MERCOSUR: Combine Harvester Market 2024

Combine Harvester Market Size in MERCOSUR

The MERCOSUR combine harvester market expanded modestly to $X in 2023, increasing by X% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in the immediate term.

Combine Harvester Production in MERCOSUR

In value terms, combine harvester production expanded notably to $X in 2023 estimated in export price. Over the period under review, production posted temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Combine Harvester Exports

Exports in MERCOSUR

After three years of growth, overseas shipments of combine harvester-threshers decreased by X% to X units in 2023. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, combine harvester exports expanded modestly to $X in 2023. Over the period under review, exports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, reaching X units, which was approx. X% of total exports in 2023. It was distantly followed by Argentina (X units), committing a X% share of total exports. Chile (X units) held a little share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2023. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Chile (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Argentina (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest combine harvester supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2023, with an increase of X% against the previous year. Export price indicated prominent growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, combine harvester export price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the export price figures.

Combine Harvester Imports

Imports in MERCOSUR

In 2023, after three years of growth, there was decline in purchases abroad of combine harvester-threshers, when their volume decreased by X% to X units. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, combine harvester imports expanded remarkably to $X in 2023. In general, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Paraguay (X units), distantly followed by Colombia (X units), Peru (X units), Brazil (X units), Chile (X units) and Uruguay (X units) represented the major importers of combine harvester-threshers, together constituting X% of total imports. Ecuador (X units) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Colombia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X) constitutes the largest market for imported combine harvester-threshers in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with an X% share of total imports. It was followed by Uruguay, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Paraguay amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Uruguay (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, showed a slight decline. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Uruguay ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform