Brazil: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in Brazil

The Brazilian special vehicle body market dropped to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Special vehicle body consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Special Vehicle Body Production in Brazil

In value terms, special vehicle body production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Special vehicle body production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Special Vehicle Body Exports

Exports from Brazil

In 2022, shipments abroad of bodies for special purpose motor vehicles increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, special vehicle body exports surged to $X in 2022. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X units) was the main destination for special vehicle body exports from Brazil, with a X% share of total exports. Moreover, special vehicle body exports to Argentina exceeded the volume sent to the second major destination, Chile (X units), fourfold. The third position in this ranking was held by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Mexico (X% per year).

In value terms, Chile ($X), Argentina ($X) and Cote d'Ivoire ($X) appeared to be the largest markets for special vehicle body exported from Brazil worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average special vehicle body export price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

Special Vehicle Body Imports

Imports into Brazil

In 2022, imports of bodies for special purpose motor vehicles into Brazil dropped rapidly to X units, waning by X% on the previous year's figure. Over the period under review, imports, however, continue to indicate a slight expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, special vehicle body imports skyrocketed to $X in 2022. In general, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of special vehicle body to Brazil, accounting for a X% share of total imports. Moreover, special vehicle body imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by South Korea (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

In value terms, the largest special vehicle body suppliers to Brazil were Turkey ($X), China ($X) and South Korea ($X), together comprising X% of total imports.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average special vehicle body import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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