MERCOSUR: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in MERCOSUR

The MERCOSUR driving and non-driving axle market was estimated at $X in 2021, with an increase of 9.1% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.9% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Drive-Axles with Differential and Non-Driving Axles in MERCOSUR

In value terms, driving and non-driving axle production expanded sharply to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.9% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in MERCOSUR

After two years of decline, overseas shipments of drive-axles with differential and non-driving axles increased by 49% to X tons in 2021. Overall, exports, however, continue to indicate a abrupt decrease. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, driving and non-driving axle exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a deep slump. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Brazil (X tons) represented the main exporter of drive-axles with differential and non-driving axles, creating 84% of total exports. It was distantly followed by Argentina (X tons), mixing up a 15% share of total exports.

Brazil was also the fastest-growing in terms of the drive-axles with differential and non-driving axles exports, with a CAGR of -3.4% from 2012 to 2021. Argentina (-12.4%) illustrated a downward trend over the same period. Brazil (+17 p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by -14.1% from 2012 to 2021, respectively.

In value terms, Brazil ($X) remains the largest driving and non-driving axle supplier in MERCOSUR, comprising 70% of total exports. The second position in the ranking was taken by Argentina ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil stood at -8.3%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, with an increase of 11% against the previous year. In general, the export price, however, recorded a perceptible downturn. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Argentina ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+4.4%).

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in MERCOSUR

In 2021, overseas purchases of drive-axles with differential and non-driving axles were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, driving and non-driving axle imports soared to $X in 2021. Overall, imports, however, showed a slight downturn. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) represented the largest importer of drive-axles with differential and non-driving axles, making up 67% of total imports. It was distantly followed by Argentina (X tons), generating a 26% share of total imports. Colombia (X tons) took a little share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of drive-axles with differential and non-driving axles. Argentina experienced a relatively flat trend pattern. Colombia (-9.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil increased by +8.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported drive-axles with differential and non-driving axles in MERCOSUR, comprising 65% of total imports. The second position in the ranking was taken by Argentina ($X), with a 27% share of total imports.

In Brazil, driving and non-driving axle imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (-2.8% per year) and Colombia (-6.5% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, picking up by 2.7% against the previous year. In general, the import price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2017 when the import price increased by 9.1%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Colombia ($X per ton), while Brazil ($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 (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform