MERCOSUR: Suspension System Market 2025

Suspension System Market Size in MERCOSUR

The MERCOSUR suspension system market declined slightly to $X in 2022, leveling off at the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Suspension System Production in MERCOSUR

In value terms, suspension system production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 4.1%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Suspension System Exports

Exports in MERCOSUR

In 2022, shipments abroad of suspension systems increased by 9.1% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 32%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, suspension system exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a perceptible curtailment. The growth pace was the most rapid in 2021 when exports increased by 29%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X tons) was the key exporter of suspension systems, comprising 78% of total exports. It was distantly followed by Argentina (X tons), creating a 19% share of total exports. Colombia (X tons) took a relatively small share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of suspension systems. Argentina (-3.5%) and Colombia (-6.0%) illustrated a downward trend over the same period. Brazil (+8.3 p.p.) significantly strengthened its position in terms of the total exports, while Colombia and Argentina saw its share reduced by -1.7% and -7% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest suspension system supplier in MERCOSUR, comprising 76% of total exports. The second position in the ranking was held by Argentina ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled -2.6%. In the other countries, the average annual rates were as follows: Argentina (-4.4% per year) and Colombia (-8.1% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, surging by 10% against the previous year. Overall, the export price, however, saw a noticeable slump. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-0.9%), while the other leaders experienced a decline in the export price figures.

Suspension System Imports

Imports in MERCOSUR

In 2022, supplies from abroad of suspension systems increased by 1.6% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 55%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, suspension system imports expanded markedly to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Brazil represented the largest importer of suspension systems in MERCOSUR, with the volume of imports resulting at X tons, which was approx. 53% of total imports in 2022. Argentina (X tons) ranks second in terms of the total imports with a 19% share, followed by Chile (8.4%) and Colombia (7.2%). Peru (X tons), Ecuador (X tons) and Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to suspension system imports into Brazil stood at +6.1%. At the same time, Chile (+10.8%), Paraguay (+10.2%), Colombia (+4.6%) and Peru (+3.9%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +10.8% from 2012-2022. Argentina and Ecuador experienced a relatively flat trend pattern. While the share of Brazil (+9.1 p.p.) and Chile (+3.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ecuador (-1.6 p.p.) and Argentina (-8.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported suspension systems in MERCOSUR, comprising 49% of total imports. The second position in the ranking was taken by Argentina ($X), with a 21% share of total imports. It was followed by Chile, with a 9.2% share.

In Brazil, suspension system imports increased at an average annual rate of +6.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+0.0% per year) and Chile (+6.7% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, rising by 6.8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Ecuador ($X per ton) and Argentina ($X per ton), while Brazil ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform