MERCOSUR: Interchangeable Tool Market 2024

Interchangeable Tool Market Size in MERCOSUR

The MERCOSUR interchangeable tool market reduced to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Interchangeable Tool Production in MERCOSUR

In value terms, interchangeable tool production rose modestly 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 most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Interchangeable Tool Exports

Exports in MERCOSUR

In 2022, approx. X tons of interchangeable tools for hand tools were exported in MERCOSUR; rising by X% compared with the year before. Total exports indicated a measured 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, interchangeable tool exports soared to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil was the main exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Chile (X tons), committing a X% share of total exports. The following exporters - Peru (X tons), Argentina (X tons) and Colombia (X tons) - together made up X% of total exports.

Brazil was also the fastest-growing in terms of the interchangeable tools for hand tools exports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%) and Chile (X%) displayed positive paces of growth. Peru experienced a relatively flat trend pattern. By contrast, 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.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a noticeable slump. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

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

Interchangeable Tool Imports

Imports in MERCOSUR

Interchangeable tool imports reduced to X tons in 2022, falling by X% against the previous year's figure. Over the period under review, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, interchangeable tool imports shrank modestly to $X in 2022. In general, imports recorded a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) represented the key importer of interchangeable tools for hand tools, achieving X% of total imports. It was distantly followed by Chile (X tons), Argentina (X tons), Peru (X tons) and Colombia (X tons), together constituting a X% share of total imports. Ecuador (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight curtailment. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Colombia ($X per ton) and Ecuador ($X per ton), while Chile ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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