MERCOSUR: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in MERCOSUR

In 2022, the MERCOSUR grinding and sharpening machine market increased by 13% to $X, rising for the fifth consecutive year after five years of decline. Over the period under review, consumption, however, saw a perceptible reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in MERCOSUR

In value terms, grinding and sharpening machine production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2014 when the production volume increased by 25% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in MERCOSUR

In 2022, shipments abroad of grinding and sharpening metal finishing machines decreased by -42.3% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2014 when exports increased by 560%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports skyrocketed to $X in 2022. Over the period under review, exports faced a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 24%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X units) was the main exporter of grinding and sharpening metal finishing machines, generating 72% of total exports. Ecuador (X units) held the second position in the ranking, followed by Peru (X units) and Chile (X units). All these countries together held near 23% share of total exports. Argentina (X units) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of +3.5% from 2012 to 2022. At the same time, Ecuador (+40.1%) and Peru (+16.5%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +40.1% from 2012-2022. By contrast, Argentina (-4.2%) and Chile (-15.5%) illustrated a downward trend over the same period. While the share of Brazil (+14 p.p.), Ecuador (+12 p.p.) and Peru (+4.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (-2.1 p.p.) and Chile (-27.2 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest grinding and sharpening machine supplier in MERCOSUR, comprising 83% of total exports. The second position in the ranking was held by Argentina ($X), with an 11% share of total exports. It was followed by Ecuador, with a 2.4% share.

In Brazil, grinding and sharpening machine exports declined by an average annual rate of -15.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-5.5% per year) and Ecuador (+12.4% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, increasing by 109% against the previous year. Over the period under review, the export price, however, faced a deep downturn. The most prominent rate of growth was recorded in 2015 when the export price increased by 127%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in MERCOSUR

For the third year in a row, MERCOSUR recorded growth in supplies from abroad of grinding and sharpening metal finishing machines, which increased by 20% to X units in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 84% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, grinding and sharpening machine imports rose notably to $X in 2022. Overall, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X units) was the largest importer of grinding and sharpening metal finishing machines, creating 51% of total imports. Peru (X units) took a 28% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (8.7%) and Chile (8.1%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Chile (with a CAGR of +16.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported grinding and sharpening metal finishing machines in MERCOSUR, comprising 58% of total imports. The second position in the ranking was held by Argentina ($X), with a 9.8% share of total imports. It was followed by Chile, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled -14.3%. In the other countries, the average annual rates were as follows: Argentina (-16.3% per year) and Chile (-5.9% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, declining by -9.5% against the previous year. In general, the import price faced a abrupt decline. The pace of growth appeared the most rapid in 2019 an increase of 57% against the previous year. The level of import peaked at $X per unit 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 ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-7.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform