Latin America and the Caribbean: Market for Pneumatic Or Hydraulic Hand Tools 2025

Market Size for Pneumatic Or Hydraulic Hand Tools in Latin America and the Caribbean

The Latin American market for pneumatic or hydraulic hand tools rose notably to $X in 2021, with an increase of 13% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Pneumatic Or Hydraulic Hand Tools in Latin America and the Caribbean

In value terms, pneumatic or hydraulic hand tool production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 13%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports in Latin America and the Caribbean

In 2021, overseas shipments of pneumatic or hydraulic hand tools were finally on the rise to reach X tons after four years of decline. In general, exports, however, saw a relatively flat trend pattern. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool exports surged to $X in 2021. Overall, exports, however, continue to indicate a mild decrease. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil was the main exporting country with an export of about X tons, which reached 69% of total exports. It was distantly followed by Mexico (X tons), mixing up a 27% share of total exports.

Brazil was also the fastest-growing in terms of the pneumatic or hydraulic hand tools exports, with a CAGR of +6.3% from 2012 to 2021. Mexico (-8.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil increased by +31 percentage points.

In value terms, the largest pneumatic or hydraulic hand tool supplying countries in Latin America and the Caribbean were Brazil ($X) and Mexico ($X).

In terms of the main exporting countries, Brazil, with a CAGR of +5.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, increasing by 4.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 6.9%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+1.1%).

Imports of Pneumatic Or Hydraulic Hand Tools

Imports in Latin America and the Caribbean

In 2021, purchases abroad of pneumatic or hydraulic hand tools increased by 31% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

Imports by Country

The purchases of the six major importers of pneumatic or hydraulic hand tools, namely Brazil, Argentina, Mexico, Peru, Colombia and Chile, represented more than two-thirds of total import. Guatemala (X tons), Costa Rica (X tons), Ecuador (X tons), Panama (X tons), Uruguay (X tons) and Paraguay (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Guatemala (with a CAGR of +15.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 52% of total imports. These countries were followed by Chile, Peru, Colombia, Ecuador, Guatemala, Costa Rica, Paraguay, Panama and Uruguay, which together accounted for a further 38%.

Among the main importing countries, Panama, with a CAGR of +23.5%, recorded the highest rates of growth with regard to the value of imports, 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 ton, with an increase of 2.7% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. The level of import peaked 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 importing countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+7.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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