Brazil: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Brazil

The Brazilian ride-on compaction equipment market rose markedly to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a strong increase 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, consumption decreased by X% against 2020 indices. Ride-on compaction equipment consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Ride-On Compaction Equipment Production in Brazil

In value terms, ride-on compaction equipment production stood at $X in 2022 estimated in export price. Overall, the total production indicated a resilient 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Ride-on compaction equipment production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Ride-On Compaction Equipment Exports

Exports from Brazil

In 2022, ride-on compaction equipment exports from Brazil dropped rapidly to X units, shrinking by X% on the previous year's figure. Over the period under review, exports, however, saw noticeable growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment exports contracted notably to $X in 2022. In general, total exports indicated a noticeable 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. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

The United States (X units), Australia (X units) and Argentina (X units) were the main destinations of ride-on compaction equipment exports from Brazil, with a combined X% share of total exports. Colombia, Uruguay, Peru and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uruguay (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for ride-on compaction equipment exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Uruguay (X% per year).

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a 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 Uruguay ($X per unit), while the average price for exports to Colombia ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into Brazil

In 2022, overseas purchases of ride-on compaction equipment increased by X% to X units, rising for the sixth consecutive year after four years of decline. In general, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ride-on compaction equipment imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of ride-on compaction equipment imports to Brazil, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and India ($X) appeared to be the largest ride-on compaction equipment suppliers to Brazil, with a combined X% share of total imports. Bulgaria, Sweden, Italy and the United States lagged somewhat behind, together comprising a further X%.

Italy, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, growing by X% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price 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, ride-on compaction equipment import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform