MERCOSUR: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in MERCOSUR

In 2022, the MERCOSUR gearboxes and speed changers market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Gearboxes and Speed Changers in MERCOSUR

In value terms, gearboxes and speed changers production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate pronounced growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Gearboxes and Speed Changers

Exports in MERCOSUR

In 2022, the amount of gearboxes and speed changers exported in MERCOSUR reached X tons, increasing by X% against 2021. Overall, exports, however, continue to indicate a perceptible reduction. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gearboxes and speed changers exports soared to $X in 2022. In general, exports, however, showed a perceptible curtailment. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X tons) was the largest exporter of gearboxes and speed changers, mixing up X% of total exports. It was distantly followed by Argentina (X tons), comprising a X% share of total exports.

Brazil was also the fastest-growing in terms of the gearboxes and speed changers exports, with a CAGR of X% from 2012 to 2022. Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by X percentage points.

In value terms, Brazil ($X) remains the largest gearboxes and speed changers supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at X%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina stood at $X per ton.

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

Imports of Gearboxes and Speed Changers

Imports in MERCOSUR

In 2022, overseas purchases of gearboxes and speed changers increased by X% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, imports saw a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, gearboxes and speed changers imports soared to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. Argentina (X tons), Chile (X tons) and Peru (X tons) took a little share of total imports.

Brazil was also the fastest-growing in terms of the gearboxes and speed changers imports, with a CAGR of X% from 2012 to 2022. At the same time, Argentina (X%) and Chile (X%) displayed positive paces of growth. By contrast, Peru (X%) illustrated a downward trend over the same period. Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Peru and Chile saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported gearboxes and speed changers in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

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

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 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 Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform