Latin America and the Caribbean: Screwdriver Market 2025

Screwdriver Market Size in Latin America and the Caribbean

The Latin American screwdriver market surged to $X in 2021, increasing by 20% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Screwdriver Production in Latin America and the Caribbean

In value terms, screwdriver production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 20%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Screwdriver Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of screwdrivers decreased by -6.8% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 9.5% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, screwdriver exports contracted to $X in 2021. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of 9% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Brazil (X tons) and Mexico (X tons) represented the main exporters of screwdrivers in Latin America and the Caribbean, together comprising 70% of total exports. Panama (X tons) took the next position in the ranking, followed by Chile (X tons). All these countries together held near 22% share of total exports. Argentina (X tons) and El Salvador (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +50.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X) remains the largest screwdriver supplier in Latin America and the Caribbean, comprising 57% of total exports. The second position in the ranking was taken by Brazil ($X), with a 22% share of total exports. It was followed by Chile, with a 12% share.

In Mexico, screwdriver exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (-4.2% per year) and Chile (+25.8% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, waning by -5.7% against the previous year. In general, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 59%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+6.2%), while the other leaders experienced a decline in the export price figures.

Screwdriver Imports

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of screwdrivers was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, screwdriver imports soared to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Chile (X tons) and Brazil (X tons) were the key importers of screwdrivers in Latin America and the Caribbean, together constituting 39% of total imports. Mexico (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Peru (7.3%), Colombia (7%), Bolivia (7%) and Ecuador (4.8%). The following importers - Argentina (X tons), Guatemala (X tons), Honduras (X tons), El Salvador (X tons) and Costa Rica (X tons) - together made up 14% of total imports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported screwdrivers in Latin America and the Caribbean, comprising 31% of total imports. The second position in the ranking was taken by Chile ($X), with a 15% share of total imports. It was followed by Brazil, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico stood at +3.9%. In the other countries, the average annual rates were as follows: Chile (+4.4% per year) and Brazil (-1.8% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, waning by -5.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 9.3%. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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