MERCOSUR: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in MERCOSUR

The MERCOSUR metal broaching machine market was finally on the rise to reach $X in 2023, after two years of decline. Overall, consumption enjoyed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Broaching Machine Production in MERCOSUR

In value terms, metal broaching machine production fell slightly to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Metal Broaching Machine Exports

Exports in MERCOSUR

In 2023, overseas shipments of broaching machines for working metal decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, metal broaching machine exports surged to $X in 2023. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Brazil (X units), followed by Colombia (X units) were the key exporters of broaching machines for working metal, together constituting X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Colombia (with a CAGR of X%).

In value terms, Brazil ($X) remains the largest metal broaching machine supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

In Brazil, metal broaching machine exports decreased by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, continues to indicate a deep slump. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Colombia stood at $X per unit.

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

Metal Broaching Machine Imports

Imports in MERCOSUR

In 2023, approx. X units of broaching machines for working metal were imported in MERCOSUR; jumping by X% against the previous year's figure. Overall, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, metal broaching machine imports skyrocketed to $X in 2023. Over the period under review, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Brazil prevails in imports structure, accounting for X units, which was approx. X% of total imports in 2023. It was distantly followed by Peru (X units), Colombia (X units) and Chile (X units), together constituting an X% share of total imports. The following importers - Argentina (X units), Suriname (X units) and Uruguay (X units) - each recorded a X% share of total imports.

Brazil was also the fastest-growing in terms of the broaching machines for working metal imports, with a CAGR of X% from 2012 to 2023. At the same time, Suriname (X%) displayed positive paces of growth. Peru experienced a relatively flat trend pattern. By contrast, Uruguay (X%), Argentina (X%), Chile (X%) and Colombia (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Peru (X p.p.) and Uruguay (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Chile (X p.p.) and Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, metal broaching machine imports decreased by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per unit), while Uruguay ($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 more modest paces of growth.

Source: IndexBox Platform