MERCOSUR: Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size in MERCOSUR

The MERCOSUR machinery electrical parts market shrank slightly to $X in 2022, waning by X% against the previous year. The total consumption indicated a temperate 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 increased by X% against 2020 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Machinery Electrical Parts Production in MERCOSUR

In value terms, machinery electrical parts production reduced to $X in 2022 estimated in export price. The total production indicated a measured 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Machinery Electrical Parts Exports

Exports in MERCOSUR

Machinery electrical parts exports contracted modestly to X tons in 2022, which is down by X% compared with the year before. Overall, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, machinery electrical parts exports plummeted to $X in 2022. Over the period under review, exports, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia represented the key exporting country with an export of around X tons, which resulted at X% of total exports. Uruguay (X tons) took the second position in the ranking, distantly followed by Brazil (X tons). All these countries together held near X% share of total exports. Suriname (X tons), Paraguay (X tons) and Chile (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to machinery electrical parts exports from Colombia stood at X%. At the same time, Suriname (X%), Uruguay (X%), Paraguay (X%) and Chile (X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia, Uruguay, Suriname and Paraguay increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) remains the largest machinery electrical parts supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Uruguay, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Colombia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Uruguay (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Suriname ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Machinery Electrical Parts Imports

Imports in MERCOSUR

In 2022, overseas purchases of electrical parts of machinery or apparatus decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, machinery electrical parts imports shrank markedly to $X in 2022. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. 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

Argentina was the major importing country with an import of around X tons, which accounted for X% of total imports. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (X%), Chile (X%) and Peru (X%).

From 2012 to 2022, average annual rates of growth with regard to machinery electrical parts imports into Argentina stood at X%. At the same time, Peru (X%), Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. Argentina (X p.p.), Colombia (X p.p.), Chile (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Argentina ($X) constitutes the largest market for imported electrical parts of machinery or apparatus in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Argentina amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, saw a deep setback. The growth pace was the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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