Abimaq releases results for the 1st quarter of 2024 at Agrishow

The period saw a 21,3% drop in total net revenue; second day of the event also featured the launch of the 2026 Agricultural Census

01.05.2024 | 10:59 (UTC -3)
Gabriela Salazar
Photo: Disclosure
Photo: Disclosure

Abimaq (Brazilian Association of the Machinery and Equipment Industry) released, during the second day of Agrishow, the sector's results for the first quarter of 2024. The data is part of the entity's Conjunctural Indicators survey. According to the document, there was a 21,3% drop in total net revenue in the first three months of the year, which totaled R$56,6 billion in the period. Among the segments, the worst performance was in agriculture, manufacturing and infrastructure industry and basic industry. 

In the domestic market, the sector accumulated a general drop of 21,9%, but with stability in revenue from sales of components for capital goods and growth in machinery for logistics and civil construction.

The expectation is that throughout the year, these sectors, as well as infrastructure and the manufacturing industry, will record better results, contributing to an increase in investments in 2024. “Factors such as municipal elections, works related to the PAC and recently announced public policies have the potential to direct the country towards a new investment cycle”, says the document.

According to the president of CSMIA (Sectoral Chamber of Agricultural Machines and Implements), Pedro Estevão Bastos de Oliveira, a more difficult first quarter was already expected due to the Harvest Plan. “Today, there is financing at rates of 15%, which makes life difficult for producers, and the new Harvest Plan only comes into effect in July, but we have made our suggestions to have a robust harvest plan,” he says. 

Overview of exports and imports

The first quarter of 2024 was also marked by a drop in exports, with emphasis on the sectors of agricultural machinery, which saw its result shrink by 23%, and machinery for logistics and civil construction, whose decline was 15%. Together, these two segments represent more than 40% of the total exported by the Brazilian machinery and equipment industry. 

Regarding imports, the month of March saw growth in sales. In the month of March, US$ 2,4 billion in machinery and equipment were imported, compared to US$ 2,1 billion in February 2024. In the year, imports were equivalent to US$ 6,9 billion, an increase of 6,1. 2023% compared to the first quarter of XNUMX.

“This situation is bad, but structurally, both the Ministry of Agriculture, the Food and Agriculture Organization of the United Nations (FAO) and the FDA (Food and Drug Administration) say that Brazil would have to increase by 25% to 30%. % of food exports in ten years and, to achieve this, we would have to increase the planted area by around 25% to 30%. For this, more investment in machines is necessary”, he concludes. 

IBGE discusses Agricultural Census during Agrishow

The president of IBGE (Brazilian Institute of Geography and Statistics), Marcio Pochmann, participated in a meeting this Tuesday (30), at Agrishow, to talk about the 2026 Agricultural Census. The last Census was released in 2017, when around 5,1 million establishments were identified that were suitable for agricultural, forestry or aquaculture activities.

For the first time at Agrishow, IBGE seeks to sign technical cooperation agreements to improve the conduct of the Census, better collecting statistics that can portray the reality of the field. “This is the twelfth survey we are carrying out that comprises 100 years of statistics on Brazilian agriculture and forests. The first census was carried out in 1920”, he explains. 

The president of Agrishow, João Marchesan, stated that “it is important to have this information from the Census that will still be generated so that we have elements and subsidies for decision-making”, he concludes. 

Preparation

With preparation scheduled to begin in January 2025, IBGE is forming technical advisory committees with groups of experts in the areas. “We will also build a guidance council. It would be important to have the presence of all those who work in Brazil's agricultural complex”, declares Pochmann.

According to data from NASA and shared by IBGE, global agricultural production is equivalent to 1,9 billion hectares. Brazil ranks 5th in the world, with 3,4% of this amount, second only to India (9,6%), the United States (9%), China (8,8%) and Russia (8,3% ).

For the next Census, technology can be a great ally in the data capture process. “We want to carry out a Census not only in person, but one that can use a new tool over the internet, through association with other institutions that have information from the agrarian world and avoid rework. This would help us a lot to carry out a faster and more agile Census”, he concludes.

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