MERCOSUR: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in MERCOSUR

The MERCOSUR market for mechanical appliances for projecting, dispersing or spraying fell to $X in 2022, with a decrease of -14.9% against the previous year. In general, consumption, however, showed a measured increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in MERCOSUR

In value terms, production of mechanical appliances for projecting, dispersing or spraying contracted to $X in 2022 estimated in export price. In general, production, however, recorded buoyant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 68%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in MERCOSUR

In 2022, overseas shipments of mechanical appliances for projecting, dispersing or spraying increased by 36% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports of reached the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying skyrocketed to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X units) and Argentina (X units) represented roughly 80% of total exports in 2022. It was distantly followed by Chile (X units), creating a 13% share of total exports. Colombia (X units) and Uruguay (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Chile (with a CAGR of +21.3%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest mechanical appliances for projecting, dispersing or spraying supplier in MERCOSUR, comprising 60% of total exports. The second position in the ranking was taken by Argentina ($X), with a 22% share of total exports. It was followed by Chile, with a 15% share.

In Brazil, exports of mechanical appliances for projecting, dispersing or spraying increased at an average annual rate of +10.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-10.2% per year) and Chile (+22.2% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, dropping by -14.9% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mechanical appliances for projecting, dispersing or spraying increased by +51.8% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 68% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted in the following year.

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 Brazil ($X per unit), while Colombia ($X per unit) was amongst the lowest.

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

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in MERCOSUR

In 2022, purchases abroad of mechanical appliances for projecting, dispersing or spraying decreased by -20.9% to X units for the first time since 2017, thus ending a four-year rising trend. Total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 25%. As a result, imports attained the peak of X units, and then shrank markedly in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying contracted to $X in 2022. In general, imports saw a pronounced decrease. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil was the key importer of mechanical appliances for projecting, dispersing or spraying in MERCOSUR, with the volume of imports recording X units, which was near 43% of total imports in 2022. It was distantly followed by Argentina (X units), Colombia (X units), Ecuador (X units), Peru (X units) and Chile (X units), together creating a 53% share of total imports. Uruguay (X units) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of -1.8% from 2012 to 2022. At the same time, Ecuador (+11.8%), Peru (+6.8%), Colombia (+6.3%), Argentina (+4.5%) and Uruguay (+3.6%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +11.8% from 2012-2022. Chile experienced a relatively flat trend pattern. From 2012 to 2022, the share of Colombia, Argentina, Ecuador and Peru increased by +6.3, +5.2, +4.1 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported mechanical appliances for projecting, dispersing or spraying in MERCOSUR, comprising 54% of total imports. The second position in the ranking was taken by Argentina ($X), with a 14% share of total imports. It was followed by Colombia, with a 10% share.

In Brazil, imports of mechanical appliances for projecting, dispersing or spraying plunged by an average annual rate of -4.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+0.6% per year) and Colombia (-1.0% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, picking up by 13% against the previous year. Overall, the import price, however, saw a noticeable decrease. The growth pace was the most rapid in 2015 an increase of 21% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform