MERCOSUR: Parachute Market 2023

Parachute Market Size in MERCOSUR

In 2022, the MERCOSUR parachute market increased by X% to $X, rising for the second year in a row after five years of decline. Overall, consumption saw a noticeable decline. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Parachute Production in MERCOSUR

In value terms, parachute production reduced modestly to $X in 2022 estimated in export price. In general, production saw a perceptible shrinkage. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Parachute Exports

Exports in MERCOSUR

Parachute exports fell significantly to X tons in 2022, with a decrease of X% on 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, parachute exports dropped rapidly to $X in 2022. Overall, exports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Brazil was the main exporter of parachutes and rotochutes in MERCOSUR, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Colombia (X tons) took the second position in the ranking, distantly followed by Chile (X kg). All these countries together held approx. X% share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. While the share of Colombia (X p.p.) and Chile (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X), Chile ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Chile, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the near future.

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

Parachute Imports

Imports in MERCOSUR

In 2022, imports of parachutes and rotochutes in MERCOSUR declined rapidly to X tons, with a decrease of X% compared with 2021. Overall, imports, however, saw modest growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, parachute imports shrank markedly to $X in 2022. In general, imports, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

The purchases of the four major importers of parachutes and rotochutes, namely Colombia, Chile, Brazil and Peru, represented more than two-thirds of total import. It was distantly followed by Argentina (X tons), making up a X% share of total imports. The following importers - Paraguay (X tons) and Ecuador (X tons) - together made up X% of total imports.

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

In value terms, Colombia ($X), Chile ($X) and Brazil ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Chile, with a CAGR of X%, saw 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 ton in 2022, declining by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 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 Colombia ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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