MERCOSUR: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in MERCOSUR

The MERCOSUR machine-tool for working metal market rose sharply to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in MERCOSUR

In value terms, machine-tool for working metal production totaled $X in 2022 estimated in export price. Overall, production, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports in MERCOSUR

In 2022, exports of machine tools for working metal in MERCOSUR surged to X units, with an increase of X% against 2021. Total exports indicated a noticeable increase 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 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, machine-tool for working metal exports surged to $X in 2022. Overall, exports recorded a mild expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X units) represented roughly X% of total exports in 2022.

Brazil was also the fastest-growing in terms of the machine tools for working metal exports, with a CAGR of X% from 2012 to 2022. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest machine-tool for working metal supplier in MERCOSUR.

In Brazil, machine-tool for working metal exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Imports of Machine Tools For Working Metal

Imports in MERCOSUR

In 2022, the amount of machine tools for working metal imported in MERCOSUR surged to X units, jumping by X% against 2021 figures. Overall, imports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, machine-tool for working metal imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt descent. 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 attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of machine tools for working metal, namely Brazil, Chile, Colombia and Ecuador, represented more than two-thirds of total import. It was distantly followed by Peru (X units), comprising a X% share of total imports. Argentina (X units) held a minor share of total imports.

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

In value terms, Brazil ($X) constitutes the largest market for imported machine tools for working metal in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. 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 stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, declining by X% against the previous year. Overall, the import price recorded a slight reduction. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per unit in 2013; however, from 2014 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 Argentina ($X per unit), while Chile ($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 import price figures.

Source: IndexBox Platform

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