Latin America and the Caribbean: Market for Hand-Operated Drilling, Threading or Tapping Tools 2024

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Latin America and the Caribbean

The Latin American market for hand-operated drilling, threading or tapping tools rose modestly to $X in 2022, surging by X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value 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. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Hand-Operated Drilling, Threading or Tapping Tools in Latin America and the Caribbean

In value terms, production of hand-operated drilling, threading or tapping tools stood at $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports in Latin America and the Caribbean

In 2022, exports of hand-operated drilling, threading or tapping tools in Latin America and the Caribbean fell sharply to X tons, which is down by X% compared with 2021 figures. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of hand-operated drilling, threading or tapping tools shrank dramatically to $X in 2022. Overall, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico represented the key exporting country with an export of around X tons, which recorded X% of total exports. Brazil (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Chile (X%), Panama (X%) and Argentina (X%). El Salvador (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hand-operated drilling, threading or tapping tool exports from Mexico stood at X%. At the same time, El Salvador (X%) and Chile (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Panama (X%), Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Chile and El Salvador increased by X, X and X percentage points, respectively.

In value terms, Mexico ($X) remains the largest hand-operated drilling, threading or tapping tool supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports. It was followed by Brazil, with an X% share.

In Mexico, exports of hand-operated drilling, threading or tapping tools expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price 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, export price for hand-operated drilling, threading or tapping tools increased by X% against 2019 indices. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (X%), while the other leaders experienced a decline in the export price figures.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports in Latin America and the Caribbean

In 2022, approx. X tons of hand-operated drilling, threading or tapping tools were imported in Latin America and the Caribbean; jumping by X% on 2021. Over the period under review, imports, however, recorded a perceptible contraction. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools skyrocketed to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of imports of hand-operated drilling, threading or tapping tools in 2022 were Brazil (X tons), Chile (X tons), the Dominican Republic (X tons), Mexico (X tons), Ecuador (X tons), Peru (X tons), Guatemala (X tons), Bolivia (X tons), Colombia (X tons), Honduras (X tons), Belize (X tons) and Argentina (X tons), together accounting for X% of total import.

From 2012 to 2022, the biggest increases were recorded for Belize (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hand-operated drilling, threading or tapping tool importing markets in Latin America and the Caribbean were Mexico ($X), the Dominican Republic ($X) and Chile ($X), with a combined X% share of total imports. Brazil, Colombia, Peru, Ecuador, Guatemala, Argentina, Honduras, Bolivia and Belize lagged somewhat behind, together accounting for a further X%.

Belize, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Belize ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :