Brazil: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Brazil

The Brazilian non-electric motor handtools market rose rapidly to $X in 2022, increasing by 12% 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 showed prominent growth. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Non-Electric Motor Handtools Exports

Exports from Brazil

For the third consecutive year, Brazil recorded growth in overseas shipments of handtools, hydraulic or with a self-contained non-electric motor, which increased by 11% to X units in 2022. Overall, exports posted a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 41%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, non-electric motor handtools exports soared to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The growth pace was the most rapid in 2021 when exports increased by 42% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Colombia (X units) was the main destination for non-electric motor handtools exports from Brazil, accounting for a 30% share of total exports. Moreover, non-electric motor handtools exports to Colombia exceeded the volume sent to the second major destination, Mexico (X units), threefold. Argentina (X units) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia totaled +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+21.8% per year) and Argentina (-2.9% per year).

In value terms, Colombia ($X) remains the key foreign market for handtools, hydraulic or with a self-contained non-electric motor exports from Brazil, comprising 28% of total exports. The second position in the ranking was held by Mexico ($X), with a 12% share of total exports. It was followed by Argentina, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+23.3% per year) and Argentina (+0.5% per year).

Export Prices by Country

In 2022, the average non-electric motor handtools export price amounted to $X per unit, with an increase of 10% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($X per unit) and Guyana ($X per unit), while the average price for exports to Paraguay ($X per unit) and Colombia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Brazil

In 2022, imports of handtools, hydraulic or with a self-contained non-electric motor into Brazil expanded significantly to X units, increasing by 9.9% on the previous year's figure. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 68%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, non-electric motor handtools imports expanded remarkably to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +84.8% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by 30% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of non-electric motor handtools to Brazil, accounting for a 96% share of total imports. It was followed by the United States (X units), with a 1.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.9% per year) and Japan (-31.7% per year).

In value terms, China ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Brazil, comprising 67% of total imports. The second position in the ranking was held by the United States ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.1% per year) and Japan (-32.5% per year).

Import Prices by Country

The average non-electric motor handtools import price stood at $X per unit in 2022, surging by 4.3% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 21% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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