Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the United States - 2024
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the United States (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the United States (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the United States
- Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the United States
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the United States (CIF) - 2022
The average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $46 per unit in 2022, picking up by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2018 an increase of 12%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($215 per unit), while the price for China ($19 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the United States (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $206 per unit, picking up by 11% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($359 per unit), while the average price for exports to Canada ($122 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the United States
In 2022, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) into the United States fell to 4.5M units, declining by -8.7% compared with 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, imports reached the peak of 4.9M units, and then fell in the following year.
In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) shrank to $205M in 2022. Overall, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of $211M, and then dropped modestly in the following year.
| Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 80.6 | 62.5 | 111 | 97.7 | 6.6% |
| China | 49.3 | 33.7 | 45.1 | 34.9 | -10.9% |
| Japan | 11.7 | 9.7 | 9.7 | 18.1 | 15.7% |
| India | 3.0 | 1.8 | 3.8 | 7.2 | 33.9% |
| Others | 47.4 | 28.7 | 41.3 | 47.3 | -0.1% |
| Total | 192 | 136 | 211 | 205 | 2.2% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to the United States in 2022:
- Taiwan (Chinese) (2303.2K units)
- China (1873.4K units)
- India (110.4K units)
- Japan (84.3K units)
Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the United States
Exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) from the United States rose markedly to 525K units in 2022, picking up by 7.9% compared with the previous year. Over the period under review, exports, however, recorded a noticeable decline. Over the period under review, the exports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) reached the maximum at 591K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) soared to $108M in 2022. Overall, exports, however, showed a mild downturn. Over the period under review, the exports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) reached the peak figure at $113M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 29.3 | 23.1 | 27.1 | 26.7 | -3.0% |
| Mexico | 16.7 | 14.3 | 15.3 | 20.9 | 7.8% |
| China | 7.3 | 5.8 | 5.9 | 8.7 | 6.0% |
| Luxembourg | 5.4 | 3.5 | 3.9 | 5.2 | -1.3% |
| United Kingdom | 6.1 | 3.2 | 4.0 | 4.4 | -10.3% |
| Belgium | 5.5 | 3.1 | 3.7 | 4.1 | -9.3% |
| Brazil | 1.7 | 3.1 | 2.0 | 3.0 | 20.8% |
| Netherlands | 2.6 | 1.2 | 1.4 | 2.7 | 1.3% |
| Chile | 3.1 | 0.8 | 1.8 | 2.1 | -12.2% |
| Australia | 3.3 | 2.3 | 2.2 | 1.7 | -19.8% |
| Japan | 1.7 | 1.3 | 2.5 | 1.6 | -2.0% |
| Singapore | 1.7 | 1.0 | 1.2 | 1.5 | -4.1% |
| Others | 28.9 | 22.6 | 19.0 | 25.2 | -4.5% |
| Total | 113 | 85.3 | 90.1 | 108 | -1.5% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from the United States in 2022:
- Canada (218.9K units)
- Mexico (74.9K units)
- China (26.0K units)
- Luxembourg (25.4K units)
- Belgium (22.9K units)
- Brazil (18.4K units)
- United Kingdom (13.4K units)
- Netherlands (12.4K units)
- Chile (10.6K units)
- Singapore (8.0K units)
- Australia (5.9K units)
- Japan (4.4K units)
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