MERCOSUR: Way-Type Unit Head Market 2024

Way-Type Unit Head Market Size in MERCOSUR

In 2021, the MERCOSUR way-type unit head market decreased by -33.7% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, posted a buoyant expansion. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Way-Type Unit Head Production in MERCOSUR

In value terms, way-type unit head production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 207%. As a result, production reached the peak level of $X, and then fell significantly in the following year.

Way-Type Unit Head Exports

Exports in MERCOSUR

After two years of decline, overseas shipments of way-type unit heads for working metal increased by 5.8% to X tons in 2021. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 199%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, way-type unit head exports totaled $X in 2021. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 133% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), Colombia (X tons) and Chile (X tons) represented roughly 79% of total exports in 2021. Venezuela (X kg) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Peru (7.5%). Argentina (X kg) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +40.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest way-type unit head supplying countries in MERCOSUR were Chile ($X), Colombia ($X) and Brazil ($X), with a combined 82% share of total exports. Argentina, Peru and Venezuela lagged somewhat behind, together accounting for a further 13%.

Argentina, with a CAGR of +46.5%, saw 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

The export price in MERCOSUR stood at $X per ton in 2021, growing by 2.8% against the previous year. In general, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2019 when the export price increased by 256%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+10.3%), while the other leaders experienced more modest paces of growth.

Way-Type Unit Head Imports

Imports in MERCOSUR

In 2021, after three years of decline, there was significant growth in supplies from abroad of way-type unit heads for working metal, when their volume increased by 16% to X tons. In general, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 124% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, way-type unit head imports soared to $X in 2021. Overall, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 34%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Peru (X tons), Ecuador (X tons), Colombia (X tons), Brazil (X tons) and Chile (X tons) was the main importer of way-type unit heads for working metal in MERCOSUR, constituting 93% of total import. Venezuela (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +15.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Ecuador ($X), Brazil ($X) and Chile ($X) were the countries with the highest levels of imports in 2021, together accounting for 62% of total imports.

Among the main importing countries, Chile, with a CAGR of -0.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, picking up by 9.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2016 when the import price increased by 43%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+8.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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