MERCOSUR: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in MERCOSUR

The MERCOSUR hay-making machinery market fell modestly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a slight curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Hay-Making Machinery Production in MERCOSUR

In value terms, hay-making machinery production reduced slightly to $X in 2022 estimated in export price. Overall, production recorded a mild decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Hay-Making Machinery Exports

Exports in MERCOSUR

In 2022, the amount of hay-making machinery exported in MERCOSUR dropped sharply to X units, waning by X% compared with the previous year. Total exports indicated a temperate expansion from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hay-making machinery exports reduced sharply to $X in 2022. In general, exports, however, saw a temperate increase. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X units) represented the key exporter of hay-making machinery, creating X% of total exports. Colombia (X units) held the second position in the ranking, followed by Argentina (X units). All these countries together held near X% share of total exports. Peru (X units) held a little share of total exports.

Brazil was also the fastest-growing in terms of the hay-making machinery exports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%) displayed positive paces of growth. Peru experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Colombia and Peru increased by X, X and X percentage points, respectively.

In value terms, Brazil ($X) emerged as the largest hay-making machinery supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

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

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

Hay-Making Machinery Imports

Imports in MERCOSUR

In 2022, overseas purchases of hay-making machinery increased by X% to X units, rising for the second consecutive year after two years of decline. Total imports indicated pronounced growth from 2012 to 2022: its volume 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 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, hay-making machinery imports soared to $X in 2022. Overall, imports posted pronounced growth. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Chile (X units), distantly followed by Brazil (X units), Colombia (X units), Paraguay (X units), Uruguay (X units) and Argentina (X units) were the key importers of hay-making machinery, together constituting X% of total imports. Ecuador (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hay-making machinery importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Paraguay ($X), with a combined X% share of total imports. Uruguay, Colombia, Argentina and Ecuador lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 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 Brazil ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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