Brazil: Public Works Machinery Market 2024

Public Works Machinery Market Size in Brazil

In 2022, the Brazilian public works machinery market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a pronounced increase. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Public Works Machinery Production in Brazil

In value terms, public works machinery production declined to $X in 2022 estimated in export price. In general, production, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Public Works Machinery Exports

Exports from Brazil

In 2022, overseas shipments of machinery for public works and building decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, public works machinery exports contracted notably to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Paraguay (X units), Ecuador (X units) and Uruguay (X units) were the main destinations of public works machinery exports from Brazil, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for public works machinery exported from Brazil were Ecuador ($X), Colombia ($X) and Uruguay ($X), together comprising X% of total exports.

Ecuador, with a CAGR of X%, saw the highest growth rate of 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 public works machinery export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Colombia ($X per unit), while the average price for exports to Paraguay ($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 South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Public Works Machinery Imports

Imports into Brazil

For the third year in a row, Brazil recorded growth in supplies from abroad of machinery for public works and building, which increased by X% to X units in 2022. Over the period under review, imports enjoyed a notable expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, public works machinery imports soared to $X in 2022. Overall, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of public works machinery to Brazil, with a X% share of total imports. Moreover, public works machinery imports from Germany exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

In value terms, the largest public works machinery suppliers to Brazil were Germany ($X), China ($X) and the United States ($X), together accounting for X% of total imports. India, Italy, France and Spain lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average public works machinery import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price faced a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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