MERCOSUR: Public Works Machinery Market 2024

Public Works Machinery Market Size in MERCOSUR

The MERCOSUR public works machinery market skyrocketed to $X in 2023, jumping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Public Works Machinery Production in MERCOSUR

In value terms, public works machinery production declined to $X in 2023 estimated in export price. Over the period under review, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Public Works Machinery Exports

Exports in MERCOSUR

Public works machinery exports contracted to X units in 2023, waning by X% against 2022. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, public works machinery exports declined to $X in 2023. Overall, exports showed a perceptible contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, accounting for X units, which was near X% of total exports in 2023. Peru (X units), Ecuador (X units) and Chile (X units) held a relatively small share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2023. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Ecuador (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.) increased significantly in terms of the total exports from 2012-2023, 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 ($X) remains the largest public works machinery supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with an X% share of total exports. It was followed by Peru, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (X% per year) and Peru (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Public Works Machinery Imports

Imports in MERCOSUR

In 2023, approx. X units of machinery for public works and building were imported in MERCOSUR; with an increase of X% on the previous year. Over the period under review, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, public works machinery imports skyrocketed to $X in 2023. Overall, imports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Brazil dominates imports structure, accounting for X units, which was approx. X% of total imports in 2023. The following importers - Argentina (X units), Chile (X units) and Peru (X units) - each finished at a X% share of total imports.

Brazil was also the fastest-growing in terms of the machinery for public works and building imports, with a CAGR of X% from 2012 to 2023. At the same time, Argentina (X%) and Peru (X%) displayed positive paces of growth. By contrast, Chile (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Brazil increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported machinery for public works and building in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with an X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per unit, declining by X% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2023, 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 Peru ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform