MERCOSUR: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in MERCOSUR

The MERCOSUR lathe for removing metal market soared to $X in 2021, jumping by 55% against the previous year. Over the period under review, consumption, however, showed a deep reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Lathes For Removing Metal in MERCOSUR

In value terms, lathe for removing metal production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports in MERCOSUR

In 2021, overseas shipments of lathes for removing metal increased by 11% to X units, rising for the third year in a row after four years of decline. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a noticeable decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, finishing at X units, which was near 87% of total exports in 2021. Ecuador (X units), Colombia (X units) and Chile (X units) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to lathe for removing metal exports from Brazil stood at +1.4%. At the same time, Ecuador (+27.7%), Chile (+24.1%) and Colombia (+14.6%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +27.7% from 2012-2021. While the share of Brazil (+15 p.p.), Ecuador (+3.6 p.p.), Colombia (+2.7 p.p.) and Chile (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest lathe for removing metal supplier in MERCOSUR, comprising 97% of total exports. The second position in the ranking was taken by Colombia ($X), with a 0.4% share of total exports. It was followed by Chile, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled -3.1%. In the other countries, the average annual rates were as follows: Colombia (+7.2% per year) and Chile (-21.1% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, with an increase of 9.8% against the previous year. In general, the export price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when the export price increased by 35%. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Ecuador ($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 (+15.9%), while the other leaders experienced a decline in the export price figures.

Imports of Lathes For Removing Metal

Imports in MERCOSUR

In 2021, the amount of lathes for removing metal imported in MERCOSUR soared to X units, picking up by 62% against the previous year's figure. In general, imports, however, recorded a deep slump. Over the period under review, lafor removing metal imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, lathe for removing metal imports soared to $X in 2021. Over the period under review, imports, however, recorded a abrupt decline. Over the period under review, lafor removing metal imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Brazil was the major importer of lathes for removing metal in MERCOSUR, with the volume of imports reaching X units, which was near 41% of total imports in 2021. Chile (X units) ranks second in terms of the total imports with an 18% share, followed by Peru (17%), Argentina (10%) and Colombia (5.5%). The following importers - Guyana (X units) and Ecuador (X units) - each reached a 4.4% share of total imports.

Imports into Brazil decreased at an average annual rate of -14.9% from 2012 to 2021. At the same time, Guyana (+20.9%) and Chile (+7.4%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +20.9% from 2012-2021. By contrast, Peru (-1.1%), Ecuador (-1.9%), Colombia (-3.0%) and Argentina (-3.1%) illustrated a downward trend over the same period. While the share of Chile (+14 p.p.), Peru (+9.5 p.p.), Argentina (+4.5 p.p.), Colombia (+2.5 p.p.) and Guyana (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Brazil (-31.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported lathes for removing metal in MERCOSUR, comprising 56% of total imports. The second position in the ranking was taken by Argentina ($X), with a 17% share of total imports. It was followed by Chile, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Brazil stood at -7.0%. In the other countries, the average annual rates were as follows: Argentina (-4.4% per year) and Chile (-2.2% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2021, declining by -2% against the previous year. Import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lathe for removing metal import price decreased by -26.4% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 42%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform