MERCOSUR: Hand Tools Market 2024

Hand Tools Market Size in MERCOSUR

The MERCOSUR hand tools market dropped modestly to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a slight setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hand Tools Production in MERCOSUR

In value terms, hand tools production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hand Tools Exports

Exports in MERCOSUR

In 2022, the amount of hand tools exported in MERCOSUR contracted slightly to X tons, with a decrease of X% on 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank slightly in the following year.

In value terms, hand tools exports expanded remarkably to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Brazil represented the key exporter of hand tools in MERCOSUR, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by Colombia (X tons), achieving a X% share of total exports. Argentina (X tons) and Chile (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hand tools exports from Brazil stood at X%. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) and Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest hand tools supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by Chile, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, continues to indicate a slight contraction. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 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 Colombia (X%), while the other leaders experienced a decline in the export price figures.

Hand Tools Imports

Imports in MERCOSUR

In 2022, imports of hand tools in MERCOSUR reduced to X tons, declining by X% against the previous year's figure. 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 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, hand tools imports stood at $X in 2022. Total imports indicated a mild 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of hand tools imports in 2022 were Brazil (X tons), Chile (X tons), Colombia (X tons), Peru (X tons), Argentina (X tons) and Ecuador (X tons), together amounting to X% of total import. Paraguay (X tons) followed a long way behind the leaders.

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

In value terms, the largest hand tools importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Colombia ($X), together accounting for X% of total imports. Peru, Argentina, Ecuador and Paraguay lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Argentina, with a CAGR of X%, saw the highest growth rate of 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 MERCOSUR stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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