Brazil: Hedge Shear Market 2024

Hedge Shear Market Size in Brazil

The Brazilian hedge shear market rose sharply to $X in 2021, increasing by 6.9% against the previous year. Overall, consumption, however, showed a noticeable setback. Hedge shear consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Hedge Shear Production in Brazil

In value terms, hedge shear production expanded to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2018 with an increase of 23%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Hedge Shear Exports

Exports from Brazil

In 2021, overseas shipments of hedge shears and two-handed pruning shears increased by 10% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 23%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, hedge shear exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons), Bolivia (X tons) and Peru (X tons) were the main destinations of hedge shear exports from Brazil, together comprising 49% of total exports. These countries were followed by Argentina, Colombia, Uruguay, Paraguay, Ecuador, South Africa, the Dominican Republic, Kenya, the Philippines and Honduras, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +54.7%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) emerged as the key foreign market for hedge shears and two-handed pruning shears exports from Brazil, comprising 27% of total exports. The second position in the ranking was taken by Peru ($X), with a 14% share of total exports. It was followed by Bolivia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Chile stood at +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+6.9% per year) and Bolivia (+2.8% per year).

Export Prices by Country

In 2021, the average hedge shear export price amounted to $X per ton, with an increase of 15% against the previous year. Overall, the export price, however, continues to indicate a perceptible decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Ecuador ($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 Peru (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Hedge Shear Imports

Imports into Brazil

In 2021, after two years of decline, there was significant growth in purchases abroad of hedge shears and two-handed pruning shears, when their volume increased by 110% to X tons. Overall, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hedge shear imports soared to $X in 2021. In general, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of hedge shear imports to Brazil, with a combined 96% share of total imports. Hong Kong SAR lagged somewhat behind, accounting for a further 3.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +65.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hedge shear suppliers to Brazil were Vietnam ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 95% of total imports. These countries were followed by Hong Kong SAR, which accounted for a further 1.5%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +66.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average hedge shear import price amounted to $X per ton, jumping by 25% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 35%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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 2021, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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