MERCOSUR: Silencer Market 2025

Silencer Market Size in MERCOSUR

After four years of growth, the MERCOSUR silencer market decreased by -2.7% to $X in 2021. Overall, consumption enjoyed a resilient increase. The level of consumption peaked at $X in 2020, and then shrank slightly in the following year.

Silencer Production in MERCOSUR

In value terms, silencer production shrank to $X in 2021 estimated in export price. Overall, production posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 41%. The level of production peaked at $X in 2020, and then dropped in the following year.

Silencer Exports

Exports in MERCOSUR

After two years of decline, overseas shipments of silencers and exhaust pipes increased by 62% to X tons in 2021. Total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silencer exports skyrocketed to $X in 2021. In general, exports showed prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 75%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Brazil prevails in exports structure, resulting at X tons, which was approx. 91% of total exports in 2021. It was distantly followed by Argentina (X tons), making up a 4.9% share of total exports. Colombia (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the silencers and exhaust pipes exports, with a CAGR of +2.3% from 2012 to 2021. At the same time, Colombia (+2.1%) displayed positive paces of growth. By contrast, Argentina (-4.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil increased by +4.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest silencer supplier in MERCOSUR, comprising 94% of total exports. The second position in the ranking was held by Argentina ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil stood at +15.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-12.9% per year) and Colombia (+3.4% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, rising by 7.1% against the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when the export price increased by 45%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+12.8%), while the other leaders experienced mixed trends in the export price figures.

Silencer Imports

Imports in MERCOSUR

In 2021, supplies from abroad of silencers and exhaust pipes increased by 78% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, silencer imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Brazil represented the key importing country with an import of about X tons, which finished at 59% of total imports. It was distantly followed by Argentina (X tons), making up a 29% share of total imports. The following importers - Colombia (X tons), Chile (X tons), Peru (X tons) and Ecuador (X tons) - together made up 11% of total imports.

From 2012 to 2021, average annual rates of growth with regard to silencer imports into Brazil stood at -1.9%. At the same time, Chile (+5.5%), Peru (+5.5%) and Argentina (+2.9%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +5.5% from 2012-2021. Colombia experienced a relatively flat trend pattern. By contrast, Ecuador (-1.9%) illustrated a downward trend over the same period. While the share of Argentina (+7.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Brazil (-7.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported silencers and exhaust pipes in MERCOSUR, comprising 61% of total imports. The second position in the ranking was taken by Argentina ($X), with a 28% share of total imports. It was followed by Chile, with a 4.4% share.

In Brazil, silencer imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (+2.6% per year) and Chile (+5.7% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2020 an increase of 9.2% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform