MERCOSUR: Market for Pneumatic Linear Acting Actuators 2023

Market Size for Pneumatic Linear Acting Actuators in MERCOSUR

The MERCOSUR pneumatic linear acting actuator market contracted modestly to $X in 2022, falling by -1.6% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Pneumatic Linear Acting Actuators in MERCOSUR

In value terms, pneumatic linear acting actuator production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 25%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in MERCOSUR

In 2022, approx. X units of pneumatic linear acting actuators were exported in MERCOSUR; picking up by 11% on 2021 figures. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +53.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, pneumatic linear acting actuator exports skyrocketed to $X in 2022. Total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +47.5% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 33% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Brazil dominates exports structure, amounting to X units, which was approx. 93% of total exports in 2022. It was distantly followed by Argentina (X units), creating a 5% share of total exports. Chile (X units) held a little share of total exports.

Brazil was also the fastest-growing in terms of the pneumatic linear acting actuators exports, with a CAGR of +9.3% from 2012 to 2022. Argentina (-9.8%) and Chile (-11.6%) illustrated a downward trend over the same period. While the share of Brazil (+28 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (-7.9 p.p.) and Argentina (-18.8 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest pneumatic linear acting actuator supplier in MERCOSUR, comprising 93% of total exports. The second position in the ranking was taken by Chile ($X), with a 3.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled +5.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-10.1% per year) and Argentina (-14.4% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, surging by 10% against the previous year. Overall, the export price, however, showed a noticeable slump. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Argentina ($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 (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Pneumatic Linear Acting Actuators

Imports in MERCOSUR

In 2022, the amount of pneumatic linear acting actuators imported in MERCOSUR stood at X units, surging by 13% compared with the year before. In general, imports, however, showed a perceptible contraction. The growth pace was the most rapid in 2021 when imports increased by 58%. 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, pneumatic linear acting actuator imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, resulting at X units, which was near 71% of total imports in 2022. Argentina (X units) held an 8.5% share (based on physical terms) of total imports, which put it in second place, followed by Peru (6.2%), Colombia (5.7%) and Chile (5.7%).

Imports into Brazil decreased at an average annual rate of -3.7% from 2012 to 2022. At the same time, Peru (+9.7%), Chile (+5.9%) and Argentina (+2.6%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +9.7% from 2012-2022. By contrast, Colombia (-2.0%) illustrated a downward trend over the same period. While the share of Peru (+4.3 p.p.), Argentina (+3.2 p.p.) and Chile (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (-11.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported pneumatic linear acting actuators in MERCOSUR, comprising 59% of total imports. The second position in the ranking was held by Argentina ($X), with a 12% share of total imports. It was followed by Chile, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +3.1%. In the other countries, the average annual rates were as follows: Argentina (+1.4% per year) and Chile (+5.8% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pneumatic linear acting actuator import price decreased by -21.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 71%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 ($X per unit), while Brazil ($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 (+7.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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