MERCOSUR: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2024

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in MERCOSUR

The MERCOSUR market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels expanded significantly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in MERCOSUR

In value terms, grease fittings and oil seals production rose significantly to $X in 2022 estimated in export price. In general, production saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports in MERCOSUR

In 2022, grease fittings and oil seals exports in MERCOSUR contracted to X units, therefore, remained relatively stable against the previous year's figure. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, grease fittings and oil seals exports stood at $X in 2022. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia was the main exporting country with an export of around X units, which reached X% of total exports. Argentina (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (X%) and Peru (X%).

Colombia experienced a relatively flat trend pattern with regard to volume of exports of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels. 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 2012-2022. By contrast, Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. Colombia (X p.p.), Peru (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Colombia ($X), Argentina ($X) and Brazil ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. These countries were followed by Peru, which accounted for a further X%.

Peru, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports in MERCOSUR

In 2022, approx. X units of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels were imported in MERCOSUR; reducing by X% compared with the previous year. Overall, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, grease fittings and oil seals imports expanded remarkably to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 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

In 2022, Colombia (X units), Brazil (X units), Peru (X units), Ecuador (X units), Chile (X units) and Argentina (X units) represented the major importer of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels in MERCOSUR, comprising X% of total import. Paraguay (X units) followed a long way behind the leaders.

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

In value terms, the largest grease fittings and oil seals importing markets in MERCOSUR were Chile ($X), Colombia ($X) and Brazil ($X), together comprising X% of total imports. Peru, Argentina, Ecuador and Paraguay lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, 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 Chile (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :