MERCOSUR: Hand Sieve Market 2024

Hand Sieve Market Size in MERCOSUR

In 2022, after two years of growth, there was significant decline in the MERCOSUR hand sieve market, when its value decreased by -17.4% to $X. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +71.5% against 2016 indices. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Hand Sieve Production in MERCOSUR

In value terms, hand sieve production shrank markedly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 396% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Hand Sieve Exports

Exports in MERCOSUR

After three years of growth, shipments abroad of hand sieves and hand riddles decreased by -36% to X units in 2022. Over the period under review, exports, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. As a result, the exports reached the peak of X units, and then dropped significantly in the following year.

In value terms, hand sieve exports reduced dramatically to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Brazil represented the main exporter of hand sieves and hand riddles in MERCOSUR, with the volume of exports finishing at X units, which was approx. 73% of total exports in 2022. It was distantly followed by Colombia (X units), creating a 24% share of total exports. Argentina (X units) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the hand sieves and hand riddles exports, with a CAGR of +4.9% from 2012 to 2022. Colombia experienced a relatively flat trend pattern. Argentina (-16.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by +16 percentage points.

In value terms, the largest hand sieve supplying countries in MERCOSUR were Brazil ($X), Colombia ($X) and Argentina ($X), together comprising 98% of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of +0.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 12%. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.2%), while the other leaders experienced mixed trends in the export price figures.

Hand Sieve Imports

Imports in MERCOSUR

After two years of growth, purchases abroad of hand sieves and hand riddles decreased by -29.2% to X units in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 39%. Over the period under review, imports hit record highs at X units in 2021, and then contracted rapidly in the following year.

In value terms, hand sieve imports dropped markedly to $X in 2022. Total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +54.2% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

Brazil was the key importing country with an import of about X units, which accounted for 66% of total imports. Chile (X units) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (8.6%) and Peru (4.6%). Paraguay (X units), Argentina (X units) and Colombia (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hand sieve imports into Brazil stood at +6.1%. At the same time, Peru (+14.1%), Ecuador (+9.4%), Paraguay (+5.6%) and Argentina (+5.5%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +14.1% from 2012-2022. By contrast, Chile (-1.7%) and Colombia (-10.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Ecuador and Peru increased by +17, +4 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported hand sieves and hand riddles in MERCOSUR, comprising 43% of total imports. The second position in the ranking was held by Peru ($X), with a 20% share of total imports. It was followed by Chile, with an 18% share.

In Brazil, hand sieve imports expanded at an average annual rate of +6.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Peru (+15.7% per year) and Chile (-1.8% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, with an increase of 7.4% against the previous year. Overall, the import price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Peru ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform