Brazil: Market for Hand-Operated Drilling, Threading or Tapping Tools 2024

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Brazil

The Brazilian market for hand-operated drilling, threading or tapping tools skyrocketed to $X in 2022, increasing by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a perceptible reduction. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from Brazil

In 2022, approx. X tons of hand-operated drilling, threading or tapping tools were exported from Brazil; shrinking by -31.2% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of hand-operated drilling, threading or tapping tools declined remarkably to $X in 2022. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons) was the main destination for exports of hand-operated drilling, threading or tapping tools from Brazil, with a 63% share of total exports. Moreover, exports of hand-operated drilling, threading or tapping tools to Paraguay exceeded the volume sent to the second major destination, Uruguay (X kg), fivefold. Bolivia (X kg) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay totaled -10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-14.6% per year) and Bolivia (-12.9% per year).

In value terms, Paraguay ($X) remains the key foreign market for hand-operated drilling, threading or tapping tools exports from Brazil, comprising 53% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 13% share of total exports. It was followed by Bolivia, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value to Paraguay amounted to -13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-15.9% per year) and Bolivia (-16.4% per year).

Export Prices by Country

The average export price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, flattening at the previous year. Overall, the export price, however, recorded a slight slump. The most prominent rate of growth was recorded in 2019 an increase of 30%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into Brazil

In 2022, the amount of hand-operated drilling, threading or tapping tools imported into Brazil skyrocketed to X tons, growing by 32% compared with 2021. Overall, imports, however, saw a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of 108%. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of hand-operated drilling, threading or tapping tools skyrocketed to $X in 2022. Over the period under review, imports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2014 when imports increased by 48%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest hand-operated drilling, threading or tapping tool supplier to Brazil, accounting for a 86% share of total imports. Moreover, imports of hand-operated drilling, threading or tapping tools from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold. The third position in this ranking was taken by Spain (X tons), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-4.8% per year) and Spain (-16.0% per year).

In value terms, China ($X) constituted the largest supplier of hand-operated drilling, threading or tapping tools to Brazil, comprising 62% of total imports. The second position in the ranking was held by the United States ($X), with an 8.7% share of total imports. It was followed by Spain, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.7% per year) and Spain (-13.2% per year).

Import Prices by Country

The average import price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, growing by 9.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 51%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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