MERCOSUR: Market for Machinery For Moulding Or Retreading Pneumatic Tyres 2024

Market Size for Machinery For Moulding Or Retreading Pneumatic Tyres in MERCOSUR

The MERCOSUR pneumatic tyre retreading machinery market surged to $X in 2022, rising by 31% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +26.8% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Machinery For Moulding Or Retreading Pneumatic Tyres in MERCOSUR

In value terms, pneumatic tyre retreading machinery production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Machinery For Moulding Or Retreading Pneumatic Tyres

Exports in MERCOSUR

In 2022, overseas shipments of machinery for moulding or retreading pneumatic tyres increased by 258% to X units, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, saw a noticeable decrease. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, pneumatic tyre retreading machinery exports surged to $X in 2022. Overall, exports, however, saw a abrupt shrinkage. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the major exporter of machinery for moulding or retreading pneumatic tyres in MERCOSUR, with the volume of exports recording X units, which was near 84% of total exports in 2022. It was distantly followed by Chile (X units), making up an 11% share of total exports. Peru (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pneumatic tyre retreading machinery exports from Brazil stood at -5.8%. At the same time, Peru (+14.9%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +14.9% from 2012-2022. By contrast, Chile (-18.5%) illustrated a downward trend over the same period. Chile (+11 p.p.) and Peru (+2 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -13.9% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest pneumatic tyre retreading machinery supplier in MERCOSUR, comprising 79% of total exports. The second position in the ranking was held by Chile ($X), with a 19% share of total exports.

In Brazil, pneumatic tyre retreading machinery exports decreased by an average annual rate of -7.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (+14.0% per year) and Peru (+52.5% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, shrinking by -32.8% against the previous year. Overall, the export price saw a mild reduction. The pace of growth was the most pronounced in 2018 an increase of 153% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 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 Chile (+39.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machinery For Moulding Or Retreading Pneumatic Tyres

Imports in MERCOSUR

In 2022, purchases abroad of machinery for moulding or retreading pneumatic tyres increased by 2,013% to X units, rising for the second year in a row after two years of decline. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic tyre retreading machinery imports soared to $X in 2022. Overall, imports, however, showed a abrupt descent. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of pneumatic tyre retreading machinery imports in 2022 were Chile (X units), together accounting for 96% of total import.

Chile was also the fastest-growing in terms of the machinery for moulding or retreading pneumatic tyres imports, with a CAGR of +45.0% from 2012 to 2022. From 2012 to 2022, the share of Chile increased by +81 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported machinery for moulding or retreading pneumatic tyres in MERCOSUR.

In Chile, pneumatic tyre retreading machinery imports expanded at an average annual rate of +11.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, dropping by -84.7% against the previous year. Overall, the import price recorded a significant contraction. The pace of growth appeared the most rapid in 2019 when the import price increased by 216%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to -22.8% per year.

Source: IndexBox Platform