countries with the highest levels of exports in 2022, together comprising 95% of total exports. Venezuela, Ecuador and Argentina lagged somewhat behind, together comprising a further 2.2%.

Ecuador, with a CAGR of +20.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, jumping by 18% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ball export price increased by +36.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 37% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+8.1%), while the other leaders experienced more modest paces of growth.

Ball Imports

Imports in MERCOSUR

In 2022, supplies from abroad of balls increased by 34% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a noticeable contraction. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ball imports surged to $X in 2022. In general, imports saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil was the key importer of balls in MERCOSUR, with the volume of imports amounting to X units, which was near 43% of total imports in 2022. Chile (X units) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (9.8%), Venezuela (7.6%), Colombia (6.8%) and Peru (6.6%). Ecuador (X units) and Paraguay (X units) held a little share of total imports.

Imports into Brazil decreased at an average annual rate of -6.3% from 2012 to 2022. At the same time, Argentina (+6.9%), Paraguay (+5.4%) and Chile (+4.9%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +6.9% from 2012-2022. Venezuela experienced a relatively flat trend pattern. By contrast, Colombia (-2.4%), Ecuador (-3.6%) and Peru (-5.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Argentina and Venezuela increased by +9.8, +6 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ball importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Argentina ($X), with a combined 70% share of total imports.

Among the main importing countries, Argentina, with a CAGR of +7.4%, 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

The import price in MERCOSUR stood at $X per unit in 2022, growing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2013 when the import price increased by 21% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform