MERCOSUR: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in MERCOSUR

The MERCOSUR metal broaching machine market soared to $X in 2021, picking up by 80% against the previous year. Overall, consumption, however, continues to indicate a noticeable decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Metal Broaching Machine Production in MERCOSUR

In value terms, metal broaching machine production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 94%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Metal Broaching Machine Exports

Exports in MERCOSUR

Metal broaching machine exports skyrocketed to X units in 2021, jumping by 33% against 2020. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 457%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal broaching machine exports declined dramatically to $X in 2021. In general, exports, however, showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 1,140% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Brazil (X units), followed by Colombia (X units) were the main exporters of broaching machines for working metal, together creating 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +4.6%).

In value terms, Brazil ($X) remains the largest metal broaching machine supplier in MERCOSUR, comprising 75% of total exports. The second position in the ranking was held by Colombia ($X), with a 7.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled -21.5%.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, with a decrease of -50.9% against the previous year. Overall, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2019 when the export price increased by 314%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Colombia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-12.0%).

Metal Broaching Machine Imports

Imports in MERCOSUR

For the third consecutive year, MERCOSUR recorded growth in supplies from abroad of broaching machines for working metal, which increased by 62% to X units in 2021. Overall, imports, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2014 with an increase of 131%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal broaching machine imports totaled $X in 2021. Over the period under review, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2014 when imports increased by 451%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Venezuela represented the key importer of broaching machines for working metal in MERCOSUR, with the volume of imports accounting for X units, which was near 62% of total imports in 2021. It was distantly followed by Colombia (X units), creating a 28% share of total imports. Brazil (X units), Peru (X units) and Chile (X units) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal broaching machine imports into Venezuela stood at -5.3%. At the same time, Peru (+13.0%), Chile (+10.1%) and Brazil (+8.5%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +13.0% from 2012-2021. By contrast, Colombia (-4.9%) illustrated a downward trend over the same period. Brazil (+2.4 p.p.), Peru (+2.1 p.p.) and Chile (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Venezuela saw its share reduced by -5.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal broaching machine importing markets in MERCOSUR were Venezuela ($X), Brazil ($X) and Colombia ($X), with a combined 85% share of total imports. Chile and Peru lagged somewhat behind, together accounting for a further 8.3%.

Peru, with a CAGR of +9.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2021, reducing by -34% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2014 an increase of 138% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform