Brazil: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Brazil

The Brazilian non-propelled vehicle market dropped slightly to $X in 2022, waning by X% against the previous year. In general, consumption saw a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Propelled Vehicle Production in Brazil

In value terms, non-propelled vehicle production dropped slightly to $X in 2022 estimated in export price. In general, production showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Non-Propelled Vehicle Exports

Exports from Brazil

For the seventh year in a row, Brazil recorded growth in overseas shipments of vehicles not mechanically propelled, which increased by X% to X units in 2022. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, non-propelled vehicle exports skyrocketed to $X in 2022. Overall, exports, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X units), Argentina (X units) and Uruguay (X units) were the main destinations of non-propelled vehicle exports from Brazil, together accounting for X% of total exports. Bolivia, Democratic Republic of the Congo, Chile, Ecuador and the United States lagged somewhat behind, together accounting for 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 Democratic Republic of the Congo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-propelled vehicle exported from Brazil were Argentina ($X), Paraguay ($X) and Chile ($X), together accounting for X% of total exports. The United States, Uruguay, Bolivia, Democratic Republic of the Congo and Ecuador lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Democratic Republic of the Congo, with a CAGR of X%, recorded the highest rates of growth with regard to 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 non-propelled vehicle export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price, however, faced a significant curtailment. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Ecuador ($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 Chile (X%), while the prices for the other major destinations experienced a decline.

Non-Propelled Vehicle Imports

Imports into Brazil

Non-propelled vehicle imports into Brazil shrank slightly to X units in 2022, declining by X% on the previous year. Over the period under review, imports continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, non-propelled vehicle imports rose modestly to $X in 2022. In general, total imports indicated a mild 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X units), the United States (X units) and Vietnam (X units) were the main suppliers of non-propelled vehicle imports to Brazil, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of vehicles not mechanically propelled to Brazil, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

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

Import Prices by Country

The average non-propelled vehicle import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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