MERCOSUR: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in MERCOSUR

The MERCOSUR market for grinding, sanding and polishing machines soared to $X in 2021, picking up by 33% against the previous year. In general, consumption continues to indicate prominent growth. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Grinding, Sanding and Polishing Machines in MERCOSUR

In value terms, grinding, sanding and polishing machine production rose slightly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 30%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports in MERCOSUR

In 2021, grinding, sanding and polishing machine exports in MERCOSUR rose rapidly to X units, with an increase of 11% on the previous year. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 2,218% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, grinding, sanding and polishing machine exports skyrocketed to $X in 2021. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Chile prevails in exports structure, reaching X units, which was near 89% of total exports in 2021. It was distantly followed by Brazil (X units), mixing up a 9.4% share of total exports.

Chile was also the fastest-growing in terms of the grinding, sanding and polishing machines exports, with a CAGR of +72.8% from 2012 to 2021. At the same time, Brazil (+12.8%) displayed positive paces of growth. From 2012 to 2021, the share of Chile increased by +73 percentage points.

In value terms, the largest grinding, sanding and polishing machine supplying countries in MERCOSUR were Brazil ($X) and Chile ($X).

Among the main exporting countries, Chile, with a CAGR of +43.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, growing by 20% against the previous year. Overall, the export price, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of 90%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.7%).

Imports of Grinding, Sanding and Polishing Machines

Imports in MERCOSUR

Grinding, sanding and polishing machine imports skyrocketed to X units in 2021, rising by 31% against 2020 figures. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 193% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, grinding, sanding and polishing machine imports surged to $X in 2021. Over the period under review, imports posted measured growth. The growth pace was the most rapid in 2020 with an increase of 58%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Brazil (X units) and Chile (X units) represented the major importers of grinding, sanding and polishing machines in MERCOSUR, together resulting at near 71% of total imports. Paraguay (X units) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (5.8%), Peru (4.9%) and Argentina (4.6%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of +45.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding, sanding and polishing machine importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Argentina ($X), with a combined 69% share of total imports.

Chile, with a CAGR of +23.8%, recorded the highest rates of growth with regard to the value of imports, among 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, growing by 7.7% against the previous year. In general, the import price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2015 when the import price increased by 59% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, 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 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 Paraguay (+9.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform