Asia: Non-Electric Motor Handtools Market 2025

Non-Electric Motor Handtools Market Size in Asia

In 2022, after two years of decline, there was significant growth in the Asian non-electric motor handtools market, when its value increased by 11% to $X. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Motor Handtools Production in Asia

In value terms, non-electric motor handtools production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 16%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Non-Electric Motor Handtools Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of handtools, hydraulic or with a self-contained non-electric motor, when their volume decreased by -15% to X units. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, non-electric motor handtools exports fell rapidly to $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

China dominates exports structure, recording X units, which was near 90% of total exports in 2022. The following exporters - Taiwan (Chinese) (X units), Japan (X units), Singapore (X units) and Thailand (X units) - each accounted for an 8.6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-electric motor handtools exports from China stood at +2.7%. At the same time, Singapore (+7.0%), Thailand (+6.8%) and Taiwan (Chinese) (+6.6%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of +7.0% from 2012-2022. By contrast, Japan (-6.1%) illustrated a downward trend over the same period. While the share of China (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-3.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-electric motor handtools supplier in Asia, comprising 80% of total exports. The second position in the ranking was held by Japan ($X), with a 10% share of total exports. It was followed by Thailand, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +5.6%. In the other countries, the average annual rates were as follows: Japan (-6.5% per year) and Thailand (+4.1% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, flattening at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 12% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the other leaders experienced a decline in the export price figures.

Non-Electric Motor Handtools Imports

Imports in Asia

In 2022, approx. X units of handtools, hydraulic or with a self-contained non-electric motor were imported in Asia; picking up by 9.6% on the year before. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.7% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, non-electric motor handtools imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Vietnam (X units) and Thailand (X units) were the key importers of handtools, hydraulic or with a self-contained non-electric motor in 2022, resulting at approx. 19% and 19% of total imports, respectively. It was distantly followed by Malaysia (X units), India (X units) and Japan (X units), together generating a 23% share of total imports. Singapore (X units), Turkey (X units), Indonesia (X units), the Philippines (X units), South Korea (X units), Kazakhstan (X units), Iraq (X units) and Sri Lanka (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +36.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric motor handtools importing markets in Asia were India ($X), Japan ($X) and Thailand ($X), with a combined 34% share of total imports. Malaysia, South Korea, Vietnam, Turkey, Indonesia, Singapore, Kazakhstan, the Philippines, Iraq and Sri Lanka lagged somewhat behind, together accounting for a further 39%.

In terms of the main importing countries, the Philippines, with a CAGR of +23.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, with a decrease of -15.7% against the previous year. Over the period under review, the import price showed a noticeable contraction. The growth pace was the most rapid in 2019 an increase of 12%. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+4.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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