MERCOSUR: Bulldozer Market 2024

Bulldozer Market Size in MERCOSUR

The MERCOSUR bulldozer market dropped dramatically to $X in 2022, with a decrease of -31.6% against the previous year. Over the period under review, consumption continues to indicate a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Bulldozer Production in MERCOSUR

In value terms, bulldozer production reached $X in 2022 estimated in export price. Overall, production, however, showed a pronounced contraction. The growth pace was the most rapid in 2014 when the production volume increased by 34%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bulldozer Exports

Exports in MERCOSUR

In 2022, exports of bulldozers and angle dozers in MERCOSUR skyrocketed to X units, with an increase of 22% against the year before. Overall, exports enjoyed a pronounced increase. The pace of growth was the most pronounced in 2017 when exports increased by 81%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, bulldozer exports skyrocketed to $X in 2022. Over the period under review, exports posted a mild expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 74% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Brazil (X units) represented roughly 98% of total exports in 2022.

Brazil was also the fastest-growing in terms of the bulldozers and angle dozers exports, with a CAGR of +3.9% from 2012 to 2022. While the share of Brazil (+3.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest bulldozer supplier in MERCOSUR.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to +1.7%.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, growing by 13% against the previous year. Overall, the export price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2021 an increase of 22% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -2.1% per year.

Bulldozer Imports

Imports in MERCOSUR

In 2022, the amount of bulldozers and angle dozers imported in MERCOSUR contracted to X units, shrinking by -11.2% against 2021 figures. Overall, imports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 39%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, bulldozer imports dropped markedly to $X in 2022. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 81% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Chile (X units) and Peru (X units) were the key importers of bulldozers and angle dozers in 2022, recording approx. 25% and 19% of total imports, respectively. Colombia (X units) took the next position in the ranking, followed by Brazil (X units), Guyana (X units), Ecuador (X units), Argentina (X units), Uruguay (X units) and Paraguay (X units). All these countries together took approx. 50% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Argentina (with a CAGR of +13.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported bulldozers and angle dozers in MERCOSUR, comprising 50% of total imports. The second position in the ranking was taken by Brazil ($X), with a 14% share of total imports. It was followed by Peru, with a 12% share.

In Chile, bulldozer imports shrank by an average annual rate of -6.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-9.5% per year) and Peru (-14.9% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, reducing by -9.1% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bulldozer import price increased by +18.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 36%. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then declined in the following year.

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 Chile ($X per unit), while Guyana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+22.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform