MERCOSUR: Shaft Coupling Market 2024

Shaft Coupling Exports

Exports in MERCOSUR

In 2022, approx. X tons of clutches and shaft couplings were exported in MERCOSUR; growing by 32% against the year before. Overall, exports, however, saw a mild shrinkage. The growth pace was the most rapid in 2016 with an increase of 45%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, shaft coupling exports surged to $X in 2022. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of 49%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil represented the key exporting country with an export of around X tons, which resulted at 70% of total exports. Suriname (X tons) held the second position in the ranking, distantly followed by Argentina (X tons). All these countries together took approx. 24% share of total exports. Chile (X tons) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of +3.0% from 2012 to 2022. At the same time, Suriname (+39.4%) and Chile (+2.8%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +39.4% from 2012-2022. By contrast, Argentina (-21.9%) illustrated a downward trend over the same period. While the share of Brazil (+27 p.p.) and Suriname (+18 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (-46.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest shaft coupling supplier in MERCOSUR, comprising 77% of total exports. The second position in the ranking was held by Argentina ($X), with a 9.6% share of total exports. It was followed by Chile, with a 4.6% share.

In Brazil, shaft coupling exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-11.8% per year) and Chile (+1.7% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, falling by -7.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 36%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while Suriname ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+13.0%), while the other leaders experienced a decline in the export price figures.

Shaft Coupling Imports

Imports in MERCOSUR

In 2022, approx. X tons of clutches and shaft couplings were imported in MERCOSUR; shrinking by -2.4% against the year before. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 39%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, shaft coupling imports expanded to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) represented the key importer of clutches and shaft couplings, making up 53% of total imports. Chile (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (12%), Colombia (8.1%) and Peru (4.6%). Ecuador (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of +2.1% from 2012 to 2022. At the same time, Chile (+6.4%), Ecuador (+5.3%), Argentina (+3.1%) and Peru (+1.0%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +6.4% from 2012-2022. By contrast, Colombia (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Brazil and Argentina increased by +6, +3.4 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Chile ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2022, together comprising 80% of total imports.

In terms of the main importing countries, Chile, with a CAGR of +5.4%, saw the highest growth rate of 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 ton in 2022, surging by 4.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 5.1% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+0.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform