Machinery and equipment sector records drop in sales

2024-03-28 20:16:50

According to data released by the research ABIMAQ Situational Indicators, referring to the month of January 2024, the machinery and equipment sector faced a drop in net sales revenue. It is possible to observe in the study that both in the monthly comparison, with seasonal adjustment (-0.3%), and interannual (-21.7%), there was a decline in results. According to the report, this scenario was driven by the reduction in revenue from both the domestic and foreign markets, despite the positive performance of exports in dollars, which were harmed by the appreciation of the real.

The study points out that despite the general drop in revenue, there was growth in the industry manufacturing machinery and equipment for non-durable consumer goods. This segment, which, according to the publication, already showed promising results in the second half of 2023, continued to stand out due to the recovery of family income.

With regard to exports, the month of January 2024 recorded a total of US$ 1.1 billion, representing a drop of 4.5% compared to December 2023, but an increase of 7.3% compared to January 2023. This performance reflects the historical scenario of the sector’s exports, which reached almost US$14 billion in 2023, surpassing the record recorded in 2012.

José Antônio Valente, director of the construction equipment rental Trans Obra, stated that even in the midst of this challenging scenario, there was growth in the manufacturing industry of machinery and equipment for non-durable consumer goods, however it is important to remain aware of global market fluctuations and exchange rate issues, which continue to influence exports and the competitiveness of the sector. “Looking to the future, it is crucial that the machinery and equipment industry seeks strategies to increase its competitiveness, both in the domestic and foreign markets. This may involve investments in innovation, increasing production efficiency and market diversification. As an expert in the concrete mixer rental and other large equipment, I see that leasing is an alternative for entrepreneurs who want to reduce costs when purchasing machinery and equipment for civil construction.”

Still in the published report, which can be analyzed in full through the link published at the beginning of the article, imports of machinery and equipment grew in January 2024, both compared to the previous month (4.8%) and to January 2023 (7.3%). The study points out that even with the drop in consumption of locally produced machines, imports increased, indicating a shift in national production. This resulted in a drop in the apparent national consumption of machinery and equipment, which reached R$22.9 billion, representing a decrease in relation to both December 2023 and January 2023.

Asked regarding the subject, José Antônio stated that it is essential that industrial policies are aimed at increasing the competitiveness of national production of machinery and equipment. “Including measures to improve infrastructure, reduce production costs, invest in innovation and technology, and promote strategic partnerships between the public and private sector can contribute to improving the sector’s results.”

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