MERCOSUR: Market for Wiring sets used in vehicles, aircraft or ships 2025

Market Size for Wiring sets used in vehicles, aircraft or ships in MERCOSUR

The MERCOSUR market for wiring sets used in vehicles, aircraft or ships reduced modestly to $X in 2022, declining by -4.6% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +6.8% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Wiring sets used in vehicles, aircraft or ships in MERCOSUR

In value terms, production of wiring sets used in vehicles, aircraft or ships fell to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports in MERCOSUR

In 2022, shipments abroad of wiring sets used in vehicles, aircraft or ships increased by 12% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, exports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 47% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Paraguay was the largest exporter of wiring sets used in vehicles, aircraft or ships in MERCOSUR, with the volume of exports finishing at X tons, which was near 65% of total exports in 2022. Brazil (X tons) held the second position in the ranking, distantly followed by Uruguay (X tons). All these countries together held near 32% share of total exports.

Paraguay was also the fastest-growing in terms of the wiring sets used in vehicles, aircraft or ships exports, with a CAGR of +45.7% from 2012 to 2022. Brazil (-2.5%) and Uruguay (-2.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Paraguay increased by +62 percentage points.

In value terms, Paraguay ($X), Brazil ($X) and Uruguay ($X) were the countries with the highest levels of exports in 2022, together accounting for 97% of total exports.

Among the main exporting countries, Paraguay, with a CAGR of +37.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, growing by 9.4% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2017 an increase of 10% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+2.9%), while the other leaders experienced a decline in the export price figures.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports in MERCOSUR

In 2022, supplies from abroad of wiring sets used in vehicles, aircraft or ships increased by 10% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +58.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, imports of wiring sets used in vehicles, aircraft or ships surged to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +76.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 49% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Brazil (X tons) and Argentina (X tons) prevails in ships structure, together generating 89% of total imports. Colombia (X tons), Uruguay (X tons), Peru (X tons) and Chile (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 95% share of total imports. Uruguay, Chile and Peru lagged somewhat behind, together accounting for a further 3.4%.

Among the main importing countries, Uruguay, with a CAGR of +24.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, rising by 7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Colombia ($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 (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform