MERCOSUR: Inductor Market 2024

Inductor Market Size in MERCOSUR

The MERCOSUR inductor market rose sharply to $X in 2022, with an increase of 11% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Inductor Production in MERCOSUR

In value terms, inductor production rose significantly to $X in 2022 estimated in export price. Overall, production showed a strong expansion. The growth pace was the most rapid in 2015 with an increase of 105% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Inductor Exports

Exports in MERCOSUR

After three years of growth, overseas shipments of inductors decreased by -37.4% to X units in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 139% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, inductor exports shrank notably to $X in 2022. Overall, exports continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 125%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil dominates exports structure, finishing at X units, which was near 95% of total exports in 2022. Paraguay (X units) took a little share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of inductors. At the same time, Paraguay (+117.5%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +117.5% from 2012-2022. While the share of Paraguay (+3.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-3.1 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest inductor supplier in MERCOSUR, comprising 96% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 1.2% share of total exports.

In Brazil, inductor exports decreased by an average annual rate of -1.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per thousand units, jumping by 24% against the previous year. Over the period under review, the export price, however, saw a perceptible setback. The level of export peaked at $X per thousand units in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per thousand units), while Paraguay stood at $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+15.1%).

Inductor Imports

Imports in MERCOSUR

In 2022, the amount of inductors imported in MERCOSUR rose sharply to X units, picking up by 12% against 2021. In general, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 when imports increased by 47%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, inductor imports expanded notably to $X in 2022. Over the period under review, imports, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2017 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

Brazil was the key importer of inductors in MERCOSUR, with the volume of imports reaching X units, which was approx. 59% of total imports in 2022. Colombia (X units) took the second position in the ranking, followed by Uruguay (X units) and Argentina (X units). All these countries together took near 30% share of total imports. Chile (X units), Ecuador (X units) and Peru (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to inductor imports into Brazil stood at -2.8%. At the same time, Uruguay (+38.9%), Ecuador (+11.0%), Chile (+5.0%) and Colombia (+4.0%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +38.9% from 2012-2022. By contrast, Peru (-6.3%) and Argentina (-14.5%) illustrated a downward trend over the same period. Uruguay (+7.7 p.p.), Colombia (+6.9 p.p.), Chile (+2.3 p.p.), Ecuador (+2.1 p.p.) and Brazil (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Argentina saw its share reduced by -20% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported inductors in MERCOSUR, comprising 75% of total imports. The second position in the ranking was taken by Colombia ($X), with an 8.2% share of total imports. It was followed by Uruguay, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at -1.4%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+6.8% per year) and Uruguay (+35.3% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2013 an increase of 30%. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 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 Brazil ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform