MERCOSUR: Twig Broom Market 2024

Twig Broom Market Size in MERCOSUR

In 2021, the MERCOSUR twig broom market decreased by -4% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption saw a mild contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Twig Broom Production in MERCOSUR

In value terms, twig broom production declined to $X in 2021 estimated in export price. Overall, production showed a mild reduction. The pace of growth appeared the most rapid in 2019 with an increase of 29%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Twig Broom Exports

Exports in MERCOSUR

In 2021, approx. X units of brooms and brushes of twigs were exported in MERCOSUR; with a decrease of -25% against 2020. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 392% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, twig broom exports contracted to $X in 2021. In general, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 301%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Chile (X units) was the key exporter of brooms and brushes of twigs, committing 52% of total exports. Colombia (X units) ranks second in terms of the total exports with a 33% share, followed by Peru (7.2%). Brazil (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +44.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the largest twig broom supplier in MERCOSUR, comprising 64% of total exports. The second position in the ranking was held by Colombia ($X), with a 17% share of total exports. It was followed by Brazil, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Chile stood at +28.6%. In the other countries, the average annual rates were as follows: Colombia (+0.7% per year) and Brazil (+20.3% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, growing by 15% against the previous year. Export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, twig broom export price increased by +85.4% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 43% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the near future.

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 Brazil ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+11.3%), while the other leaders experienced a decline in the export price figures.

Twig Broom Imports

Imports in MERCOSUR

In 2021, the amount of brooms and brushes of twigs imported in MERCOSUR surged to X units, rising by 23% on the year before. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 112%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, twig broom imports soared to $X in 2021. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by 92%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Chile was the key importer of brooms and brushes of twigs in MERCOSUR, with the volume of imports finishing at X units, which was near 59% of total imports in 2021. Peru (X units) held the second position in the ranking, distantly followed by Brazil (X units). All these countries together took near 32% share of total imports. Ecuador (X units) and Paraguay (X units) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to twig broom imports into Chile stood at +18.3%. At the same time, Brazil (+22.5%), Peru (+21.0%) and Ecuador (+6.2%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +22.5% from 2012-2021. Paraguay experienced a relatively flat trend pattern. While the share of Chile (+20 p.p.), Peru (+13 p.p.) and Brazil (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Ecuador (-2 p.p.) and Paraguay (-3.5 p.p.) displayed negative dynamics.

In value terms, Chile ($X) constitutes the largest market for imported brooms and brushes of twigs in MERCOSUR, comprising 73% of total imports. The second position in the ranking was taken by Peru ($X), with an 8.5% share of total imports. It was followed by Brazil, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Chile stood at +17.1%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (+5.0% per year) and Brazil (+12.6% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, growing by 18% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a 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 Paraguay ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform