MERCOSUR: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in MERCOSUR

The MERCOSUR fuel or lubricating pump market declined modestly to $X in 2021, waning by -4.8% against the previous year. Overall, consumption showed a perceptible downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in MERCOSUR

In value terms, fuel or lubricating pump production contracted to $X in 2021 estimated in export price. Overall, production showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports in MERCOSUR

In 2021, the amount of fuel, lubricating or cooling-medium pumps for internal combustion engines exported in MERCOSUR skyrocketed to X units, growing by 28% against the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, fuel or lubricating pump exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, reaching X units, which was near 89% of total exports in 2021. Paraguay (X units) ranks second in terms of the total exports with a 5.4% share, followed by Argentina (5.1%).

From 2012 to 2021, average annual rates of growth with regard to fuel or lubricating pump exports from Brazil stood at +3.9%. At the same time, Paraguay (+39.4%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +39.4% from 2012-2021. By contrast, Argentina (-19.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Paraguay increased by +27 and +5.1 percentage points, respectively.

In value terms, Brazil ($X) remains the largest fuel or lubricating pump supplier in MERCOSUR, comprising 92% of total exports. The second position in the ranking was held by Argentina ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil stood at -6.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-18.9% per year) and Paraguay (+27.5% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, dropping by -3.3% against the previous year. Over the period under review, the export price saw a abrupt descent. The growth pace was the most rapid in 2017 when the export price increased by 12% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Brazil ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.9%), while the other leaders experienced a decline in the export price figures.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports in MERCOSUR

In 2021, fuel or lubricating pump imports in MERCOSUR skyrocketed to X units, increasing by 35% compared with the previous year. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fuel or lubricating pump imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, recording X units, which was near 51% of total imports in 2021. Argentina (X units) held the second position in the ranking, followed by Colombia (X units), Venezuela (X units), Chile (X units), Peru (X units), Paraguay (X units) and Ecuador (X units). All these countries together held approx. 46% share of total imports.

Imports into Brazil increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Peru (+10.6%), Colombia (+6.7%), Chile (+6.0%) and Paraguay (+2.9%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +10.6% from 2012-2021. Argentina experienced a relatively flat trend pattern. By contrast, Venezuela (-2.3%) and Ecuador (-10.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Peru, Colombia and Chile increased by +3.2, +3.1, +3 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported fuel, lubricating or cooling-medium pumps for internal combustion engines in MERCOSUR, comprising 59% of total imports. The second position in the ranking was taken by Argentina ($X), with a 16% share of total imports. It was followed by Chile, with a 6.5% share.

In Brazil, fuel or lubricating pump imports expanded at an average annual rate of +1.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-0.2% per year) and Chile (+1.1% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2021, increasing by 10% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 10%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per unit), while Paraguay ($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 (+8.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform