Brazil: Files And Rasps Market 2024

Files And Rasps Market Size in Brazil

The Brazilian files and rasps market reduced to $X in 2022, declining by -10.3% against the previous year. Over the period under review, consumption recorded a pronounced shrinkage. Files and rasps consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Files And Rasps Production in Brazil

In value terms, files and rasps production dropped to $X in 2022 estimated in export price. In general, production showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Files And Rasps Exports

Exports from Brazil

After two years of growth, overseas shipments of files, rasps and similar tools decreased by -0.9% to X units in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, files and rasps exports surged to $X in 2022. Overall, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. 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

The United States (X units) was the main destination for files and rasps exports from Brazil, with a 73% share of total exports. Moreover, files and rasps exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold. Paraguay (X units) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+4.8% per year) and Paraguay (+0.2% per year).

In value terms, the United States ($X) remains the key foreign market for files, rasps and similar tools exports from Brazil, comprising 69% of total exports. The second position in the ranking was taken by Colombia ($X), with a 5.5% share of total exports. It was followed by Paraguay, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+2.2% per year) and Paraguay (-2.9% per year).

Export Prices by Country

The average files and rasps export price stood at $X per unit in 2022, with an increase of 24% against the previous year. In general, the export price, however, saw a perceptible descent. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.1%), while the prices for the other major destinations experienced a decline.

Files And Rasps Imports

Imports into Brazil

In 2022, the amount of files, rasps and similar tools imported into Brazil reduced to X units, waning by -8.5% compared with the year before. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then declined in the following year.

In value terms, files and rasps imports reduced to $X in 2022. In general, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +112.6% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

China (X units), Portugal (X units) and India (X units) were the main suppliers of files and rasps imports to Brazil, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +13.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest files and rasps suppliers to Brazil were Portugal ($X), China ($X) and Switzerland ($X), together comprising 68% of total imports.

Portugal, with a CAGR of +13.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average files and rasps import price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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