Brazil: Hand Tools Market 2025

Hand Tools Market Size in Brazil

In 2021, after two years of decline, there was growth in the Brazilian hand tools market, when its value increased by 2.8% to $X. Over the period under review, consumption showed a perceptible slump. Hand tools consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hand Tools Production in Brazil

In value terms, hand tools production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable setback. The pace of growth was the most pronounced in 2014 with an increase of 6.9%. Hand tools production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hand Tools Exports

Exports from Brazil

In 2021, overseas shipments of hand tools increased by 65% to X tons, rising for the third year in a row after two years of decline. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.9% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand tools exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for hand tools exports from Brazil, with a 34% share of total exports. Moreover, hand tools exports to the United States exceeded the volume sent to the second major destination, Peru (X tons), twofold. The third position in this ranking was taken by Bolivia (X tons), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+6.5% per year) and Bolivia (+3.6% per year).

In value terms, the United States ($X) remains the key foreign market for hand tools exports from Brazil, comprising 26% of total exports. The second position in the ranking was taken by Peru ($X), with a 9.9% share of total exports. It was followed by Bolivia, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+3.5% per year) and Bolivia (+0.8% per year).

Export Prices by Country

In 2021, the average hand tools export price amounted to $X per ton, dropping by -4.4% against the previous year. Overall, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 4.5%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Saint Lucia ($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 Argentina (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Brazil

In 2021, approx. X tons of hand tools were imported into Brazil; increasing by 32% on 2020. In general, total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.8% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hand tools imports soared to $X in 2021. Over the period under review, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hand tools to Brazil, accounting for a 74% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.3% per year) and Taiwan (Chinese) (-6.9% per year).

In value terms, China ($X) constituted the largest supplier of hand tools to Brazil, comprising 58% of total imports. The second position in the ranking was taken by India ($X), with a 7.2% share of total imports. It was followed by Taiwan (Chinese), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.3% per year) and Taiwan (Chinese) (-3.9% per year).

Import Prices by Country

In 2021, the average hand tools import price amounted to $X per ton, surging by 12% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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