Latin America and the Caribbean: Diamonded Boring Tools Market 2020

Diamonded Boring Tools Market Size in Latin America and the Caribbean

The revenue of the diamonded boring tools market in Latin America and the Caribbean amounted to $X in 2017, surging by X% against the previous year. The total market indicated a strong expansion from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the diamonded boring tools consumption increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2016, when market value increased by X% against the previous year. The level of diamonded boring tools consumption peaked in 2017, and is likely to see steady growth in the near future.

Diamonded Boring Tools Production in Latin America and the Caribbean

In 2017, production of boring or broaching tools with working part of diamond in Latin America and the Caribbean amounted to X units, reducing by -X% against the previous year. The diamonded boring tools production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, when the output figure increased by X% year-to-year. The volume of diamonded boring tools production peaked of X units in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Diamonded Boring Tools Exports in Latin America and the Caribbean

In 2017, diamonded boring tools exports in Latin America and the Caribbean totaled X units, dropping by -X% against the previous year. The diamonded boring tools exports continue to indicate a strong growth. The growth pace was the most rapid in 2011, with an increase of X% y-o-y. Over the period under review, the diamonded boring tools exports attained its maximum volume of X units in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, diamonded boring tools exports totaled $X in 2017. The diamonded boring tools exports continue to indicate a strong expansion. Over the period under review, the diamonded boring tools exports reached its maximum level of $X in 2016, and then declined slightly in the following year.

Diamonded Boring Tools Exports by Country in Latin America and the Caribbean

In 2017, Mexico (X units) was the major exporter for boring or broaching tools with working part of diamond, mixed up X% of total exports. Brazil (X units) took a X% share (based on tons) of total exports, which put it in second place, followed by Peru (X%). Ecuador (X units) took the slight share of total exports.

Exports from Mexico increased at an average annual rate of +X% from 2007 to 2017. At the same time, Ecuador (+X%) and Peru (+X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Brazil (-X%) illustrated a downward trend over the same period. Brazil (X%) significantly strengthened its position in terms of the global exports, while Ecuador, Peru and Mexico saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively.

In value terms, Mexico ($X), Brazil ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports. These countries were followed by Ecuador, which accounted for a further X%.

In terms of the main exporting countries , Ecuador (+X% per year) recorded the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Diamonded Boring Tools Export Prices by Country in Latin America and the Caribbean

In 2017, the diamonded boring tools export price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. The export price indicated a prominent expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the diamonded boring tools export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2016, an increase of X% against the previous year. Over the period under review, the export prices for boring or broaching tools with working part of diamond reached its maximum level in 2017, and is likely to see steady growth in the near future.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Brazil ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

Diamonded Boring Tools Imports in Latin America and the Caribbean

The imports totaled X units in 2017, rising by X% against the previous year. The total imports indicated a remarkable growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2012, when it surged by X% y-o-y. In that year, the diamonded boring tools imports attained their peak volume of X units. From 2013 to 2017, growth of the diamonded boring tools imports failed to regain its momentum.

In value terms, diamonded boring tools imports stood at $X in 2017. The total imports indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The level of imports peaked in 2017, and are expected to retain its growth in the near future.

Diamonded Boring Tools Imports by Country in Latin America and the Caribbean

Mexico prevails in diamonded boring tools imports structure, resulting at X units, which was approx. X% of total imports in 2017. Brazil (X units) ranks second in terms of the global imports with a X% share, followed by Argentina (X%) and Peru (X%). The following importers - Colombia (X units) and Chile (X units) each reached a X% share of total imports.

Mexico was also the fastest growing in terms of the boring or broaching tools with working part of diamond imports, with a CAGR of +X% from 2007 to 2017. At the same time, Colombia (+X%), Argentina (+X%), Peru (+X%) and Chile (+X%) displayed positive paces of growth. By contrast, Brazil (-X%) illustrated a downward trend over the same period. While the share of Peru (-X%), Argentina (-X%) and Mexico (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported boring or broaching tools with working part of diamond in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of global imports. It was followed by Brazil, with a X% share.

In Mexico, diamonded boring tools imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and Brazil (-X% per year).

Diamonded Boring Tools Import Prices by Country in Latin America and the Caribbean

In 2017, the diamonded boring tools import price in Latin America and the Caribbean amounted to $X per unit, shrinking by -X% against the previous year. The import price indicated a temperate expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015, when the import prices increased by X% year-to-year. Over the period under review, the import prices for boring or broaching tools with working part of diamond reached its maximum level of $X per unit in 2016, and then declined slightly in the following year.

Import prices varied noticeably by the country of destination; the country with the highest import price was Mexico ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Chile (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform