MERCOSUR: Harvesting Machinery Market 2025

Harvesting Machinery Market Size in MERCOSUR

In 2021, the MERCOSUR harvesting machinery market decreased by -7.9% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption showed a mild curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Harvesting Machinery Production in MERCOSUR

In value terms, harvesting machinery production reduced modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2013 when the production volume increased by 10% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Harvesting Machinery Exports

Exports in MERCOSUR

In 2021, harvesting machinery exports in MERCOSUR surged to X units, increasing by 91% compared with 2020 figures. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 183%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, harvesting machinery exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 160%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, accounting for X units, which was approx. 86% of total exports in 2021. Argentina (X units) held the second position in the ranking, followed by Chile (X units) and Peru (X units). All these countries together took approx. 14% share of total exports.

Brazil was also the fastest-growing in terms of the root or tuber harvesting machines exports, with a CAGR of +37.9% from 2012 to 2021. Argentina, Chile and Peru experienced a relatively flat trend pattern. While the share of Brazil (+61 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Argentina (-20.2 p.p.), Chile (-20.2 p.p.) and Peru (-20.2 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest harvesting machinery supplier in MERCOSUR, comprising 88% of total exports. The second position in the ranking was taken by Argentina ($X), with a 6.4% share of total exports. It was followed by Peru, with a 3.8% share.

In Brazil, harvesting machinery exports expanded at an average annual rate of +20.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (+4.1% per year) and Peru (-8.9% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, which is down by -35.4% against the previous year. In general, the export price recorded a significant decline. The most prominent rate of growth was recorded in 2015 when the export price increased by 26% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Chile ($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 (+0.8%), while the other leaders experienced a decline in the export price figures.

Harvesting Machinery Imports

Imports in MERCOSUR

In 2021, purchases abroad of root or tuber harvesting machines increased by 28% to X units, rising for the second year in a row after two years of decline. Total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.7% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 42%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, harvesting machinery imports surged to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 63% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of root or tuber harvesting machines, namely Argentina, Chile and Brazil, represented more than two-thirds of total import. The following importers - Paraguay (X units) and Uruguay (X units) - together made up 7.5% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Paraguay (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest harvesting machinery importing markets in MERCOSUR were Argentina ($X), Chile ($X) and Brazil ($X), with a combined 94% share of total imports. These countries were followed by Uruguay and Paraguay, which together accounted for a further 4.2%.

Among the main importing countries, Paraguay, with a CAGR of +34.9%, recorded the highest growth rate of 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

In 2021, the import price in MERCOSUR amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 15% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per unit), while Paraguay ($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 (+2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform