Price for Tools, Hand; Other than Household Tools in China - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in China (FOB) - 2023
- Price for Tools, Hand; Other than Household Tools in China (CIF) - 2022
- Exports of Tools, Hand; Other than Household Tools in China
- Imports of Tools, Hand; Other than Household Tools in China
Price for Tools, Hand; Other than Household Tools in China (FOB) - 2023
In December 2023, the average export price for tools, hand; other than household toolses amounted to $6,862 per ton, increasing by 19% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 23% month-to-month. The export price peaked in December 2023.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Malaysia ($16,978 per ton), while the average price for exports to Brazil ($3,855 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 Canada (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in China (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $55,973 per ton, shrinking by -7.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 15%. Over the period under review, average import prices attained the maximum at $60,577 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($161,434 per ton), while the price for Malaysia ($9,166 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tools, Hand; Other than Household Tools in China
In 2022, overseas shipments of tools, hand; other than household toolses decreased by -3.6% to 287K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 23% against the previous year. As a result, the exports attained the peak of 298K tons, and then contracted modestly in the following year.
In value terms, exports of tools, hand; other than household toolses expanded markedly to $1.6B in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Tools, Hand; Other than Household Tools in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 257 | 282 | 387 | 407 | 16.6% |
Australia | 20.0 | 25.8 | 34.4 | 68.9 | 51.0% |
Germany | 41.2 | 50.5 | 68.2 | 63.6 | 15.6% |
Russia | 29.9 | 35.1 | 48.1 | 55.5 | 22.9% |
United Kingdom | 37.8 | 43.1 | 69.8 | 51.1 | 10.6% |
Poland | 23.3 | 29.5 | 42.2 | 40.8 | 20.5% |
Netherlands | 25.7 | 25.0 | 37.3 | 39.6 | 15.5% |
France | 26.0 | 27.9 | 40.2 | 34.3 | 9.7% |
Vietnam | 14.4 | 18.3 | 24.5 | 34.2 | 33.4% |
Mexico | 16.4 | 19.7 | 27.3 | 33.7 | 27.1% |
Indonesia | 20.7 | 21.4 | 25.9 | 32.6 | 16.3% |
Canada | 22.4 | 24.9 | 34.2 | 30.7 | 11.1% |
Brazil | 16.8 | 20.1 | 24.4 | 26.0 | 15.7% |
Others | 387 | 414 | 575 | 649 | 18.8% |
Total | 938 | 1,038 | 1,439 | 1,567 | 18.7% |
Top Export Markets for Tools, Hand; Other than Household Tools from China in 2022:
- United States (76.9K tons)
- Germany (12.9K tons)
- Russia (12.9K tons)
- United Kingdom (9.8K tons)
- Poland (9.7K tons)
- Netherlands (8.6K tons)
- France (7.4K tons)
- Australia (7.0K tons)
- Canada (6.7K tons)
- Mexico (6.7K tons)
- Brazil (6.6K tons)
- Indonesia (6.3K tons)
- Vietnam (5.8K tons)
Imports of Tools, Hand; Other than Household Tools in China
In 2022, imports of tools, hand; other than household toolses into China reached 1K tons, growing by 10% against 2021. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tools, hand; other than household toolses expanded to $57M in 2022. Over the period under review, imports, however, saw a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 3.7% against the previous year.
Import of Tools, Hand; Other than Household Tools in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 14.4 | 12.0 | 13.5 | 16.0 | 3.6% |
United States | 14.5 | 13.5 | 13.7 | 14.1 | -0.9% |
Japan | 10.8 | 9.3 | 9.5 | 7.4 | -11.8% |
Taiwan (Chinese) | 4.2 | 4.0 | 5.0 | 5.2 | 7.4% |
Sweden | 1.7 | 1.6 | 1.7 | 2.0 | 5.6% |
Italy | 0.9 | 0.9 | 1.4 | 1.3 | 13.0% |
South Korea | 1.1 | 1.1 | 0.9 | 1.1 | 0.0% |
India | 0.3 | 0.3 | 0.4 | 0.6 | 26.0% |
United Kingdom | 1.2 | 1.2 | 0.8 | 0.6 | -20.6% |
Malaysia | 0.3 | 0.1 | 0.1 | 0.4 | 10.1% |
Others | 10.2 | 10.3 | 9.3 | 8.9 | -4.4% |
Total | 59.7 | 54.3 | 56.3 | 57.5 | -1.2% |
Top Suppliers of Tools, Hand; Other than Household Tools to China in 2022:
- Taiwan (Chinese) (427.7 tons)
- Germany (162.2 tons)
- United States (87.2 tons)
- Japan (67.3 tons)
- India (63.0 tons)
- Malaysia (44.2 tons)
- Italy (21.6 tons)
- South Korea (19.5 tons)
- Sweden (17.7 tons)
- United Kingdom (11.6 tons)
This report provides an in-depth analysis of the blow lamp market in China.
This report provides an in-depth analysis of the market for hand-operated drilling, threading or tapping tool in China.
This report provides an in-depth analysis of the metal hammer market in China.
This report provides an in-depth analysis of the household hand tools market in China.
This report provides an in-depth analysis of the gouges and chisels market in China.
This report provides an in-depth analysis of the screwdriver market in China.
This report provides an in-depth analysis of the vices and clamps market in China.
This report provides an in-depth analysis of the market for tools, hand; sets, of articles of two or more of the foregoing items in China.
This report provides an in-depth analysis of the hand tools market in China.
This report provides an in-depth analysis of the market for stamp and photo collection album in China.
In March 2023, Metal Hammer exports saw a striking 140% month-on-month growth. By December 2023, the value of Metal Hammer exports had surged to $25M.
In December 2022, the metal hammer price stood at $3,558 per ton (FOB, China), approximately mirroring the previous month.
In February 2023, the price of household hand tools per ton (FOB, China) was $13,080, a 24% increase from the previous month.
From 2022 to 2023, the export growth of Gouges And Chisels failed to regain momentum, with exports declining in value to $98M in 2023.
In value terms, gouges and chisels exports dropped to $9.2M in April 2023.
During the period of analysis, Screwdriver exports peaked at 71K tons in 2021, but struggled to regain momentum from 2022 to 2023. In terms of value, Screwdriver exports declined to $428M in 2023.
In March 2023, Screwdriver exports saw a significant 99% month-on-month growth, reaching a value of $37M in December 2023.
In value terms, screwdriver exports reached $43M in April 2023.
In value terms, vices and clamps exports rose significantly to $17M in April 2023.
In April 2023, the hand tools price stood at $6,666 per ton (FOB, China), declining by -11.6% against the previous month.