Latin America and the Caribbean: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in Latin America and the Caribbean

The Latin American gouges and chisels market contracted to $X in 2022, shrinking by X% against the previous year. Overall, consumption saw a pronounced curtailment. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Gouges And Chisels Production in Latin America and the Caribbean

In value terms, gouges and chisels production declined to $X in 2022 estimated in export price. Overall, production showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Gouges And Chisels Exports

Exports in Latin America and the Caribbean

In 2022, the amount of planes, chisels and gouges for working wood exported in Latin America and the Caribbean dropped markedly to X tons, declining by X% against the previous year. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gouges and chisels exports contracted significantly to $X in 2022. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Chile (X tons), Brazil (X tons) and Mexico (X tons), together accounting for X% of total export. Panama (X tons) ranks next in terms of the total exports with an X% share, followed by Peru (X%) and the Dominican Republic (X%). Antigua and Barbuda (X tons) held a minor share of total exports.

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

In value terms, Chile ($X), Mexico ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Chile, with a CAGR of X%, recorded the highest growth rate of 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 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Export price indicated a resilient 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, gouges and chisels export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Antigua and Barbuda ($X per ton) was amongst the lowest.

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

Gouges And Chisels Imports

Imports in Latin America and the Caribbean

After two years of growth, supplies from abroad of planes, chisels and gouges for working wood decreased by X% to X tons in 2022. Total imports indicated a slight expansion 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, gouges and chisels imports fell to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Chile was the major importer of planes, chisels and gouges for working wood in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Brazil (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%), Bolivia (X%), Mexico (X%), Ecuador (X%), Colombia (X%) and Argentina (X%). The following importers - Jamaica (X tons), Guatemala (X tons), Honduras (X tons) and the Dominican Republic (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to gouges and chisels imports into Chile stood at X%. At the same time, Jamaica (X%), the Dominican Republic (X%), Bolivia (X%), Ecuador (X%), Argentina (X%), Honduras (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Jamaica emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Mexico and Peru experienced a relatively flat trend pattern. By contrast, Guatemala (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.), Jamaica (X p.p.), Bolivia (X p.p.) and Ecuador (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Peru (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gouges and chisels importing markets in Latin America and the Caribbean were Chile ($X), Mexico ($X) and Brazil ($X), with a combined X% share of total imports.

In terms of the main importing countries, Chile, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the import price, however, recorded a mild setback. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Bolivia ($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

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