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China - Hammers And Sledge Hammers With Working Part Of Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's December 2023 Export of Metal Hammers Soars to $25M
China Metal Hammer Exports
In December 2023, shipments abroad of hammers and sledge hammers with working part of metal increased by 4.1% to 7.8K tons, rising for the second month in a row after two months of decline. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when exports increased by 140% m-o-m.
In value terms, metal hammer exports rose significantly to $25M (IndexBox estimates) in December 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 with an increase of 144% against the previous month.
COUNTRY | Export Value of Metal Hammer in China (million USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
United States | 5.5 | 4.9 | 2.8 | 5.1 | 4.7 | 4.0 | 3.8 | 3.5 | 5.1 | 4.8 | 4.0 | 3.8 | 3.7 |
Russia | 1.1 | 1.4 | 0.4 | 1.1 | 1.2 | 1.1 | 1.6 | 1.2 | 1.3 | 1.8 | 1.3 | 1.1 | 1.3 |
Indonesia | 1.3 | 1.0 | 0.1 | 1.5 | 1.3 | 1.2 | 0.9 | 1.0 | 0.8 | 1.0 | 1.1 | 1.0 | 1.2 |
Brazil | 0.7 | 0.4 | 0.1 | 0.4 | 0.6 | 0.3 | 0.5 | 0.4 | 0.6 | 0.4 | 0.3 | 0.3 | 0.6 |
Netherlands | 0.7 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.2 | 0.6 | 0.3 | 0.3 | 0.5 | 0.5 |
Germany | 0.7 | 1.1 | 0.4 | 0.5 | 0.7 | 1.1 | 0.9 | 0.7 | 0.8 | 0.8 | 0.7 | 0.5 | 0.5 |
Nigeria | 0.5 | 0.3 | < 0.1 | 0.2 | 0.1 | 0.2 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.4 | 0.3 |
Others | 16.9 | 16.7 | 6.3 | 16.5 | 16.9 | 16.2 | 15.5 | 15.2 | 15.0 | 14.1 | 12.3 | 14.3 | 16.3 |
Total | 27.3 | 26.1 | 10.5 | 25.7 | 25.9 | 24.6 | 24.1 | 22.7 | 24.5 | 23.5 | 20.2 | 21.9 | 24.5 |
Exports by Country
The United States (922 tons), Russia (513 tons) and Indonesia (490 tons) were the main destinations of metal hammer exports from China, together comprising 25% of total exports. These countries were followed by Brazil, Germany, Nigeria and the Netherlands, which together accounted for a further 9.3%.
From December 2022 to December 2023, the biggest increases were in Brazil (with a CAGR of +1.1%), while shipments for the other leaders experienced a decline.
In value terms, the United States ($3.7M) remains the key foreign market for metal hammer exports from China, comprising 15% of total exports. The second position in the ranking was held by Russia ($1.3M), with a 5.3% share of total exports. It was followed by Indonesia, with a 4.9% share.
From December 2022 to December 2023, the average monthly growth rate of value to the United States stood at -3.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (+1.2% per month) and Indonesia (-0.5% per month).
Export Prices by Country
In December 2023, the metal hammer price amounted to $3,160 per ton (FOB, China), increasing by 7.5% against the previous month. Overall, the export price, however, continues to indicate a slight descent. Over the period under review, the average export prices attained the peak figure at $3,558 per ton in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,046 per ton), while the average price for exports to Nigeria ($2,106 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the metal hammer market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25733055 - Hammers and sledge hammers with working part of metal
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023