Brazil: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in Brazil

The Brazilian stone polishing machine market surged to $X in 2021, with an increase of 211% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Stone Polishing Machine Exports

Exports from Brazil

In 2021, the amount of grinding or polishing machines for working stone, ceramics and concrete exported from Brazil surged to X units, rising by 21% on the previous year's figure. In general, exports enjoyed measured growth. The most prominent rate of growth was recorded in 2013 when exports increased by 96% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, stone polishing machine exports reduced modestly to $X in 2021. Over the period under review, exports recorded strong growth. The growth pace was the most rapid in 2013 with an increase of 105%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Bolivia (X units), Paraguay (X units) and the United States (X units) were the main destinations of stone polishing machine exports from Brazil, together comprising 55% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +29.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Argentina ($X) and Paraguay ($X) constituted the largest markets for stone polishing machine exported from Brazil worldwide, together accounting for 55% of total exports.

The United States, with a CAGR of +39.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2021, waning by -18% against the previous year. Over the period under review, the export price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 68%. As a result, the export price reached the peak level of $X per unit, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Brazil

In 2021, the amount of grinding or polishing machines for working stone, ceramics and concrete imported into Brazil skyrocketed to X units, surging by 215% compared with 2020 figures. Overall, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, stone polishing machine imports skyrocketed to $X in 2021. In general, imports showed resilient growth. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main stone polishing machine supplier to Brazil, with a 99% share of total imports. It was followed by Germany (X units), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +18.4%.

In value terms, China ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to Brazil, comprising 44% of total imports. The second position in the ranking was held by Germany ($X), with a 4.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +13.1%.

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2021, with a decrease of -12.3% against the previous year. In general, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 119%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+58.5%).

Source: IndexBox Market Intelligence Platform

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