Uruguay: Hand Tools Market 2025

Hand Tools Market Size in Uruguay

The Uruguayan hand tools market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, saw a mild decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hand Tools Exports

Exports from Uruguay

Hand tools exports from Uruguay soared to X tons in 2021, jumping by 18% on the previous year's figure. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 386% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, hand tools exports surged to $X in 2021. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 216% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Brazil (X tons) and Costa Rica (X tons) were the main destinations of hand tools exports from Uruguay, with a combined 77% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +94.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand tools exported from Uruguay were Spain ($X), Brazil ($X) and Slovenia ($X), together comprising 63% of total exports.

Spain, with a CAGR of +97.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hand tools export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hand tools export price decreased by -4.8% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 106% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Uruguay

In 2021, purchases abroad of hand tools was finally on the rise to reach X tons after two years of decline. In general, imports, however, recorded a noticeable curtailment. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hand tools imports surged to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest hand tools supplier to Uruguay, accounting for a 62% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. The third position in this ranking was held by Mexico (X tons), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-3.5% per year) and Mexico (-6.9% per year).

In value terms, China ($X) constituted the largest supplier of hand tools to Uruguay, comprising 44% of total imports. The second position in the ranking was taken by Brazil ($X), with a 17% share of total imports. It was followed by the United States, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-2.4% per year) and the United States (-4.1% per year).

Import Prices by Country

In 2021, the average hand tools import price amounted to $X per ton, standing approx. at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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