MERCOSUR: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in MERCOSUR

The MERCOSUR conveyor or transmission belt market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, saw a pronounced slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Conveyor Or Transmission Belts Or Belting in MERCOSUR

In value terms, conveyor or transmission belt production totaled $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 23%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports in MERCOSUR

In 2021, the amount of conveyor or transmission belts or belting exported in MERCOSUR dropped sharply to X tons, falling by -16.7% compared with the previous year. The total export volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 35%. The volume of export peaked at X tons in 2020, and then declined markedly in the following year.

In value terms, conveyor or transmission belt exports fell modestly to $X in 2021. Overall, exports showed a perceptible setback. The pace of growth was the most pronounced in 2017 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil was the key exporter of conveyor or transmission belts or belting in MERCOSUR, with the volume of exports finishing at X tons, which was approx. 59% of total exports in 2021. It was distantly followed by Chile (X tons), making up a 33% share of total exports. Argentina (X tons) and Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Colombia (with a CAGR of +11.5%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest conveyor or transmission belt supplier in MERCOSUR, comprising 81% of total exports. The second position in the ranking was taken by Argentina ($X), with a 9.7% share of total exports. It was followed by Chile, with a 6.1% share.

In Brazil, conveyor or transmission belt exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-18.0% per year) and Chile (+0.3% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, surging by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (-0.6%), while the other leaders experienced a decline in the export price figures.

Imports of Conveyor Or Transmission Belts Or Belting

Imports in MERCOSUR

Conveyor or transmission belt imports soared to X tons in 2021, with an increase of 22% on the year before. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, conveyor or transmission belt imports skyrocketed to $X in 2021. In general, imports, however, saw a mild descent. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Brazil was the largest importing country with an import of around X tons, which recorded 42% of total imports. Chile (X tons) held the second position in the ranking, followed by Peru (X tons), Argentina (X tons) and Colombia (X tons). All these countries together held near 51% share of total imports. The following importers - Ecuador (X tons) and Paraguay (X tons) - each finished at a 4.2% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +8.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest conveyor or transmission belt importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Peru ($X), together accounting for 72% of total imports. These countries were followed by Argentina, Colombia, Ecuador and Paraguay, which together accounted for a further 25%.

Among the main importing countries, Paraguay, with a CAGR of +4.3%, recorded 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

In 2021, the import price in MERCOSUR amounted to $X per ton, rising by 5.2% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood 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 Ecuador ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform