MERCOSUR: Threshing Machinery Market 2024

Threshing Machinery Market Size in MERCOSUR

The MERCOSUR threshing machinery market expanded slightly to $X in 2022, with an increase of 2.2% against the previous year. Over the period under review, consumption, however, saw a perceptible descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Threshing Machinery Production in MERCOSUR

In value terms, threshing machinery production stood at $X in 2022 estimated in export price. In general, production, however, saw a pronounced contraction. The growth pace was the most rapid in 2014 with an increase of 8.8%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Threshing Machinery Exports

Exports in MERCOSUR

In 2022, overseas shipments of threshing machinery except combine harvester-threshers increased by 8.5% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 188%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, threshing machinery exports surged to $X in 2022. Overall, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 216% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, accounting for X units, which was near 91% of total exports in 2022. It was distantly followed by Argentina (X units), comprising an 8.5% share of total exports.

Exports from Brazil decreased at an average annual rate of -4.1% from 2012 to 2022. At the same time, Argentina (+14.1%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +14.1% from 2012-2022. From 2012 to 2022, the share of Argentina increased by +6.9 percentage points.

In value terms, Brazil ($X) remains the largest threshing machinery supplier in MERCOSUR, comprising 88% of total exports. The second position in the ranking was held by Argentina ($X), with an 11% share of total exports.

In Brazil, threshing machinery exports plunged by an average annual rate of -6.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, growing by 11% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Brazil stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.6%).

Threshing Machinery Imports

Imports in MERCOSUR

In 2022, imports of threshing machinery except combine harvester-threshers in MERCOSUR shrank remarkably to X units, declining by -23.3% compared with the previous year. Over the period under review, imports showed a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 249%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, threshing machinery imports dropped notably to $X in 2022. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 270% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Argentina dominates imports structure, resulting at X units, which was near 76% of total imports in 2022. Paraguay (X units) ranks second in terms of the total imports with a 7.2% share, followed by Colombia (5.5%). The following importers - Peru (X units), Ecuador (X units), Uruguay (X units) and Chile (X units) - together made up 9.7% of total imports.

Imports into Argentina decreased at an average annual rate of -12.1% from 2012 to 2022. At the same time, Uruguay (+27.1%), Colombia (+17.2%), Ecuador (+16.1%), Paraguay (+12.2%) and Peru (+7.4%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +27.1% from 2012-2022. By contrast, Chile (-7.0%) illustrated a downward trend over the same period. While the share of Paraguay (+6.4 p.p.), Colombia (+5.1 p.p.), Peru (+2.7 p.p.), Uruguay (+2.1 p.p.) and Ecuador (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (-17.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) constitutes the largest market for imported threshing machinery except combine harvester-threshers in MERCOSUR, comprising 85% of total imports. The second position in the ranking was held by Colombia ($X), with a 2.3% share of total imports. It was followed by Chile, with a 2% share.

From 2012 to 2022, the average annual growth rate of value in Argentina amounted to -11.9%. In the other countries, the average annual rates were as follows: Colombia (+8.6% per year) and Chile (-8.5% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, dropping by -1.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform