MERCOSUR: Parachute Market 2024

Parachute Market Size in MERCOSUR

For the ninth consecutive year, the MERCOSUR parachute market recorded decline in sales value, which decreased by -1.7% to $X in 2021. Over the period under review, consumption, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2014 when the market value decreased by -0.2%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Parachute Production in MERCOSUR

In value terms, parachute production reduced slightly to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 3.8%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Parachute Exports

Exports in MERCOSUR

In 2021, approx. X tons of parachutes and rotochutes were exported in MERCOSUR; with an increase of 326% on the previous year. Overall, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parachute exports soared to $X in 2021. Over the period under review, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Colombia (X tons) was the largest exporter of parachutes and rotochutes, achieving 82% of total exports. It was distantly followed by Brazil (X tons), creating a 16% share of total exports.

Colombia was also the fastest-growing in terms of the parachutes and rotochutes exports, with a CAGR of +59.2% from 2012 to 2021. Brazil (-7.1%) illustrated a downward trend over the same period. While the share of Colombia (+79 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-46.5 p.p.) displayed negative dynamics.

In value terms, Colombia ($X) remains the largest parachute supplier in MERCOSUR, comprising 80% of total exports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Colombia stood at +60.4%.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, with an increase of 6.1% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the export price increased by 30%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.0%).

Parachute Imports

Imports in MERCOSUR

In 2021, the amount of parachutes and rotochutes imported in MERCOSUR skyrocketed to X tons, increasing by 114% on the year before. Over the period under review, imports, however, continue to indicate a perceptible slump. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, parachute imports surged to $X in 2021. In general, imports recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Colombia was the main importing country with an import of about X tons, which amounted to 64% of total imports. It was distantly followed by Argentina (X tons), Brazil (X tons) and Chile (X tons), together making up a 31% share of total imports. Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to parachute imports into Colombia stood at +5.0%. At the same time, Argentina (+18.2%) and Ecuador (+8.4%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +18.2% from 2012-2021. By contrast, Chile (-2.3%) and Brazil (-3.8%) illustrated a downward trend over the same period. Colombia (+32 p.p.), Argentina (+13 p.p.) and Ecuador (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) constitutes the largest market for imported parachutes and rotochutes in MERCOSUR, comprising 71% of total imports. The second position in the ranking was held by Chile ($X), with a 13% share of total imports. It was followed by Brazil, with a 7.2% share.

In Colombia, parachute imports expanded at an average annual rate of +12.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+17.8% per year) and Brazil (-5.9% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, with an increase of 8% against the previous year. Import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parachute import price increased by +96.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 82% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Chile ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+20.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform