MERCOSUR: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in MERCOSUR

The MERCOSUR self-propelled excavating machinery market shrank to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption continues to indicate a deep reduction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Self-Propelled Excavating Machinery Production in MERCOSUR

In value terms, self-propelled excavating machinery production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports in MERCOSUR

In 2022, approx. X units of self-propelled earth moving, excavating machinery were exported in MERCOSUR; jumping by X% on the previous year's figure. Total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-propelled excavating machinery exports shrank dramatically to $X in 2022. In general, exports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X units) and Chile (X units) were the key exporters of self-propelled earth moving, excavating machinery in 2022, finishing at approx. X% and X% of total exports, respectively. Argentina (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%). The following exporters - Brazil (X units), Colombia (X units) and Suriname (X units) - each finished at a X% share of total exports.

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

In value terms, Chile ($X) emerged as the largest self-propelled excavating machinery supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile totaled X%. In the other countries, the average annual rates were as follows: Peru (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, reducing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Self-Propelled Excavating Machinery Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was decline in supplies from abroad of self-propelled earth moving, excavating machinery, when their volume decreased by X% to X units. Over the period under review, imports, however, showed a relatively flat trend pattern. 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 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports skyrocketed to $X in 2022. In general, imports, however, showed a moderate expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Brazil (X units) and Chile (X units) represented the key importers of self-propelled earth moving, excavating machinery in 2022, accounting for approx. X% and X% of total imports, respectively. Argentina (X units) held the next position in the ranking, followed by Colombia (X units) and Peru (X units). All these countries together took near X% share of total imports. Venezuela (X units) and Guyana (X units) held a minor share of total imports.

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

In value terms, the largest self-propelled excavating machinery importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Argentina ($X), together accounting for X% of total imports.

Argentina, with a CAGR of X%, recorded 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

In 2022, the import price in MERCOSUR amounted to $X per unit, increasing by X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, self-propelled excavating machinery import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Peru ($X per unit), while Guyana ($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.

Source: IndexBox Platform

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