MERCOSUR: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in MERCOSUR

The MERCOSUR gear cutting machine market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption, however, saw a perceptible slump. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Gear Cutting Machine Production in MERCOSUR

In value terms, gear cutting machine production fell dramatically to $X in 2022 estimated in export price. Over the period under review, production saw a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Gear Cutting Machine Exports

Exports in MERCOSUR

In 2022, the amount of gear cutting, gear grinding or gear finishing machines exported in MERCOSUR soared to X units, with an increase of X% against the previous year's figure. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, gear cutting machine exports surged to $X in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X units) and Argentina (X units) prevails in exports structure, together making up X% of total exports. Peru (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Brazil ($X) emerged as the largest gear cutting machine supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

In Brazil, gear cutting machine exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

Gear Cutting Machine Imports

Imports in MERCOSUR

In 2022, imports of gear cutting, gear grinding or gear finishing machines in MERCOSUR soared to X units, with an increase of X% on 2021. Overall, imports enjoyed strong growth. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, gear cutting machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Chile (X units) and Guyana (X units) represented the key importers of gear cutting, gear grinding or gear finishing machines in 2022, reaching near X% and X% of total imports, respectively. It was distantly followed by Brazil (X units), committing a X% share of total imports. The following importers - Argentina (X units) and Colombia (X units) - each accounted for a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. 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

In 2022, the import price in MERCOSUR amounted to $X per unit, waning by X% against the previous year. Overall, the import price saw a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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