Brazil: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Brazil

In 2021, the Brazilian market for pneumatic or hydraulic hand tools decreased by -1.9% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Brazil

In value terms, pneumatic or hydraulic hand tool production expanded slightly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 58% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Brazil

In 2021, approx. X tons of pneumatic or hydraulic hand tools were exported from Brazil; picking up by 55% against the year before. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% 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 +104.8% against 2013 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool exports skyrocketed to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.1% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Colombia (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Brazil, with a 18% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Colombia exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was taken by Peru (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia amounted to +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+15.6% per year) and Peru (+10.5% per year).

In value terms, Colombia ($X), Mexico ($X) and Peru ($X) constituted the largest markets for pneumatic or hydraulic hand tool exported from Brazil worldwide, together accounting for 31% of total exports. These countries were followed by South Africa, India, Argentina, Paraguay, China, Guatemala, Chile, Ecuador, Singapore and Bolivia, which together accounted for a further 40%.

Among the main countries of destination, India, with a CAGR of +39.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for pneumatic or hydraulic hand tools amounted to $X per ton, increasing by 1.7% against the previous year. Overall, the export price, however, saw a slight setback. The most prominent rate of growth was recorded in 2017 an increase of 4.2% against the previous year. Over the period under review, the average export prices attained the peak figure 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 China ($X per ton), while the average price for exports to Paraguay ($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 China (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Brazil

In 2021, the amount of pneumatic or hydraulic hand tools imported into Brazil surged to X tons, rising by 23% against 2020 figures. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +150.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 51% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main pneumatic or hydraulic hand tool supplier to Brazil, accounting for a 93% share of total imports. It was followed by the United States (X tons), with a 1.6% share of total imports. Germany (X tons) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.8% per year) and Germany (-4.0% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Brazil, comprising 70% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.6% share of total imports. It was followed by Germany, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.6% per year) and Germany (-2.8% per year).

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, declining by -4.2% against the previous year. In general, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 a decrease of -0.6%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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