MERCOSUR: Transmission Shaft Market 2024

Transmission Shaft Market Size in MERCOSUR

In 2022, the MERCOSUR transmission shaft market increased by 11% to $X, rising for the sixth year in a row after three years of decline. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.7% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Transmission Shaft Production in MERCOSUR

In value terms, transmission shaft production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 8.9%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Transmission Shaft Exports

Exports in MERCOSUR

In 2022, the amount of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exported in MERCOSUR fell modestly to X tons, which is down by -2.8% compared with the year before. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, transmission shaft exports totaled $X in 2022. Over the period under review, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, reaching X tons, which was near 93% of total exports in 2022. Argentina (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exports, with a CAGR of -6.4% from 2012 to 2022. Argentina (-8.4%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest transmission shaft supplier in MERCOSUR, comprising 88% of total exports. The second position in the ranking was held by Argentina ($X), with a 6.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled -2.8%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.8%).

Transmission Shaft Imports

Imports in MERCOSUR

In 2022, supplies from abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 6.6% to X tons, rising for the sixth year in a row after three years of decline. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +77.3% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, transmission shaft imports rose significantly to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +49.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Brazil prevails in imports structure, reaching X tons, which was near 71% of total imports in 2022. Argentina (X tons) held the second position in the ranking, followed by Chile (X tons) and Peru (X tons). All these countries together took near 21% share of total imports. Colombia (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain imports, with a CAGR of +5.3% from 2012 to 2022. At the same time, Argentina (+4.2%), Peru (+2.7%) and Chile (+1.9%) displayed positive paces of growth. By contrast, Colombia (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by +9.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in MERCOSUR, comprising 65% of total imports. The second position in the ranking was held by Chile ($X), with an 11% share of total imports. It was followed by Argentina, with an 11% share.

In Brazil, transmission shaft imports expanded at an average annual rate of +4.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (+2.0% per year) and Argentina (+5.1% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by 4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 5.5% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Brazil ($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 mixed trends in the import price figures.

Source: IndexBox Platform