MERCOSUR: Truck Crane Market 2024

Truck Crane Market Size in MERCOSUR

In 2022, the MERCOSUR truck crane market increased by X% to $X, rising for the sixth consecutive year after four years of decline. In general, consumption, however, showed a noticeable reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Truck Crane Production in MERCOSUR

In value terms, truck crane production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Truck Crane Exports

Exports in MERCOSUR

In 2022, overseas shipments of truck cranes decreased by X% to X units, falling for the sixth consecutive year after two years of growth. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, truck crane exports contracted significantly to $X in 2022. Over the period under review, exports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Guyana (X units), distantly followed by Uruguay (X units), Chile (X units), Brazil (X units), Ecuador (X units) and Colombia (X units) represented the main exporters of truck cranes, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Guyana (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest truck crane supplying countries in MERCOSUR were Brazil ($X), Chile ($X) and Uruguay ($X), with a combined X% share of total exports. Ecuador, Colombia and Guyana lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to 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 unit in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Brazil ($X per unit), while Guyana ($X per unit) was amongst the lowest.

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

Truck Crane Imports

Imports in MERCOSUR

In 2022, purchases abroad of truck cranes increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, saw a pronounced downturn. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, truck crane imports skyrocketed to $X in 2022. Overall, imports, however, saw a deep setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brazil prevails in imports structure, finishing at X units, which was approx. X% of total imports in 2022. Venezuela (X units) ranks second in terms of the total imports with an X% share, followed by Chile (X%), Argentina (X%) and Uruguay (X%). Paraguay (X units) and Peru (X units) held a minor share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of truck cranes. At the same time, Uruguay (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Chile (X%), Peru (X%), Paraguay (X%) and Venezuela (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Uruguay (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total imports, while Peru, Chile, Paraguay and Venezuela saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

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

In Brazil, truck crane imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Venezuela (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, approximately equating the previous year. Overall, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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