Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in China - 2024
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in China (FOB) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in China (CIF) - 2024
- Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in China
- Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in China
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in China (FOB) - 2022
The average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $26 per unit in 2022, growing by 4.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($42 per unit), while the average price for exports to Australia ($14 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 Mexico (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in China (CIF) - 2024
The average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $101 per unit in December 2023, falling by -7.7% against the previous month. Overall, the import price recorded a noticeable reduction. The growth pace was the most rapid in May 2023 when the average import price increased by 46% m-o-m. The import price peaked at $137 per unit in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($452 per unit), while the price for Taiwan (Chinese) ($48.7 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in China
In 2022, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) from China declined to 5.3M units, shrinking by -11.3% against 2021 figures. The total export volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 25%. As a result, the exports attained the peak of 6M units, and then dropped in the following year.
In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) dropped to $139M in 2022. The total export value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 40%. As a result, the exports attained the peak of $150M, and then contracted in the following year.
Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 47.9 | 34.6 | 40.5 | 33.6 | -11.1% |
Brazil | 5.7 | 5.5 | 10.7 | 9.7 | 19.4% |
Russia | 3.2 | 4.3 | 7.5 | 9.7 | 44.7% |
Germany | 7.0 | 6.0 | 9.8 | 6.4 | -2.9% |
Singapore | 2.2 | 3.1 | 3.1 | 6.1 | 40.5% |
Malaysia | 1.7 | 2.0 | 3.6 | 5.3 | 46.1% |
India | 3.6 | 3.1 | 4.3 | 4.8 | 10.1% |
Poland | 2.7 | 4.0 | 4.6 | 3.8 | 12.1% |
Mexico | 2.1 | 1.9 | 4.0 | 3.8 | 21.9% |
Australia | 2.0 | 2.4 | 2.3 | 3.0 | 14.5% |
Argentina | 0.7 | 1.1 | 2.1 | 2.9 | 60.6% |
Japan | 1.6 | 1.6 | 2.7 | 2.4 | 14.5% |
Netherlands | 2.3 | 1.9 | 1.6 | 2.3 | 0.0% |
Others | 35.0 | 36.1 | 53.7 | 45.3 | 9.0% |
Total | 118 | 108 | 150 | 139 | 5.6% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from China in 2022:
- United States (1585.3K units)
- Brazil (341.8K units)
- Russia (339.6K units)
- Germany (260.4K units)
- Australia (211.6K units)
- India (185.4K units)
- Malaysia (170.7K units)
- Singapore (144.7K units)
- Mexico (129.7K units)
- Poland (129.3K units)
- Argentina (126.9K units)
- Netherlands (126.0K units)
- Japan (111.1K units)
Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in China
In 2022, approx. 382K units of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) were imported into China; shrinking by -34.5% on 2021. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 26%. As a result, imports attained the peak of 583K units, and then fell rapidly in the following year.
In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) reduced to $34M in 2022. In general, imports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year. Imports peaked at $37M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 11.3 | 11.6 | 14.8 | 11.6 | 0.9% |
Japan | 9.9 | 8.2 | 7.7 | 6.4 | -13.5% |
United States | 5.1 | 4.2 | 4.6 | 5.1 | 0.0% |
Hungary | 2.3 | 1.8 | 2.4 | 2.3 | 0.0% |
Others | 8.8 | 7.2 | 6.8 | 8.4 | -1.5% |
Total | 37.5 | 32.9 | 36.3 | 33.9 | -3.3% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to China in 2022:
- Taiwan (Chinese) (324.8K units)
- Japan (25.8K units)
- United States (11.4K units)
- Hungary (8.0K units)
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