MERCOSUR: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in MERCOSUR

The MERCOSUR cranks and crankshafts market reduced to $X in 2022, which is down by -4.3% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Cranks And Crankshafts Production in MERCOSUR

In value terms, cranks and crankshafts production fell to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 21%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Cranks And Crankshafts Exports

Exports in MERCOSUR

In 2022, the amount of cranks and crankshafts exported in MERCOSUR dropped to X tons, falling by -6.3% against 2021. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cranks and crankshafts exports stood at $X in 2022. Overall, exports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) represented roughly 99% of total exports in 2022.

Brazil was also the fastest-growing in terms of the cranks and crankshafts exports, with a CAGR of -6.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In Brazil, cranks and crankshafts exports plunged by an average annual rate of -3.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by 13% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the export price increased by 31% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a 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 +3.7% per year.

Cranks And Crankshafts Imports

Imports in MERCOSUR

In 2022, purchases abroad of cranks and crankshafts increased by 2.4% to X tons, rising for the second year in a row after two years of decline. Total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, cranks and crankshafts imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Brazil was the key importer of cranks and crankshafts in MERCOSUR, with the volume of imports finishing at X tons, which was near 70% of total imports in 2022. It was distantly followed by Argentina (X tons) and Chile (X tons), together achieving a 22% share of total imports. The following importers - Peru (X tons) and Colombia (X tons) - together made up 4.5% of total imports.

Imports into Brazil increased at an average annual rate of +1.4% from 2012 to 2022. At the same time, Argentina (+5.8%), Peru (+3.7%) and Chile (+1.5%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +5.8% from 2012-2022. By contrast, Colombia (-1.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Argentina increased by +4.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported cranks and crankshafts in MERCOSUR, comprising 71% of total imports. The second position in the ranking was held by Argentina ($X), with an 11% share of total imports. It was followed by Chile, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +4.2%. In the other countries, the average annual rates were as follows: Argentina (+6.3% per year) and Chile (+0.8% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, growing by 9.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform