MERCOSUR: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in MERCOSUR

The MERCOSUR self-propelled boring machinery market amounted to $X in 2022, growing by 9.5% against the previous year. Overall, consumption, however, continues to indicate a pronounced contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Self-Propelled Boring Machinery Production in MERCOSUR

In value terms, self-propelled boring machinery production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 13%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports in MERCOSUR

In 2022, the amount of self-propelled boring or sinking machinery exported in MERCOSUR surged to X units, growing by 48% compared with the previous year's figure. Overall, exports posted strong growth. The growth pace was the most rapid in 2014 with an increase of 52%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, self-propelled boring machinery exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Brazil (X units) was the major exporter of self-propelled boring or sinking machinery, achieving 60% of total exports. Peru (X units) ranks second in terms of the total exports with a 14% share, followed by Colombia (13%) and Chile (5.3%). Ecuador (X units) held a minor share of total exports.

Exports from Brazil increased at an average annual rate of +9.1% from 2012 to 2022. At the same time, Colombia (+14.4%), Ecuador (+11.6%) and Peru (+9.4%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +14.4% from 2012-2022. By contrast, Chile (-12.1%) illustrated a downward trend over the same period. Brazil (+18 p.p.), Colombia (+7.1 p.p.), Peru (+4.4 p.p.) and Ecuador (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by -26.5% from 2012 to 2022, respectively.

In value terms, Peru ($X) remains the largest self-propelled boring machinery supplier in MERCOSUR, comprising 46% of total exports. The second position in the ranking was taken by Brazil ($X), with a 23% share of total exports. It was followed by Chile, with a 17% share.

In Peru, self-propelled boring machinery exports increased at an average annual rate of +12.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+18.9% per year) and Chile (-10.5% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, with a decrease of -22.7% against the previous year. In general, the export price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2016 an increase of 69% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.0%), while the other leaders experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports in MERCOSUR

In 2022, approx. X units of self-propelled boring or sinking machinery were imported in MERCOSUR; picking up by 27% compared with 2021. Over the period under review, imports, however, continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2013 with an increase of 153% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled boring machinery imports rose to $X in 2022. Overall, imports, however, saw a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brazil was the main importing country with an import of about X units, which finished at 45% of total imports. Chile (X units) ranks second in terms of the total imports with a 25% share, followed by Venezuela (9.1%), Colombia (7.2%) and Peru (6.6%). The following importers - Argentina (X units) and Suriname (X units) - together made up 4.4% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Suriname (with a CAGR of +18.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled boring machinery importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Venezuela ($X), together accounting for 73% of total imports. Peru, Argentina, Colombia and Suriname lagged somewhat behind, together accounting for a further 25%.

Suriname, with a CAGR of +13.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, declining by -18.8% against the previous year. Over the period under review, the import price saw a slight setback. The pace of growth was the most pronounced in 2014 an increase of 99%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform