MERCOSUR: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in MERCOSUR

After nine years of growth, the MERCOSUR road tractor for semi-trailer market decreased by -0.2% to $X in 2021. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +76.4% against 2012 indices. The level of consumption peaked at $X in 2020, and then declined slightly in the following year.

Production of Road Tractors For Semi-Trailers in MERCOSUR

In value terms, road tractor for semi-trailer production declined slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 10%. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Road Tractors For Semi-Trailers

Exports in MERCOSUR

In 2021, road tractor for semi-trailer exports in MERCOSUR soared to X units, jumping by 44% compared with the year before. Overall, exports saw mild growth. The most prominent rate of growth was recorded in 2017 when exports increased by 48% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, road tractor for semi-trailer exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil dominates exports structure, accounting for X units, which was near 97% of total exports in 2021. Chile (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to road tractor for semi-trailer exports from Brazil stood at +2.4%. At the same time, Chile (+14.4%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +14.4% from 2012-2021. From 2012 to 2021, the share of Brazil and Chile increased by +3.9 and +1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest road tractor for semi-trailer supplier in MERCOSUR, comprising 99% of total exports. The second position in the ranking was held by Chile ($X), with a 0.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled +1.1%.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, growing by 6.3% against the previous year. Overall, the export price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by 7.5% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Chile amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-1.2%).

Imports of Road Tractors For Semi-Trailers

Imports in MERCOSUR

In 2021, purchases abroad of road tractors for semi-trailers was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt shrinkage. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, road tractor for semi-trailer imports soared to $X in 2021. In general, imports, however, continue to indicate a perceptible shrinkage. 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

Chile represented the main importer of road tractors for semi-trailers in MERCOSUR, with the volume of imports recording X units, which was approx. 39% of total imports in 2021. Argentina (X units) ranks second in terms of the total imports with a 20% share, followed by Peru (14%), Colombia (11%) and Paraguay (6.1%). Ecuador (X units) and Uruguay (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +7.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Chile ($X) constitutes the largest market for imported road tractors for semi-trailers in MERCOSUR, comprising 42% of total imports. The second position in the ranking was taken by Argentina ($X), with a 20% share of total imports. It was followed by Peru, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Chile totaled +4.9%. In the other countries, the average annual rates were as follows: Argentina (-4.2% per year) and Peru (-3.8% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2021, surging by 15% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 15% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform