Overview of the Global Market for Tools, hand; sets, of articles of two or more of the foregoing items

Market Size for Tools, hand; sets, of articles of two or more of the foregoing items

In 2023, the global market for tools, hand; sets, of articles of two or more of the foregoing itemses decreased by X% to $X,517,479,511.9B for the first time since 2018, thus ending a four-year rising trend. Over the period under review, consumption, however, posted a strong increase. As a result, consumption attained the peak level of $X,453,848,010.1B, and then shrank rapidly in the following year.

Production of Tools, hand; sets, of articles of two or more of the foregoing items

In value terms, production of tools, hand; sets, of articles of two or more of the foregoing itemses fell rapidly to $X,275,493,805.8B in 2023 estimated in export price. In general, production, however, posted prominent growth. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, production attained the peak level of $X,873,193,062.7B, and then reduced dramatically in the following year.

Exports of Tools, hand; sets, of articles of two or more of the foregoing items

Exports

In 2023, after two years of growth, there was significant decline in shipments abroad of tools, hand; sets, of articles of two or more of the foregoing itemses, when their volume decreased by X% to X tons. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, exports of tools, hand; sets, of articles of two or more of the foregoing itemses reduced to $X in 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 2018 when exports increased by X%. The global exports peaked at $X in 2022, and then dropped in the following year.

Exports by Country

China dominates itemses structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a X% share of total exports. The United Arab Emirates (X tons), Pakistan (X tons), South Korea (X tons), Saudi Arabia (X tons), India (X tons), Turkey (X tons), Australia (X tons), Thailand (X tons), Spain (X tons) and Germany (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Pakistan (X%), Saudi Arabia (X%), India (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. South Korea experienced a relatively flat trend pattern. By contrast, Spain (X%), Australia (X%), Thailand (X%), the United Arab Emirates (X%), Germany (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.), Pakistan (X p.p.), Saudi Arabia (X p.p.), India (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the global exports, while Germany, the United Arab Emirates and Taiwan (Chinese) saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tools, hand; sets, of articles of two or more of the foregoing items supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of global exports. It was followed by India, with a X% share.

In China, exports of tools, hand; sets, of articles of two or more of the foregoing itemses expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and India (X% per year).

Export Prices by Country

The average export price for tools, hand; sets, of articles of two or more of the foregoing itemses stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other global leaders experienced more modest paces of growth.

Imports of Tools, hand; sets, of articles of two or more of the foregoing items

Imports

In 2023, global imports of tools, hand; sets, of articles of two or more of the foregoing itemses soared to X tons, increasing by X% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Global imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of tools, hand; sets, of articles of two or more of the foregoing itemses expanded modestly to $X in 2023. Overall, imports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, global imports of tools, hand; sets, of articles of two or more of foregoing itemses hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Saudi Arabia (X tons), distantly followed by Malaysia (X tons) and the Philippines (X tons) were the key importers of tools, hand; sets, of articles of two or more of the foregoing itemses, together committing X% of total imports. The following importers - Spain (X tons), Thailand (X tons), Italy (X tons), Australia (X tons), Singapore (X tons), Taiwan (Chinese) (X tons), France (X tons), Kazakhstan (X tons), Ghana (X tons) and Indonesia (X tons) - together made up X% of total imports.

Imports into Saudi Arabia increased at an average annual rate of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%), the Philippines (X%), Ghana (X%), Kazakhstan (X%), Malaysia (X%), Australia (X%), Thailand (X%), Spain (X%) and France (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Singapore experienced a relatively flat trend pattern. By contrast, Italy (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Saudi Arabia, the Philippines, Malaysia, Taiwan (Chinese), Ghana, Spain, Thailand, Australia and Kazakhstan increased by X, X, X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported tools, hand; sets, of articles of two or more of the foregoing itemses worldwide, comprising X% of global imports. The second position in the ranking was held by France ($X), with a X% share of global imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Saudi Arabia stood at X%. In the other countries, the average annual rates were as follows: France (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the average import price for tools, hand; sets, of articles of two or more of the foregoing itemses amounted to $X per ton, reducing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform