MERCOSUR: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in MERCOSUR

The MERCOSUR market for pneumatic or hydraulic hand tools expanded slightly to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2014; afterwards, it flattened through to 2023.

Production of Pneumatic Or Hydraulic Hand Tools in MERCOSUR

In value terms, pneumatic or hydraulic hand tool production declined modestly to $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports in MERCOSUR

In 2023, overseas shipments of pneumatic or hydraulic hand tools decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Total exports indicated a temperate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2022, and then declined dramatically in the following year.

In value terms, pneumatic or hydraulic hand tool exports declined markedly to $X in 2023. Overall, exports, however, showed a tangible increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then shrank notably in the following year.

Exports by Country

Brazil dominates exports structure, resulting at X units, which was near X% of total exports in 2023. Chile (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to pneumatic or hydraulic hand tool 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 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest pneumatic or hydraulic hand tool supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Brazil amounted to X%.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Chile stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%).

Imports of Pneumatic Or Hydraulic Hand Tools

Imports in MERCOSUR

Pneumatic or hydraulic hand tool imports expanded sharply to X units in 2023, growing by X% against the year before. Over the period under review, imports saw a strong expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked in 2023 and is likely to continue growth in years to come.

In value terms, pneumatic or hydraulic hand tool imports shrank to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then reduced in the following year.

Imports by Country

In 2023, Brazil (X units) and Chile (X units) were the key importers of pneumatic or hydraulic hand tools in MERCOSUR, together amounting to approx. X% of total imports. Argentina (X units) took the next position in the ranking, followed by Colombia (X units) and Peru (X units). All these countries together held near X% share of total imports. Ecuador (X units) and Uruguay (X units) held a relatively small share of total imports.

From 2012 to 2023, 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 pneumatic or hydraulic hand tool importing markets in MERCOSUR were Brazil ($X), Colombia ($X) and Argentina ($X), together comprising X% of total imports.

Colombia, with a CAGR of X%, saw 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 2023, the import price in MERCOSUR amounted to $X per unit, which is down by X% against the previous year. In general, the import price recorded a abrupt descent. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform