MERCOSUR: Wood Tool Market 2024

Wood Tool Market Size in MERCOSUR

The MERCOSUR wood tool market totaled $X in 2021, growing by 10% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Tool Production in MERCOSUR

In value terms, wood tool production rose rapidly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 40% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Wood Tool Exports

Exports in MERCOSUR

In 2021, overseas shipments of tools of wood were finally on the rise to reach X tons after two years of decline. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 16% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood tool exports reached $X in 2021. Overall, exports, however, showed a slight downturn. The growth pace was the most rapid in 2014 with an increase of 21% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, finishing at X tons, which was approx. 86% of total exports in 2021. It was distantly followed by Chile (X tons), creating a 9.9% share of total exports. Argentina (X tons) took a relatively small share of total exports.

Brazil was also the fastest-growing in terms of the tools of wood exports, with a CAGR of +2.6% from 2012 to 2021. Argentina experienced a relatively flat trend pattern. Chile (-5.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest wood tool supplier in MERCOSUR, comprising 80% of total exports. The second position in the ranking was taken by Chile ($X), with a 15% share of total exports.

In Brazil, wood tool exports plunged by an average annual rate of -1.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (-3.6% per year) and Argentina (+0.6% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, with an increase of 2.3% against the previous year. In general, the export price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the export price increased by 4.7% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Wood Tool Imports

Imports in MERCOSUR

In 2021, purchases abroad of tools of wood increased by 28% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 155%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, wood tool imports skyrocketed to $X in 2021. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 144%. Over the period under review, imports hit record highs at $X in 2017; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Peru (X tons), Colombia (X tons) and Chile (X tons) represented the major importer of tools of wood in MERCOSUR, making up 91% of total import. The following importers - Brazil (X tons) and Argentina (X tons) - together made up 6.2% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Chile (with a CAGR of +32.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood tool importing markets in MERCOSUR were Chile ($X), Peru ($X) and Colombia ($X), with a combined 87% share of total imports.

Among the main importing countries, Peru, with a CAGR of +26.4%, saw 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

The import price in MERCOSUR stood at $X per ton in 2021, shrinking by -4.2% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the import price increased by 67% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the 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 Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+10.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform