Brazil: Interchangeable Tool Market 2024

Interchangeable Tool Market Size in Brazil

The Brazilian interchangeable tool market contracted to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a slight setback. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Interchangeable Tool Production in Brazil

In value terms, interchangeable tool production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Interchangeable Tool Exports

Exports from Brazil

In 2022, approx. X tons of interchangeable tools for hand tools were exported from Brazil; increasing by X% against the year before. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, interchangeable tool exports skyrocketed to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Argentina (X tons) was the main destination for interchangeable tool exports from Brazil, accounting for a X% share of total exports. Moreover, interchangeable tool exports to Argentina exceeded the volume sent to the second major destination, the United States (X tons), twofold. Mexico (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Mexico (X% per year).

In value terms, the United States ($X), Argentina ($X) and the Netherlands ($X) constituted the largest markets for interchangeable tool exported from Brazil worldwide, together comprising X% of total exports. Mexico, Australia, Paraguay and Germany lagged somewhat behind, together comprising a further X%.

Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average interchangeable tool export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Australia ($X 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 the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Interchangeable Tool Imports

Imports into Brazil

In 2022, the amount of interchangeable tools for hand tools imported into Brazil reduced sharply to X tons, declining by X% compared with the previous year. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, interchangeable tool imports reduced dramatically to $X in 2022. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of interchangeable tool to Brazil, accounting for a X% share of total imports. Moreover, interchangeable tool imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), eightfold. South Korea (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of interchangeable tools for hand tools to Brazil, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average interchangeable tool import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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