In 2019, the domestic sales of heavy vehicles registered a third consecutive annual expansion due to the recovery of the Brazilian economy following the 2015-2016 recession. Output fell slightly by 0.1% y/y, while exports were down by 34.6% y/y in value and by 42.1% y/y in volume due to lower sales to Argentina. In 2020, the COVID-19 pandemic led to two-digit annual falls in output, domestic sales and exports of heavy vehicles. However, in 2021, the regional economic recovery led to a strong rebound in the demand for heavy vehicles. Domestic sales increased by 37.8% y/y in 2021, to 142,741 units, while export volume rose by 49.4% y/y to 34,934 units. This was accompanied by a solid 61% y/y expansion in heavy vehicle output, to 185,762 units. Output and domestic sales reported the largest volume for the 2016-2021 period, while exports reached the largest volume since 2018. Trucks accounted for the bulk of production, sales and exports in the heavy vehicle segment, being the main growth driver in 2021 as well.

1 Markets 

2 Application

3 Products

4 Region

5 Markets - Competitive Benchmarking & Company Profiles

6 Research Methodology