Brazil: Market for Machine Tools For Working Metal Without Removing Metal 2023

Market Size for Machine Tools For Working Metal Without Removing Metal in Brazil

The Brazilian machine tool for metal market rose remarkably to $X in 2021, surging by 6.9% against the previous year. Overall, consumption showed a tangible expansion. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Brazil

In value terms, machine tool for metal production shrank to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Brazil

In 2021, shipments abroad of machine tools for working metal without removing metal was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 1,242% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, machine tool for metal exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 897% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Portugal (X units) was the main destination for machine tool for metal exports from Brazil, with a 59% share of total exports. Moreover, machine tool for metal exports to Portugal exceeded the volume sent to the second major destination, Colombia (X units), threefold. The United States (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal amounted to +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-7.2% per year) and the United States (-20.9% per year).

In value terms, the largest markets for machine tool for metal exported from Brazil were Portugal ($X), the United States ($X) and Guatemala ($X), with a combined 82% share of total exports.

In terms of the main countries of destination, Guatemala, with a CAGR of +130.9%, 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 machine tool for metal export price stood at $X per unit in 2021, increasing by 157% against the previous year. Over the period under review, the export price saw a strong expansion. The pace of growth was the most pronounced in 2017 an increase of 3,300% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Guatemala ($X per unit), while the average price for exports to Colombia ($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 the United Arab Emirates (+133.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Brazil

In 2021, the amount of machine tools for working metal without removing metal imported into Brazil soared to X units, with an increase of 24% compared with 2020. In general, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by 172% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, machine tool for metal imports surged to $X in 2021. Over the period under review, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 159%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of machine tool for metal to Brazil, accounting for a 80% share of total imports. Moreover, machine tool for metal imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. Switzerland (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.2% per year) and Switzerland (+14.6% per year).

In value terms, Italy ($X), China ($X) and Taiwan (Chinese) ($X) were the largest machine tool for metal suppliers to Brazil, together comprising 87% of total imports.

China, with a CAGR of -0.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, growing by 2.1% against the previous year. In general, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 683% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 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 Italy ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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