MERCOSUR: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in MERCOSUR

In 2021, the MERCOSUR market for parts of harvester and threshers increased by 1.3% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption, however, recorded a mild slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Parts Of Harvester And Threshers in MERCOSUR

In value terms, parts of harvester and threshers production declined to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 55%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports in MERCOSUR

In 2021, shipments abroad of parts of harvester and threshers increased by 59% to X units, rising for the second consecutive year after two years of decline. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 86%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, parts of harvester and threshers exports soared to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 82%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, reaching X units, which was near 89% of total exports in 2021. It was distantly followed by Argentina (X units), mixing up a 9.7% share of total exports.

Brazil was also the fastest-growing in terms of the parts of harvester and threshers exports, with a CAGR of +11.0% from 2012 to 2021. At the same time, Argentina (+6.8%) displayed positive paces of growth. While the share of Brazil (+4.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Argentina (-3.2 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest parts of harvester and threshers supplier in MERCOSUR, comprising 93% of total exports. The second position in the ranking was taken by Argentina ($X), with a 4.9% share of total exports.

In Brazil, parts of harvester and threshers exports increased at an average annual rate of +6.6% over the period from 2012-2021.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, declining by -13.8% against the previous year. In general, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the export price increased by 2%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-3.9%).

Imports of Parts Of Harvester And Threshers

Imports in MERCOSUR

In 2021, overseas purchases of parts of harvester and threshers were finally on the rise to reach X units after three years of decline. Total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X units in 2013; afterwards, it flattened through to 2021.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil represented the main importing country with an import of about X units, which accounted for 54% of total imports. It was distantly followed by Argentina (X units), achieving a 30% share of total imports. Paraguay (X units), Chile (X units), Colombia (X units), Peru (X units) and Ecuador (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Argentina (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Chile ($X) were the countries with the highest levels of imports in 2021, with a combined 88% share of total imports. Paraguay, Peru, Colombia and Ecuador lagged somewhat behind, together comprising a further 9.5%.

Peru, with a CAGR of +18.9%, saw the highest growth rate of the value of imports, among 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 2021, stabilizing at the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 5.5% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by Peru (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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