MERCOSUR: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in MERCOSUR

In 2021, the MERCOSUR full-rotation excavator market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a perceptible contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Full-Rotation Excavator Production in MERCOSUR

In value terms, full-rotation excavator production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 144%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Full-Rotation Excavator Exports

Exports in MERCOSUR

In 2021, after three years of decline, there was significant growth in shipments abroad of self-propelled full-rotation excavators and bulldozers, when their volume increased by 146% to X units. Total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at X units in 2017; afterwards, it flattened through to 2021.

In value terms, full-rotation excavator exports soared to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, finishing at X units, which was near 96% of total exports in 2021. Chile (X units) held a minor share of total exports.

Brazil was also the fastest-growing in terms of the self-propelled full-rotation excavators and bulldozers exports, with a CAGR of +6.4% from 2012 to 2021. Chile (-20.1%) illustrated a downward trend over the same period. While the share of Brazil (+26 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Chile (-20 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest full-rotation excavator supplier in MERCOSUR, comprising 96% of total exports. The second position in the ranking was taken by Chile ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil was relatively modest.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, growing by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced curtailment. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Brazil totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+19.2%).

Full-Rotation Excavator Imports

Imports in MERCOSUR

In 2021, overseas purchases of self-propelled full-rotation excavators and bulldozers were finally on the rise to reach X units after two years of decline. Overall, imports, however, recorded a noticeable downturn. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, full-rotation excavator imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of full-rotation excavator imports in 2021 were Brazil (X units), Chile (X units), Peru (X units), Colombia (X units), Ecuador (X units) and Argentina (X units), together finishing at 90% of total import. Paraguay (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Paraguay (with a CAGR of +11.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Peru ($X) and Brazil ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 68% of total imports. These countries were followed by Argentina, Colombia, Ecuador and Paraguay, which together accounted for a further 26%.

Paraguay, with a CAGR of +8.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, shrinking by -14.5% against the previous year. Overall, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 an increase of 14%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform