Price for Tools, Hand; Other than Household Tools in India - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in India (FOB) - 2022
- Price for Tools, Hand; Other than Household Tools in India (CIF) - 2022
- Exports of Tools, Hand; Other than Household Tools in India
- Imports of Tools, Hand; Other than Household Tools in India
Price for Tools, Hand; Other than Household Tools in India (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $4,077 per ton, dropping by -6.5% against the previous year. Over the period under review, the export price recorded a mild downturn. The growth pace was the most rapid in 2017 an increase of 52% against the previous year. Over the period under review, the average export prices hit record highs at $8,786 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($7,716 per ton), while the average price for exports to the United Arab Emirates ($1,904 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in India (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $8,673 per ton, falling by -2.7% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2014 an increase of 37%. As a result, import price attained the peak level of $26,067 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
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 Japan ($39,735 per ton), while the price for the United Arab Emirates ($2,690 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tools, Hand; Other than Household Tools in India
For the fourth consecutive year, India recorded growth in overseas shipments of tools, hand; other than household toolses, which increased by 13% to 22K tons in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 135% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of tools, hand; other than household toolses expanded remarkably to $89M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
Export of Tools, Hand; Other than Household Tools in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 28.1 | 27.3 | 44.2 | 45.9 | 17.8% |
United Kingdom | 4.8 | 4.5 | 7.1 | 6.1 | 8.3% |
Germany | 2.0 | 2.1 | 3.2 | 3.3 | 18.2% |
Australia | 1.7 | 1.9 | 2.5 | 3.1 | 22.2% |
France | 1.2 | 1.1 | 2.4 | 3.1 | 37.2% |
United Arab Emirates | 2.8 | 1.9 | 2.6 | 2.9 | 1.2% |
Japan | 1.4 | 1.5 | 1.3 | 2.0 | 12.6% |
Canada | 0.9 | 1.2 | 1.6 | 1.8 | 26.0% |
Mexico | 1.0 | 0.7 | 1.1 | 1.8 | 21.6% |
Italy | 0.8 | 0.7 | 1.8 | 1.3 | 17.6% |
Brazil | 0.7 | 0.4 | 0.8 | 0.9 | 8.7% |
Others | 11.7 | 10.0 | 16.3 | 17.1 | 13.5% |
Total | 57.0 | 53.4 | 84.9 | 89.3 | 16.1% |
Top Export Markets for Tools, Hand; Other than Household Tools from India in 2022:
- United States (10.5K tons)
- United Kingdom (1.8K tons)
- United Arab Emirates (1.5K tons)
- Australia (0.6K tons)
- Mexico (0.6K tons)
- Japan (0.6K tons)
- Italy (0.5K tons)
- France (0.5K tons)
- Brazil (0.4K tons)
- Germany (0.4K tons)
- Canada (0.3K tons)
Imports of Tools, Hand; Other than Household Tools in India
Imports of tools, hand; other than household toolses into India rose remarkably to 3.6K tons in 2022, increasing by 12% on 2021 figures. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 84% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of tools, hand; other than household toolses expanded rapidly to $31M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Tools, Hand; Other than Household Tools in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 5.0 | 3.9 | 6.7 | 7.1 | 12.4% |
China | 3.9 | 3.5 | 5.6 | 5.5 | 12.1% |
Germany | 3.3 | 3.1 | 5.1 | 5.2 | 16.4% |
France | 2.3 | 2.6 | 2.5 | 2.7 | 5.5% |
United States | 3.3 | 2.1 | 2.3 | 2.6 | -7.6% |
Taiwan (Chinese) | 1.7 | 1.0 | 1.6 | 1.9 | 3.8% |
Singapore | 0.8 | 0.7 | 1.1 | 1.4 | 20.5% |
South Korea | 0.5 | 0.5 | 0.8 | 0.7 | 11.9% |
United Arab Emirates | 0.4 | 0.3 | 0.4 | 0.1 | -37.0% |
Others | 2.5 | 2.5 | 2.9 | 4.2 | 18.9% |
Total | 23.7 | 20.1 | 28.9 | 31.4 | 9.8% |
Top Suppliers of Tools, Hand; Other than Household Tools to India in 2022:
- China (1765.7 tons)
- Germany (647.2 tons)
- Taiwan (Chinese) (277.3 tons)
- United States (249.0 tons)
- Japan (177.4 tons)
- France (78.7 tons)
- South Korea (75.2 tons)
- Singapore (58.8 tons)
- United Arab Emirates (40.5 tons)
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