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China - Hand Tools - Market Analysis, Forecast, Size, Trends And Insights

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Hand Tools Prices in China

China Hand Tools Export Price in September 2022

In September 2022, the hand tools price amounted to $6,343 per ton (FOB, China), picking up by 5.7% against the previous month. Over the last eight months, it increased at an average monthly rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Australia ($8,491 per ton), while the average price for exports to Indonesia ($4,954 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

China Hand Tools Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In September 2022, the product with the highest price was hand saws ($8,858 per ton), while the average price for exports of agriculture or forestry hand tools ($4,167 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: drilling or threading hand tools, household hand tools, screwdrivers, hammers and similar hand tools (+2.5%), while the prices for the other products experienced more modest paces of growth.

China Hand Tools Exports

In September 2022, overseas shipments of hand tools decreased by -8.5% to 143K tons, falling for the second consecutive month after three months of growth. Overall, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in May 2022 with an increase of 27% m-o-m. The exports peaked at 199K tons in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.

In value terms, hand tools exports shrank to $908M (IndexBox estimates) in September 2022. Over the period under review, exports recorded a noticeable decline. The most prominent rate of growth was recorded in March 2022 when exports increased by 27% m-o-m. The exports peaked at 1.1M tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.

China Hand Tools Exports by Type

Drilling or threading hand tools, household hand tools, screwdrivers, hammers and similar hand tools (56K tons) was the largest type of hand tools exported from China, accounting for a 39% share of total exports. Moreover, drilling or threading hand tools, household hand tools, screwdrivers, hammers and similar hand tools exceeded the volume of the second product type, agriculture or forestry hand tools (23K tons), twofold. Hand-operated spanners and wrenches (22K tons) ranked third in terms of total exports with a 15% share.

From January 2022 to September 2022, the average monthly growth rate of the volume of export of drilling or threading hand tools, household hand tools, screwdrivers, hammers and similar hand tools stood at -3.9%. With regard to the other exported products, the following average monthly rates of growth were recorded: agriculture or forestry hand tools (-5.2% per month) and hand-operated spanners and wrenches (-3.1% per month).

In value terms, drilling or threading hand tools, household hand tools, screwdrivers, hammers and similar hand tools ($368M) remains the largest type of hand tools exported from China, comprising 41% of total exports. The second position in the ranking was held by hand saws ($142M), with a 16% share of total exports. It was followed by hand-operated spanners and wrenches, with a 13% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of the export volume of drilling or threading hand tools, household hand tools, screwdrivers, hammers and similar hand tools stood at -1.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: hand saws (-4.0% per month) and hand-operated spanners and wrenches (-2.1% per month).

China Hand Tools Exports by Country

The United States (28K tons) was the main destination for hand tools exports from China, with a 19% share of total exports. Moreover, hand tools exports to the United States exceeded the volume sent to the second major destination, Russia (6.9K tons), fourfold. The third position in this ranking was taken by Germany (5.5K tons), with a 3.8% share.

From January 2022 to September 2022, the average monthly growth rate of volume to the United States totaled -4.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (-3.2% per month) and Germany (-5.5% per month).

In value terms, the United States ($189M) remains the key foreign market for hand tools exports from China, comprising 21% of total exports. The second position in the ranking was taken by Russia ($38M), with a 4.2% share of total exports. It was followed by Germany, with a 3.8% share.

From January 2022 to September 2022, the average monthly growth rate of value to the United States totaled -2.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (-0.8% per month) and Germany (-4.9% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hand tools 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 25731010 - Spades and shovels
Prodcom 25731020 -
Prodcom 25731030 - Mattocks, picks, hoes and rakes
Prodcom 25731040 - Axes, bill hooks and similar hewing tools (excluding ice axes)
Prodcom 25731050 - Secateurs and similar one-handed pruners and shears (including poultry shears) (excluding secateur type scissors with secateur blades with finger rings, pruning knives)
Prodcom 25731060 - Hedge shears, two-handed pruning shears and similar twohanded shears
Prodcom 25731070 -
Prodcom 25732010 - Hand saws (excluding hand saws with a self-contained motor)
Prodcom 25732020 - Band saw blades
Prodcom 25732030 - Circular saw blades with steel working parts (including slotting or slitting saw blades)
Prodcom 25732050 - Circular saw blades with non-steel working parts (including slitting or slotting saw blades, parts)
Prodcom 25732093 - Straight saw blades for working metal
Prodcom 25732095 -
Prodcom 25732099 -
Prodcom 25733013 - Files, rasps and similar tools (excluding punches and files for machine tools)
Prodcom 25733015 -
Prodcom 25733017 -
Prodcom 25733023 - Metal cutting shears and similar hand tools
Prodcom 25733025 - Pipe-cutters, bolt croppers, perforating punches and similar tools excluding punches and files for machine tools, machinetype metal cutting shears and office perforating punches, t icket punches
Prodcom 25733033 - Non-adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
Prodcom 25733035 - Adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
Prodcom 25733037 - Interchangeable spanner sockets
Prodcom 25733053 - Drilling, threading or tapping hand tools excluding interchangeable hand tools, machine-tools or power-operated hand tools, pneumatic tools or hand tools with a selfcontained motor
Prodcom 25733055 - Hammers and sledge hammers with working part of metal
Prodcom 25733057 - Planes, chisels, gouges and similar cutting tools for working wood
Prodcom 25733063 - Screwdrivers
Prodcom 25733065 - Household hand tools
Prodcom 25733073 - Other tools for masons, moulders, cement workers, plasterers and painters
Prodcom 25733077 - Other hand tools (including cartridge operated riveting) w allplugging and similar hand tools
Prodcom 25733083 - Blow lamps (excluding gas-operated welding appliances)
Prodcom 25733085 - Vices, clamps and the like
Prodcom 25733087 - Anvils, portable forges, hand or pedal-operated grinding wheels with frameworks (excluding grindstones and the like presented separately)
Prodcom 25732097 - Saw blades with working part of base metal (excluding band saw blades, circular saw blades, musical saw blades)
Prodcom 25733016 - Pliers, including cutting pliers, pincers and tweezers for nonmedical use and similar hand tools, of base metal

Country coverage:

China

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024