Pumps; Parts Thereof Price in Brazil - 2023

Pumps; Parts Thereof Price in Brazil (CIF) - 2023

The average pumps; parts thereof import price stood at $25,297 per ton in July 2023, surging by 9.9% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in March 2023 an increase of 24% against the previous month. As a result, import price reached the peak level of $28,355 per ton. From April 2023 to July 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($55,255 per ton), while the price for Egypt ($4,620 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Pumps; Parts Thereof Price in Brazil (FOB) - 2023

The average pumps; parts thereof export price stood at $12,771 per ton in July 2023, with an increase of 9.3% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 124% against the previous month. Over the period under review, the average export prices reached the peak figure at $16,701 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Chile ($39,371 per ton), while the average price for exports to Suriname ($1,982 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pumps; Parts Thereof Imports in Brazil

In 2022, approx. 10K tons of pumps; parts thereoves were imported into Brazil; surging by 14% on the previous year. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, pumps; parts thereof imports skyrocketed to $218M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Pumps; Parts Thereof in Brazil (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	35.6	28.5	37.8	40.8	4.6%
China	21.3	19.8	30.6	37.8	21.1%
Germany	25.6	22.2	32.7	30.9	6.5%
India	5.7	6.3	8.7	11.3	25.6%
Thailand	5.2	4.4	6.6	10.1	24.8%
Italy	5.2	6.4	7.4	8.6	18.3%
Japan	7.3	4.2	5.5	6.6	-3.3%
Argentina	1.9	1.5	1.6	4.6	34.3%
South Korea	2.2	3.2	2.7	4.3	25.0%
Sweden	3.1	2.7	3.3	4.1	9.8%
Turkey	1.7	1.8	3.3	3.2	23.5%
Slovakia	1.0	0.9	1.9	2.9	42.6%
Taiwan (Chinese)	1.5	1.5	1.8	2.8	23.1%
Others	46.8	35.3	43.3	50.1	2.3%
Total	164	139	187	218	10.0%

Top Suppliers of Pumps; Parts Thereof to Brazil in 2022:

China (3642.9 tons)
Germany (1297.0 tons)
United States (794.1 tons)
India (598.1 tons)
Turkey (503.5 tons)
Argentina (354.4 tons)
Thailand (269.8 tons)
Slovakia (256.1 tons)
Italy (235.3 tons)
Taiwan (Chinese) (218.6 tons)
South Korea (210.2 tons)
Japan (197.1 tons)
Sweden (172.8 tons)

Pumps; Parts Thereof Exports in Brazil

In 2022, exports of pumps; parts thereoves from Brazil rose rapidly to 6.5K tons, surging by 6.9% against the year before. The total export volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, pumps; parts thereof exports surged to $81M in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Pumps; Parts Thereof in Brazil (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	14.3	13.1	16.0	19.2	10.3%
Germany	11.0	9.0	9.0	12.2	3.5%
Argentina	3.9	3.5	7.0	7.1	22.1%
Chile	3.5	3.6	4.5	4.9	11.9%
Mexico	3.6	2.1	2.8	3.8	1.8%
Peru	2.5	1.7	2.9	3.1	7.4%
Colombia	1.7	1.7	2.3	2.4	12.2%
China	1.4	1.6	1.7	2.4	19.7%
Suriname	1.5	1.6	2.2	2.3	15.3%
Australia	1.9	1.1	1.0	1.8	-1.8%
Canada	1.8	0.9	1.1	1.5	-5.9%
Guyana	1.1	1.2	1.3	1.2	2.9%
Venezuela	1.2	0.3	1.2	0.8	-12.6%
Others	18.7	17.7	15.5	18.0	-1.3%
Total	68.1	58.9	68.5	80.9	5.9%