Brazil: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in Brazil

The Brazilian market for grinding, sanding and polishing machines skyrocketed to $X in 2021, picking up by 749% against the previous year. Overall, consumption, however, recorded a noticeable slump. Grinding, sanding and polishing machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Grinding, Sanding and Polishing Machines in Brazil

In value terms, grinding, sanding and polishing machine production rose notably to $X in 2021 estimated in export price. Overall, production showed a slight decrease. The pace of growth appeared the most rapid in 2019 with an increase of 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports from Brazil

In 2021, exports of grinding, sanding and polishing machines from Brazil totaled X units, approximately equating the year before. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 447% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, grinding, sanding and polishing machine exports skyrocketed to $X in 2021. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 142%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X units) was the main destination for grinding, sanding and polishing machine exports from Brazil, accounting for a 73% share of total exports. Moreover, grinding, sanding and polishing machine exports to Mexico exceeded the volume sent to the second major destination, Chile (X units), sixfold. The third position in this ranking was taken by Paraguay (X units), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico amounted to +59.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+40.0% per year) and Paraguay (+24.6% per year).

In value terms, Paraguay ($X), Chile ($X) and Mexico ($X) were the largest markets for grinding, sanding and polishing machine exported from Brazil worldwide, with a combined 77% share of total exports.

Chile, with a CAGR of +56.8%, saw the highest rates of growth with regard to the value of exports, among 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 export price for grinding, sanding and polishing machines stood at $X per unit in 2021, rising by 33% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 70% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per unit), while the average price for exports to Mexico ($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 Argentina (+18.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding, Sanding and Polishing Machines

Imports into Brazil

Grinding, sanding and polishing machine imports into Brazil soared to X units in 2021, rising by 231% on 2020 figures. In general, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding, sanding and polishing machine imports surged to $X in 2021. Overall, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.8% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 52% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Brazil, accounting for a 87% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +58.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.8% per year) and Italy (-3.3% per year).

In value terms, China ($X) constituted the largest supplier of grinding, sanding and polishing machine to Brazil, comprising 51% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +64.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.7% per year) and Germany (-5.6% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, which is down by -58.5% against the previous year. In general, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 79%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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