MERCOSUR: Grinding Machine Market 2024

Grinding Machine Market Size in MERCOSUR

After three years of growth, the MERCOSUR grinding machine market decreased by -7.4% to $X in 2021. Overall, consumption showed a slight shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Grinding Machine Production in MERCOSUR

In value terms, grinding machine production declined sharply to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2014 with an increase of 169%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Grinding Machine Exports

Exports in MERCOSUR

In 2021, the amount of machines having individual functions, for mixing, kneading, crushing or grinding exported in MERCOSUR skyrocketed to X units, jumping by 167% against 2020. Overall, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 623% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, grinding machine exports soared to $X in 2021. Over the period under review, exports saw a noticeable increase. The pace of growth appeared the most rapid in 2013 with an increase of 53%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, accounting for X units, which was approx. 93% of total exports in 2021. Chile (X units) took a little share of total exports.

Brazil was also the fastest-growing in terms of the machines having individual functions, for mixing, kneading, crushing or grinding exports, with a CAGR of +14.0% from 2012 to 2021. At the same time, Chile (+5.3%) displayed positive paces of growth. From 2012 to 2021, the share of Brazil increased by +13 percentage points.

In value terms, Brazil ($X) remains the largest grinding machine supplier in MERCOSUR, comprising 83% of total exports. The second position in the ranking was held by Chile ($X), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil totaled +6.4%.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, shrinking by -47.3% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2015 when the export price increased by 271% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Chile ($X per unit), while Brazil stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-2.1%).

Grinding Machine Imports

Imports in MERCOSUR

In 2021, approx. X units of machines having individual functions, for mixing, kneading, crushing or grinding were imported in MERCOSUR; with an increase of 7.8% on the previous year. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of 42% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, grinding machine imports rose sharply to $X in 2021. Overall, imports, however, recorded a mild reduction. The pace of growth was the most pronounced in 2019 when imports increased by 39% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil represented the major importing country with an import of around X units, which finished at 56% of total imports. Chile (X units) held the second position in the ranking, distantly followed by Ecuador (X units) and Colombia (X units). All these countries together held near 33% share of total imports. The following importers - Paraguay (X units), Peru (X units) and Argentina (X units) - together made up 8.7% of total imports.

From 2012 to 2021, average annual rates of growth with regard to grinding machine imports into Brazil stood at +9.7%. At the same time, Ecuador (+10.5%), Colombia (+9.9%), Paraguay (+9.4%), Chile (+8.4%) and Peru (+4.8%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +10.5% from 2012-2021. Argentina experienced a relatively flat trend pattern. From 2012 to 2021, the share of Brazil, Ecuador, Chile and Colombia increased by +14, +2.7, +2.6 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grinding machine importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Ecuador ($X), with a combined 66% share of total imports.

Among the main importing countries, Ecuador, with a CAGR of +21.5%, recorded the highest rates of growth with regard to the value of imports, 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, with an increase of 6.3% against the previous year. Overall, the import price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 17% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per unit), while Brazil ($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 (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform