MERCOSUR: Spades And Shovels Market 2024

Spades And Shovels Market Size in MERCOSUR

The MERCOSUR spades and shovels market expanded remarkably to $X in 2023, growing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Spades And Shovels Production in MERCOSUR

In value terms, spades and shovels production amounted to $X in 2023 estimated in export price. The total production indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Spades And Shovels Exports

Exports in MERCOSUR

In 2023, shipments abroad of spades and shovels decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, spades and shovels exports reduced to $X in 2023. In general, exports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then contracted in the following year.

Exports by Country

Brazil represented the largest exporter of spades and shovels in MERCOSUR, with the volume of exports reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by Colombia (X tons), constituting a X% share of total exports.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest spades and shovels supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

In Brazil, spades and shovels exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Spades And Shovels Imports

Imports in MERCOSUR

In 2023, approx. X tons of spades and shovels were imported in MERCOSUR; growing by X% compared with 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, spades and shovels imports shrank to $X in 2023. Over the period under review, imports, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Colombia (X tons) represented the key importer of spades and shovels, achieving X% of total imports. Peru (X tons) took the second position in the ranking, distantly followed by Ecuador (X tons), Chile (X tons) and Brazil (X tons). All these countries together took near X% share of total imports. Guyana (X tons) and Paraguay (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guyana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Peru ($X) and Ecuador ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Chile, Brazil, Paraguay and Guyana lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Brazil, 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 2023, the import price in MERCOSUR amounted to $X per ton, waning by X% against the previous year. Overall, the import price saw a mild curtailment. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ecuador ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform