Report Latin America and the Caribbean - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Latin America and the Caribbean - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Interchangeable Spanner Socket Market 2025

Interchangeable Spanner Socket Market Size in Latin America and the Caribbean

In 2022, the Latin American interchangeable spanner socket market increased by 3.3% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +52.6% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Interchangeable Spanner Socket Production in Latin America and the Caribbean

In value terms, interchangeable spanner socket production dropped to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.7% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 55%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Interchangeable Spanner Socket Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of interchangeable spanner sockets increased by 19% to X tons, rising for the second consecutive year after eight years of decline. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 116% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, interchangeable spanner socket exports rose significantly to $X in 2022. Total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +129.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Mexico represented the key exporting country with an export of around X tons, which accounted for 69% of total exports. It was distantly followed by Brazil (X tons), committing a 19% share of total exports. Guatemala (X tons), Chile (X tons) and Panama (X tons) took a relatively small share of total exports.

Exports from Mexico increased at an average annual rate of +3.0% from 2012 to 2022. At the same time, Guatemala (+40.0%) and Chile (+25.2%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +40.0% from 2012-2022. By contrast, Brazil (-1.4%) and Panama (-17.0%) illustrated a downward trend over the same period. While the share of Mexico (+18 p.p.), Guatemala (+3.1 p.p.) and Chile (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-2.8 p.p.) and Panama (-12.1 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest interchangeable spanner socket supplier in Latin America and the Caribbean, comprising 75% of total exports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total exports. It was followed by Chile, with a 3.2% share.

In Mexico, interchangeable spanner socket exports increased at an average annual rate of +8.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-1.6% per year) and Chile (+4.9% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, shrinking by -11.5% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, interchangeable spanner socket export price decreased by -23.1% against 2018 indices. The growth pace was the most rapid in 2017 an increase of 26%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Interchangeable Spanner Socket Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of interchangeable spanner sockets increased by 3.4% to X tons, rising for the second year in a row after two years of decline. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +68.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 63%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, interchangeable spanner socket imports rose notably to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +77.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 62%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Mexico (X tons) and Brazil (X tons) represented roughly 54% of total imports in 2022. Argentina (X tons) took the next position in the ranking, followed by Chile (X tons). All these countries together took approx. 18% share of total imports. Peru (X tons), Colombia (X tons), Bolivia (X tons), Ecuador (X tons), Guatemala (X tons), the Dominican Republic (X tons), Costa Rica (X tons), Honduras (X tons) and El Salvador (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest interchangeable spanner socket importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together comprising 64% of total imports. Argentina, Peru, Guatemala, Colombia, Ecuador, Costa Rica, the Dominican Republic, El Salvador, Bolivia and Honduras lagged somewhat behind, together comprising a further 29%.

Guatemala, with a CAGR of +14.5%, saw the highest rates of growth with regard to 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, rising by 5.4% against the previous year. In general, the import price, however, showed a noticeable decline. The pace of growth was the most pronounced in 2019 an increase of 6.1% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Mexico remains the largest interchangeable spanner socket consuming country in Latin America and the Caribbean, accounting for 43% of total volume. Moreover, interchangeable spanner socket consumption in Mexico exceeded the figures recorded by the second-largest consumer, Brazil, twofold. The third position in this ranking was occupied by Chile, with an 8.4% share.
Mexico constituted the country with the largest volume of interchangeable spanner socket production, comprising approx. 88% of total volume. Moreover, interchangeable spanner socket production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic, tenfold.
In value terms, Mexico remains the largest interchangeable spanner socket supplier in Latin America and the Caribbean, comprising 67% of total exports. The second position in the ranking was occupied by Brazil, with a 17% share of total exports. It was followed by Argentina, with a 9.6% share.
In value terms, the largest interchangeable spanner socket importing markets in Latin America and the Caribbean were Mexico, Brazil and Chile, together accounting for 67% of total imports. These countries were followed by Peru, Argentina, Ecuador, Colombia, Guatemala, Costa Rica and Bolivia, which together accounted for a further 23%.
The interchangeable spanner socket export price in Latin America and the Caribbean stood at $10,849 per ton in 2021, increasing by 11% against the previous year.
In 2021, the interchangeable spanner socket import price in Latin America and the Caribbean amounted to $7,304 per ton, with an increase of 1.9% against the previous year.

This report provides an in-depth analysis of the interchangeable spanner socket market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25733037 - Interchangeable spanner sockets

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Latin America and the Caribbean, split by region and country
  • Trade (exports and imports) in Latin America and the Caribbean
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Anguilla
    • Antigua and Barbuda
    • Argentina
    • Aruba
    • Bahamas
    • Barbados
    • Belize
    • Bolivia
    • Brazil
    • British Virgin Islands
    • Cayman Islands
    • Chile
    • Colombia
    • Costa Rica
    • Cuba
    • Curacao
    • Dominica
    • Dominican Republic
    • Ecuador
    • El Salvador
    • Falkland Islands (Malvinas)
    • French Guiana
    • Grenada
    • Guadeloupe
    • Guatemala
    • Guyana
    • Haiti
    • Honduras
    • Jamaica
    • Martinique
    • Mexico
    • Montserrat
    • Nicaragua
    • Panama
    • Paraguay
    • Peru
    • Saint Kitts and Nevis
    • Saint Lucia
    • Saint Vincent and the Grenadines
    • Saint Maarten (Dutch part)
    • Suriname
    • Trinidad and Tobago
    • Turks and Caicos Islands
    • United States Virgin Islands
    • Uruguay
    • Venezuela
    • Puerto Rico
  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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