MERCOSUR: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2024

Exports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Exports in MERCOSUR

In 2022, the amount of fork-lift trucks and other industrial works trucks and tractors exported in MERCOSUR skyrocketed to X units, surging by X% on the previous year. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors surged to $X in 2022. In general, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil was the main exporting country with an export of about X units, which resulted at X% of total exports. Colombia (X units) ranks second in terms of the total exports with a X% share, followed by Chile (X%) and Ecuador (X%). Peru (X units), Argentina (X units) and Uruguay (X units) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%), Ecuador (X%), Uruguay (X%), Argentina (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. While the share of Colombia (X p.p.), Ecuador (X p.p.), Argentina (X p.p.) and Chile (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest forklift truck and industrial works truck supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

In Brazil, exports of fork-lift trucks and other industrial works trucks and tractors expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price, however, showed a pronounced decline. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Chile ($X per unit), while Ecuador ($X per unit) 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 export price figures.

Imports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Imports in MERCOSUR

In 2022, purchases abroad of fork-lift trucks and other industrial works trucks and tractors increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors skyrocketed to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X units) represented the key importer of fork-lift trucks and other industrial works trucks and tractors, generating X% of total imports. Argentina (X units) ranks second in terms of the total imports with a X% share, followed by Chile (X%). Colombia (X units), Peru (X units) and Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to forklift truck and industrial works truck imports into Brazil stood at X%. At the same time, Argentina (X%), Ecuador (X%), Chile (X%), Colombia (X%) and Peru (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Brazil (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total imports, while Colombia, Peru and Chile saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported fork-lift trucks and other industrial works trucks and tractors in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Brazil, imports of fork-lift trucks and other industrial works trucks and tractors expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

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Source: IndexBox Platform

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