Latin America and the Caribbean: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Latin America and the Caribbean

The Latin American pliers and pincers market contracted to $X in 2023, waning by X% against the previous year. Overall, consumption showed a mild contraction. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Pliers And Pincers Production in Latin America and the Caribbean

In value terms, pliers and pincers production fell to $X in 2023 estimated in export price. Overall, production, however, saw a abrupt decrease. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Pliers And Pincers Exports

Exports in Latin America and the Caribbean

In 2023, overseas shipments of pliers, pincers and tweezers for nonmedical use increased by X% to X tons, rising for the fourth year in a row after three years of decline. In general, exports, however, showed a noticeable setback. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, pliers and pincers exports soared to $X in 2023. Overall, exports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

Mexico represented the main exporter of pliers, pincers and tweezers for nonmedical use in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. Brazil (X tons) held the second position in the ranking, distantly followed by Panama (X tons). All these countries together held approx. X% share of total exports. Chile (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the pliers, pincers and tweezers for nonmedical use exports, with a CAGR of X% from 2012 to 2023. Chile experienced a relatively flat trend pattern. Brazil (X%) and Panama (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) and Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Panama (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest pliers and pincers supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Mexico, pliers and pincers exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Chile (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. In general, the export price saw a resilient increase. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Panama ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced a decline in the export price figures.

Pliers And Pincers Imports

Imports in Latin America and the Caribbean

In 2023, overseas purchases of pliers, pincers and tweezers for nonmedical use decreased by X% to X tons, falling for the second year in a row after five years of growth. Total imports indicated a tangible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. 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, pliers and pincers imports reduced slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, Mexico (X tons) and Brazil (X tons) represented the key importers of pliers, pincers and tweezers for nonmedical use in Latin America and the Caribbean, together making up X% of total imports. Chile (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Bolivia (X%), Colombia (X%), Peru (X%) and Argentina (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported pliers, pincers and tweezers for nonmedical use in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Mexico, pliers and pincers imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, approximately mirroring the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform