Brazil: Metal Hammer Market 2024

Metal Hammer Market Size in Brazil

The Brazilian metal hammer market fell to $X in 2022, waning by -6.4% against the previous year. Over the period under review, consumption saw a abrupt curtailment. Metal hammer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Hammer Production in Brazil

In value terms, metal hammer production shrank to $X in 2022 estimated in export price. Overall, production showed a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Metal hammer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Hammer Exports

Exports from Brazil

In 2022, approx. X tons of hammers and sledge hammers with working part of metal were exported from Brazil; reducing by -18% against the previous year. In general, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +39.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 70% against the previous year. As a result, the exports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, metal hammer exports dropped to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 75% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Peru (X tons), Bolivia (X tons) and Saudi Arabia (X tons) were the main destinations of metal hammer exports from Brazil, with a combined 66% share of total exports. Paraguay, Mexico, Colombia, the Dominican Republic, Uruguay, Argentina and Guatemala lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +53.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal hammer exported from Brazil were Peru ($X), Bolivia ($X) and Saudi Arabia ($X), with a combined 64% share of total exports. Paraguay, the Dominican Republic, Mexico, Argentina, Uruguay, Colombia and Guatemala lagged somewhat behind, together accounting for a further 27%.

Mexico, with a CAGR of +35.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal hammer export price stood at $X per ton in 2022, rising by 7.4% against the previous year. Over the period under review, the export price, however, recorded a perceptible downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Colombia ($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 Saint Lucia (-1.7%), while the prices for the other major destinations experienced a decline.

Metal Hammer Imports

Imports into Brazil

After five years of growth, overseas purchases of hammers and sledge hammers with working part of metal decreased by -23% to X tons in 2022. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal hammer imports fell to $X in 2022. In general, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 57%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main metal hammer supplier to Brazil, accounting for a 96% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.8% per year) and Hong Kong SAR (-23.7% per year).

In value terms, China ($X) constituted the largest supplier of hammers and sledge hammers with working part of metal to Brazil, comprising 84% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-5.9% per year) and Hong Kong SAR (-23.2% per year).

Import Prices by Country

The average metal hammer import price stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2021 an increase of 43%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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