MERCOSUR: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in MERCOSUR

After three years of decline, the MERCOSUR balancing mechanical parts machine market increased by 34% to $X in 2021. Over the period under review, consumption, however, recorded a mild decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Machines For Balancing Mechanical Parts in MERCOSUR

In value terms, balancing mechanical parts machine production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 53% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports in MERCOSUR

In 2021, shipments abroad of machines for balancing mechanical parts increased by 124% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a mild descent. The most prominent rate of growth was recorded in 2014 when exports increased by 145% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, balancing mechanical parts machine exports skyrocketed to $X in 2021. Over the period under review, exports showed a pronounced expansion. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina dominates exports structure, accounting for X units, which was approx. 80% of total exports in 2021. It was distantly followed by Brazil (X units), committing an 8.6% share of total exports. The following exporters - Chile (X units), Colombia (X units) and Ecuador (X units) - together made up 10% of total exports.

Exports from Argentina decreased at an average annual rate of -1.2% from 2012 to 2021. At the same time, Chile (+37.4%), Colombia (+2.6%) and Brazil (+2.1%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +37.4% from 2012-2021. By contrast, Ecuador (-12.0%) illustrated a downward trend over the same period. While the share of Chile (+3.8 p.p.), Argentina (+3.5 p.p.) and Brazil (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Ecuador (-4.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest balancing mechanical parts machine supplying countries in MERCOSUR were Brazil ($X), Argentina ($X) and Colombia ($X), with a combined 97% share of total exports. Chile and Ecuador lagged somewhat behind, together comprising a further 2.6%.

Chile, with a CAGR of +30.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, falling by -25.9% against the previous year. Over the period under review, the export price, however, recorded resilient growth. The pace of growth was the most pronounced in 2020 when the export price increased by 132% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Argentina (+5.0%), while the other leaders experienced more modest paces of growth.

Imports of Machines For Balancing Mechanical Parts

Imports in MERCOSUR

In 2021, purchases abroad of machines for balancing mechanical parts was finally on the rise to reach X units after two years of decline. Overall, imports, however, recorded a abrupt decrease. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, balancing mechanical parts machine imports soared to $X in 2021. In general, imports, however, showed a abrupt downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Colombia (X units), Brazil (X units) and Peru (X units) represented the largest importer of machines for balancing mechanical parts in MERCOSUR, mixing up 67% of total import. Paraguay (X units) ranks next in terms of the total imports with an 11% share, followed by Ecuador (11%). Chile (X units) and Suriname (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Suriname (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported machines for balancing mechanical parts in MERCOSUR, comprising 47% of total imports. The second position in the ranking was held by Chile ($X), with a 15% share of total imports. It was followed by Colombia, with an 11% share.

In Brazil, balancing mechanical parts machine imports plunged by an average annual rate of -1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (+5.3% per year) and Colombia (+0.2% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, dropping by -12.4% against the previous year. Import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, balancing mechanical parts machine import price decreased by -38.7% against 2017 indices. The growth pace was the most rapid in 2014 when the import price increased by 62%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Chile ($X per unit), while Suriname ($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 (+10.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform