Brazil: Hedge Shear Market 2024

Hedge Shear Market Size in Brazil

The Brazilian hedge shear market reached $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Hedge Shear Production in Brazil

In value terms, hedge shear production rose to $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Hedge shear production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Hedge Shear Exports

Exports from Brazil

In 2023, overseas shipments of hedge shears and two-handed pruning shears decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, hedge shear exports contracted rapidly to $X in 2023. Over the period under review, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2022, and then plummeted in the following year.

Exports by Country

Argentina (X tons), Peru (X tons) and Bolivia (X tons) were the main destinations of hedge shear exports from Brazil, together comprising X% of total exports. Paraguay, Chile, Ecuador, Colombia, Russia, South Africa, Uruguay, Honduras, the United States and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hedge shear exported from Brazil were Argentina ($X), Peru ($X) and Bolivia ($X), with a combined X% share of total exports. Paraguay, Chile, Ecuador, Colombia, Russia, South Africa, Uruguay, Honduras, the United States and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, South Africa, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average hedge shear export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (X%), while the prices for the other major destinations experienced a decline.

Hedge Shear Imports

Imports into Brazil

In 2023, approx. X tons of hedge shears and two-handed pruning shears were imported into Brazil; rising by X% compared with the previous year. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, hedge shear imports expanded slightly to $X in 2023. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of hedge shear imports to Brazil, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Vietnam ($X), China ($X) and Taiwan (Chinese) ($X) were the largest hedge shear suppliers to Brazil, together comprising X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average hedge shear import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform