MERCOSUR: Garden Tool Market 2024

Garden Tool Market Size in MERCOSUR

The MERCOSUR garden tool market declined to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Garden Tool Production in MERCOSUR

In value terms, garden tool production dropped to $X in 2022 estimated in export price. In general, production showed a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Garden Tool Exports

Exports in MERCOSUR

In 2022, shipments abroad of garden tools increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, garden tool exports surged to $X in 2022. Over the period under review, exports saw a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Brazil (X tons) represented the largest exporter of garden tools in MERCOSUR, making up X% of total export.

Brazil was also the fastest-growing in terms of the garden tools exports, with a CAGR of X% from 2012 to 2022. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest garden tool supplier in MERCOSUR.

In Brazil, garden tool exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, showed a noticeable downturn. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Garden Tool Imports

Imports in MERCOSUR

Garden tool imports reduced to X tons in 2022, dropping by X% compared with the previous year's figure. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, garden tool imports reduced modestly to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Colombia (X tons), Chile (X tons), Peru (X tons) and Brazil (X tons) represented roughly X% of total imports in 2022. Suriname (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (X%), Guyana (X%) and Argentina (X%).

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

In value terms, Colombia ($X), Chile ($X) and Peru ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Brazil, Ecuador, Argentina, Suriname and Guyana lagged somewhat behind, together comprising a further X%.

Guyana, with a CAGR of X%, recorded 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 MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Argentina ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform