Latin America and the Caribbean: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Latin America and the Caribbean

In 2021, the Latin American market for in-hand motor grinders, sanders and planers decreased by -3.5% to $X, falling for the third year in a row after two years of growth. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of In-Hand Motor Grinders, Sanders And Planers in Latin America and the Caribbean

In value terms, production of in-hand motor grinders, sanders and planers amounted to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.7% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 38%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in Latin America and the Caribbean

In 2021, shipments abroad of in-hand motor grinders, sanders and planers increased by 124% to X units, rising for the second consecutive year after six years of decline. In general, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Over the period under review, exports saw a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 47% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

Mexico dominates planers structure, recording X units, which was near 94% of total exports in 2021. Brazil (X units) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of +10.5% from 2012 to 2021. At the same time, Brazil (+11.2%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +11.2% from 2012-2021. From 2012 to 2021, the share of Mexico increased by +5.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest electromechanical tools for working in the hand, with self-contained electric motor supplier in Latin America and the Caribbean, comprising 94% of total exports. The second position in the ranking was held by Brazil ($X), with a 3.2% share of total exports.

In Mexico, exports of in-hand motor grinders, sanders and planers expanded at an average annual rate of +15.3% over the period from 2012-2021.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, declining by -35.3% against the previous year. In general, the export price, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2015 an increase of 78% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per unit), while Brazil totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.3%).

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports in Latin America and the Caribbean

In 2021, approx. X units of in-hand motor grinders, sanders and planers were imported in Latin America and the Caribbean; jumping by 61% compared with the previous year. Overall, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value 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, imports increased by +63.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X units), Mexico (X units), Chile (X units) and Argentina (X units) represented roughly 76% of total imports in 2021. Peru (X units) ranks next in terms of the total imports with a 5.6% share, followed by Bolivia (5%) and Colombia (4.8%).

From 2012 to 2021, the biggest increases were in Bolivia (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Chile ($X), with a combined 64% share of total imports.

Chile, with a CAGR of +13.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, shrinking by -4.7% against the previous year. Over the period under review, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2013 when the import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+2.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :