Report Update Nov 1, 2024

Argentina - Interchangeable Tools for Hand Tools - Market Analysis, Forecast, Size, Trends and Insights

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Argentina: Interchangeable Tool Market 2024

Interchangeable Tool Market Size in Argentina

In 2021, the Argentinian interchangeable tool market was finally on the rise to reach $X after two years of decline. Overall, consumption saw a moderate increase. Interchangeable tool consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Interchangeable Tool Exports

Exports from Argentina

For the third year in a row, Argentina recorded decline in overseas shipments of interchangeable tools for hand tools, which decreased by -98.9% to X tons in 2021. Over the period under review, exports faced a dramatic curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 109% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, interchangeable tool exports reduced dramatically to $X in 2021. In general, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Chile (X tons) and Mexico (X kg) were the main destinations of interchangeable tool exports from Argentina, together accounting for 74% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of -21.3%), while the other leaders experienced a decline.

In value terms, the United States ($X) emerged as the key foreign market for interchangeable tools for hand tools exports from Argentina, comprising 82% of total exports. The second position in the ranking was held by Mexico ($X), with a 4.7% share of total exports. It was followed by Colombia, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-29.8% per year) and Colombia (-32.1% per year).

Export Prices by Country

In 2021, the average interchangeable tool export price amounted to $X per ton, jumping by 203% against the previous year. Overall, the export price posted a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Interchangeable Tool Imports

Imports into Argentina

In 2021, after two years of decline, there was significant growth in overseas purchases of interchangeable tools for hand tools, when their volume increased by 81% to X tons. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, interchangeable tool imports surged to $X in 2021. Overall, imports, however, continue to indicate a mild reduction. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Brazil (X tons) and Spain (X tons) were the main suppliers of interchangeable tool imports to Argentina, together comprising 71% of total imports. These countries were followed by South Korea, Thailand, Taiwan (Chinese), the United States and Japan, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +98.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest interchangeable tool suppliers to Argentina were Brazil ($X), the United States ($X) and China ($X), with a combined 60% share of total imports. These countries were followed by South Korea, Taiwan (Chinese), Thailand, Spain and Japan, which together accounted for a further 12%.

In terms of the main suppliers, Thailand, with a CAGR of +70.7%, 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 average interchangeable tool import price stood at $X per ton in 2021, which is down by -2.1% against the previous year. Overall, the import price recorded a mild decrease. The pace of growth appeared the most rapid in 2019 an increase of 46%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for interchangeable tools for hand tools in the world?

China constituted the country with the largest volume of interchangeable tool consumption, comprising approx. 30% of total volume. Moreover, interchangeable tool consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Germany ranked third in terms of total consumption with a 10% share.

What are the largest producers of interchangeable tools for hand tools in the world?

China remains the largest interchangeable tool producing country worldwide, accounting for 43% of total volume. Moreover, interchangeable tool production in China exceeded the figures recorded by the second-largest producer, Germany, fourfold. South Korea ranked third in terms of total production with a 7.7% share.

What are the leading suppliers of interchangeable tools for hand tools to Argentina?

In value terms, the largest interchangeable tool suppliers to Argentina were China, the United States and Brazil, together accounting for 60% of total imports. Italy, Sweden, India, Taiwan Chinese) and South Korea lagged somewhat behind, together comprising a further 17%.

What are the leading importers of interchangeable tools for hand tools from Argentina?

In value terms, the largest markets for interchangeable tool exported from Argentina were Brazil, the United States and Chile, with a combined 91% share of total exports.

What is the average export price for interchangeable tools for hand tools in Argentina?

In 2020, the average interchangeable tool export price amounted to $14,460 per ton, increasing by 7.4% against the previous year.

What is the average import price for interchangeable tools for hand tools in Argentina?

In 2020, the average interchangeable tool import price amounted to $20,888 per ton, which is down by -14.4% against the previous year.

This report provides an in-depth analysis of the interchangeable tool market in Argentina. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25734014 - Tapping tools for working metal
Prodcom 25734016 - Threading tools for working metal
Prodcom 25734019 - Tapping or threading tools (excluding work and tool holders for machines or hand tools, for working metal)
Prodcom 25734023 - Drilling tools with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for rock drilling)
Prodcom 25734025 - Masonry drills with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for rock drilling)
Prodcom 25734027 - Drilling tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
Prodcom 25734031 - Drilling tools with working part of high speed steel, for working metal excluding work and tool holders for machines or hand tools - for rock drilling
Prodcom 25734033 - Drilling tools with working part of materials other than diamond, agglomerated diamond or sintered metal carbide, f or working metal excluding with working part of high speed steel
Prodcom 25734035 - Drilling tools (excluding work and tool holders for machines or hand tools, with working part of diamond or agglomerated diamond, for rock drilling, masonry drills, for working metal)
Prodcom 25734037 - Boring or broaching tools with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for earth boring)
Prodcom 25734044 - Boring tools for working metal, with working part of materials other than diamond or agglomerated diamond
Prodcom 25734045 - Boring or broaching tools (excluding work and tool holders for machines or hand tools, with diamond or agglomerated diamond working parts, for working metal, for earth boring)
Prodcom 25734048 - Broaching tools for working metal, with working part of materials other than diamond or agglomerated diamond
Prodcom 25734050 - Milling tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
Prodcom 25734061 - Shank type milling tools for working metal (excluding with working part of sintered metal carbide)
Prodcom 25734065 -
Prodcom 25734067 -
Prodcom 25734069 - Milling tools (excluding for working metal)
Prodcom 25734071 - Turning tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
Prodcom 25734074 - Turning tools for working metal, with working part of materials other than cermets
Prodcom 25734079 - Turning tools (excluding work and tool holders for machines or hand tools, for working metal)
Prodcom 25734081 - Other interchangeable tools of CN .82.07 with working part of diamond
Prodcom 25734083 - Screwdriver bits with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
Prodcom 25734085 - Gear-cutting tools with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
Prodcom 25734087 - Interchangeable hand tools with working part of sintered metal carbide excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
Prodcom 25734089 - Interchangeable tools in other materials
Prodcom 25736013 - Rock drilling or earth boring tools with working part of cermets
Prodcom 25736018 - Rock-drilling or earth-boring tools, interchangeable, and parts therefor, with working parts of materials other than sintered metal carbide or cermets
Prodcom 25736023 - Dies for drawing or extruding metal, with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
Prodcom 25736024 - Dies for drawing or extruding metal (excluding unmounted plates, sticks, tips, rods, pellets, rings, etc. of sintered metal carbides or cermets)
Prodcom 25736033 - Pressing, stamping or punching tools for working metal (excluding work and tool holders for machines or hand tools)
Prodcom 25736039 - Pressing, stamping or punching tools (excluding work and tool holders for machines or hand tools, for working metal)

Country coverage:

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023