Brazil: Hand Tools Market Overview 2021

Hand Tools Market Size in Brazil

The Brazilian hand tools market reached $X in 2019, picking up by X% against the previous year. In general, the total consumption indicated a mild expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2011; however, from 2012 to 2019, consumption remained at a lower figure.

Hand Tools Production in Brazil

In value terms, hand tools production dropped slightly to $X in 2019 estimated in export prices. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2011; however, from 2012 to 2019, production failed to regain the momentum.

Hand Tools Exports

Exports from Brazil

After four years of decline, shipments abroad of hand tools increased by X% to X tonnes in 2019. Over the period under review, exports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2008; however, from 2009 to 2019, exports remained at a lower figure.

In value terms, hand tools exports declined modestly to $X in 2019. In general, exports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

Exports by Country

Peru (X tonnes), Bolivia (X tonnes) and Paraguay (X tonnes) were the main destinations of hand tools exports from Brazil, together accounting for X% of total exports. The U.S., Belgium, Saudi Arabia, Argentina, Democratic Republic of the Congo, Nigeria, Uruguay, Singapore, Chile and the United Arab Emirates lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Nigeria, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Peru ($X) and Paraguay ($X) were the largest markets for hand tools exported from Brazil worldwide, together accounting for X% of total exports. Bolivia, Belgium, Argentina, Chile, Singapore, Nigeria, Uruguay, Democratic Republic of the Congo, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together comprising a further X the main countries of destination, Nigeria saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average hand tools export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Chile, while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Brazil

In 2019, the amount of hand tools imported into Brazil expanded significantly to X tonnes, picking up by X% on the previous year. Overall, total imports indicated moderate growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, hand tools imports surged to $X in 2019. In general, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of hand tools to Brazil, accounting for a X% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, India (X tonnes), threefold. Italy (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Italy (+X% per year).

In value terms, China ($X) constituted the largest supplier of hand tools to Brazil, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2019, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and India (+X% per year).

Import Prices by Country

In 2019, the average hand tools import price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, hand tools import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2019 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Colombia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hand tools in the world?

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The countries with the highest volumes of hand tools consumption in 2019 were China (577K tonnes), the U.S. (341K tonnes) and Japan (112K tonnes), with a combined 35% share of global consumption. Italy, Germany, the UK, Brazil, Russia, France, Canada, Viet Nam, South Korea and Indonesia lagged somewhat behind, together comprising a further 25%.

What are the largest producers of hand tools in the world?

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The country with the largest volume of hand tools production was China (1.7M tonnes), comprising approx. 63% of total volume. Moreover, hand tools production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (176K tonnes), tenfold. The third position in this ranking was occupied by Italy (115K tonnes), with a 4.3% share.

What are the leading suppliers of hand tools to Brazil?

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In value terms, China ($125M) constituted the largest supplier of hand tools to Brazil, comprising 49% of total imports. The second position in the ranking was occupied by the U.S. ($25M), with a 9.8% share of total imports. It was followed by India, with a 6.7% share.

What are the leading importers of hand tools from Brazil?

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In value terms, the largest markets for hand tools exported from Brazil were the U.S. ($13M), Peru ($11M) and Paraguay ($9.4M), with a combined 32% share of total exports. Bolivia, Belgium, Argentina, Chile, Singapore, Nigeria, Uruguay, Democratic Republic of the Congo, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together comprising a further 37%.

What is the average export price for hand tools in Brazil?

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The average hand tools export price stood at $7,324 per tonne in 2019, reducing by -3.3% against the previous year.

What is the average import price for hand tools in Brazil?

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In 2019, the average hand tools import price amounted to $8,685 per tonne, growing by 11% against the previous year.