MERCOSUR: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in MERCOSUR

The MERCOSUR machine-tool for removing material market rose rapidly to $X in 2023, growing by X% against the previous year. In general, consumption showed a remarkable increase. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in years to come.

Production of Machine-Tools For Working Any Material By Removal Of Material in MERCOSUR

In value terms, machine-tool for removing material production rose to $X in 2023 estimated in export price. Overall, production continues to indicate moderate growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in MERCOSUR

In 2023, machine-tool for removing material exports in MERCOSUR contracted rapidly to X units, which is down by X% against the previous year. In general, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, machine-tool for removing material exports contracted to $X in 2023. Over the period under review, exports, however, continue to indicate a measured expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the main exporting country with an export of about X units, which resulted at X% of total exports. Colombia (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Chile (X%) and Peru (X%). Ecuador (X units), Argentina (X units) and Uruguay (X units) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to machine-tool for removing material exports from Brazil stood at X%. At the same time, Colombia (X%) and Uruguay (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. Peru, Chile and Ecuador experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Colombia (X p.p.) and Uruguay (X p.p.) significantly strengthened its position in terms of the total exports, while Ecuador, Peru, Argentina and Chile saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively.

In value terms, Brazil ($X) remains the largest machine-tool for removing material supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Colombia, with an X% share.

In Brazil, machine-tool for removing material exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per unit, increasing by X% against the previous year. In general, the export price, however, saw a slight setback. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in MERCOSUR

Machine-tool for removing material imports amounted to X units in 2023, increasing by X% compared with the previous year's figure. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, machine-tool for removing material imports rose modestly to $X in 2023. Over the period under review, imports showed a notable expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Imports by Country

Brazil prevails in imports structure, resulting at X units, which was near X% of total imports in 2023. Argentina (X units) held the second position in the ranking, followed by Peru (X units). All these countries together held near X% share of total imports. The following importers - Colombia (X units), Chile (X units) and Ecuador (X units) - together made up X% of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Peru (X%), Ecuador (X%), Argentina (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Colombia (X%) illustrated a downward trend over the same period. While the share of Argentina (X p.p.), Peru (X p.p.) and Brazil (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported machine-tools for working any material by removal of material in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price saw a deep contraction. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per unit 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 Chile ($X per unit), while Peru ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform