MERCOSUR: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in MERCOSUR

In 2021, the MERCOSUR self-propelled excavating machinery market increased by 50% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Self-Propelled Excavating Machinery Production in MERCOSUR

In value terms, self-propelled excavating machinery production expanded modestly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 37%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Self-Propelled Excavating Machinery Exports

Exports in MERCOSUR

In 2021, shipments abroad of self-propelled earth moving, excavating machinery decreased by -1.8% to X units, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2014 when exports increased by 93%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, self-propelled excavating machinery exports soared to $X in 2021. Over the period under review, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 231% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Ecuador (X units), distantly followed by Brazil (X units), Peru (X units), Colombia (X units) and Chile (X units) were the largest exporters of self-propelled earth moving, excavating machinery, together achieving 98% of total exports. Argentina (X units) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +40.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled excavating machinery supplying countries in MERCOSUR were Brazil ($X), Peru ($X) and Chile ($X), together accounting for 84% of total exports. These countries were followed by Ecuador, Colombia and Argentina, which together accounted for a further 16%.

Among the main exporting countries, Colombia, with a CAGR of +38.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, surging by 53% against the previous year. Over the period under review, the export price saw notable growth. The growth pace was the most rapid in 2014 an increase of 72% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, 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 Chile ($X per unit), while Ecuador ($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 (+13.4%), while the other leaders experienced more modest paces of growth.

Self-Propelled Excavating Machinery Imports

Imports in MERCOSUR

In 2021, approx. X units of self-propelled earth moving, excavating machinery were imported in MERCOSUR; rising by 42% compared with 2020. Over the period under review, imports, however, faced a abrupt slump. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled excavating machinery imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 77%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Peru (X units), Colombia (X units) and Chile (X units) represented roughly 74% of total imports in 2021. Brazil (X units) took the next position in the ranking, followed by Argentina (X units). All these countries together held near 12% share of total imports. Uruguay (X units) and Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +16.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Peru ($X) and Chile ($X) were the countries with the highest levels of imports in 2021, with a combined 70% share of total imports. Colombia, Argentina, Uruguay and Ecuador lagged somewhat behind, together accounting for a further 29%.

Argentina, with a CAGR of +6.1%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in MERCOSUR stood at $X per unit in 2021, increasing by 10% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when the import price increased by 93% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, 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 Brazil ($X per unit), while Colombia ($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 (+14.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform