MERCOSUR: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in MERCOSUR

The MERCOSUR internal combustion engine equipment market dropped modestly to $X in 2022, waning by -3.3% against the previous year. Overall, consumption showed a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Equipment For Internal Combustion Engines in MERCOSUR

In value terms, internal combustion engine equipment production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 when the production volume increased by 17%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Equipment For Internal Combustion Engines

Exports in MERCOSUR

In 2022, approx. X units of equipment for internal combustion engines were exported in MERCOSUR; which is down by -13.5% on the year before. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, internal combustion engine equipment exports reduced to $X in 2022. In general, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 67%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X units) and Argentina (X units) represented roughly 97% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Argentina (with a CAGR of -5.4%).

In value terms, Brazil ($X) remains the largest internal combustion engine equipment supplier in MERCOSUR, comprising 46% of total exports. The second position in the ranking was taken by Argentina ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled -6.0%.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, internal combustion engine equipment export price increased by +68.9% against 2017 indices. The growth pace was the most rapid in 2021 when the export price increased by 45%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Argentina totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.0%).

Imports of Equipment For Internal Combustion Engines

Imports in MERCOSUR

In 2022, supplies from abroad of equipment for internal combustion engines increased by 7.2% to X units, rising for the second year in a row after five years of decline. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 49% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, internal combustion engine equipment imports expanded significantly to $X in 2022. Overall, imports, however, recorded a slight descent. The growth pace was the most rapid in 2021 with an increase of 32%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Brazil prevails in imports structure, amounting to X units, which was near 67% of total imports in 2022. Argentina (X units) held the second position in the ranking, followed by Peru (X units), Colombia (X units) and Chile (X units). All these countries together took approx. 25% share of total imports. The following importers - Ecuador (X units) and Paraguay (X units) - each reached a 5.3% share of total imports.

Imports into Brazil increased at an average annual rate of +4.8% from 2012 to 2022. At the same time, Paraguay (+20.2%), Ecuador (+13.6%), Peru (+6.4%) and Chile (+4.1%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +20.2% from 2012-2022. By contrast, Colombia (-1.0%) and Argentina (-4.3%) illustrated a downward trend over the same period. While the share of Brazil (+12 p.p.), Peru (+2.2 p.p.), Paraguay (+2.1 p.p.) and Ecuador (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Colombia (-2.5 p.p.) and Argentina (-8.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported equipment for internal combustion engines in MERCOSUR, comprising 61% of total imports. The second position in the ranking was taken by Chile ($X), with a 9.8% share of total imports. It was followed by Colombia, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Chile (+4.5% per year) and Colombia (-0.5% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, rising by 3.6% against the previous year. In general, the import price, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2014 an increase of 16% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per unit), while Ecuador ($X per unit) 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