MERCOSUR: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in MERCOSUR

In 2021, after two years of decline, there was significant growth in the MERCOSUR market for forage harvesters and other harvesting machines, when its value increased by 7.2% to $X. In general, consumption showed a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Forage Harvesters and Other Harvesting Machines in MERCOSUR

In value terms, production of forage harvesters and other harvesting machines amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable descent. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Forage Harvesters and Other Harvesting Machines

Exports in MERCOSUR

In 2021, exports of forage harvesters and other harvesting machines in MERCOSUR soared to X units, jumping by 30% on the previous year's figure. In general, exports, however, showed a mild slump. The pace of growth was the most pronounced in 2017 with an increase of 45%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of forage harvesters and other harvesting machines skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 63% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil prevails in machines structure, resulting at X units, which was approx. 92% of total exports in 2021. It was distantly followed by Argentina (X units), generating a 6.8% share of total exports.

Brazil was also the fastest-growing in terms of the forage harvesters and other harvesting machines exports, with a CAGR of +3.0% from 2012 to 2021. Argentina experienced a relatively flat trend pattern. Brazil (+29 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest forage harvesters and other harvesting machines supplier in MERCOSUR, comprising 91% of total exports. The second position in the ranking was taken by Argentina ($X), with a 7.6% share of total exports.

In Brazil, exports of forage harvesters and other harvesting machines remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, approximately mirroring the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the export price increased by 12% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Brazil stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-1.9%).

Imports of Forage Harvesters and Other Harvesting Machines

Imports in MERCOSUR

In 2021, supplies from abroad of forage harvesters and other harvesting machines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of forage harvesters and other harvesting machines expanded sharply to $X in 2021. Over the period under review, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 66% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X units) and Argentina (X units) were the main importers of forage harvesters and other harvesting machines in 2021, finishing at approx. 29% and 25% of total imports, respectively. It was distantly followed by Paraguay (X units), Chile (X units), Colombia (X units) and Peru (X units), together achieving a 39% share of total imports. Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ecuador (with a CAGR of +18.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest forage harvesters and other harvesting machines importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Paraguay ($X), with a combined 72% share of total imports. These countries were followed by Chile, Colombia, Peru and Ecuador, which together accounted for a further 25%.

Ecuador, with a CAGR of +22.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 unit in 2021, waning by -5.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 20% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform