Report Update: Apr 1, 2024

Brazil - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends And Insights

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Interchangeable Spanner Socket Price in Brazil - 2023

Interchangeable Spanner Socket Price in Brazil (CIF) - 2023

In September 2023, the average interchangeable spanner socket import price amounted to $4,466 per ton, with an increase of 15% against the previous month. Over the period under review, the import price, however, recorded a slight decrease. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 40% month-to-month. Over the period under review, average import prices reached the maximum at $6,402 per ton in March 2023; however, from April 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Taiwan (Chinese) ($6,413 per ton), while the price for China stood at $3,588 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-1.5%).

Interchangeable Spanner Socket Price in Brazil (FOB) - 2022

In 2022, the average interchangeable spanner socket export price amounted to $10,765 per ton, growing by 5.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 13% against the previous year. As a result, the export price attained the peak level of $12,381 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($17,434 per ton), while the average price for exports to Germany ($4,451 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports in Brazil

After three years of growth, overseas purchases of interchangeable spanner sockets decreased by -5.2% to 4.2K tons in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.2% 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 +45.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, imports reached the peak of 4.4K tons, and then declined in the following year.

In value terms, interchangeable spanner socket imports contracted to $21M in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 75%. As a result, imports reached the peak of $21M, and then fell slightly in the following year.

Import of Interchangeable Spanner Socket in Brazil (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.2	7.7	12.8	14.0	31.2%
Taiwan (Chinese)	4.3	3.0	6.1	4.7	3.0%
Hong Kong SAR	N/A	N/A	0.1	0.3	200.0%
Others	2.0	1.4	2.1	1.8	-3.5%
Total	12.5	12.1	21.1	20.8	18.5%

Top Suppliers of Interchangeable Spanner Socket to Brazil in 2022:

China (3.5K tons)
Taiwan (Chinese) (0.5K tons)
Hong Kong SAR (0.1K tons)

Interchangeable Spanner Socket Exports in Brazil

In 2022, approx. 212 tons of interchangeable spanner sockets were exported from Brazil; growing by 31% against the year before. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, interchangeable spanner socket exports soared to $2.3M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Export of Interchangeable Spanner Socket in Brazil (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Paraguay	469	248	399	563	6.3%
Bolivia	418	233	281	450	2.5%
Chile	88.9	85.1	112	232	37.7%
Peru	111	57.6	179	165	14.1%
Argentina	248	140	73.3	165	-12.7%
Uruguay	109	84.7	170	157	12.9%
Germany	4.8	1.5	N/A	106	180.6%
South Africa	57.4	22.5	53.5	79.7	11.6%
Mexico	33.5	11.7	25.2	47.3	12.2%
Others	277	281	354	318	4.7%
Total	1,817	1,165	1,648	2,283	7.9%

Top Export Markets for Interchangeable Spanner Socket from Brazil in 2022:

Paraguay (52.3 tons)
Bolivia (41.8 tons)
Germany (23.7 tons)
Chile (19.9 tons)
Peru (16.1 tons)
Uruguay (14.4 tons)
Argentina (10.7 tons)
Mexico (4.9 tons)
South Africa (3.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the interchangeable spanner socket market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25733037 - Interchangeable spanner sockets

Country coverage:

Brazil

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Brazil
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023