Asia-Pacific: Household Hand Tools Market 2025

Household Hand Tools Market Size in Asia-Pacific

The Asia-Pacific household hand tools market dropped to $X in 2021, falling by -13% against the previous year. Overall, consumption recorded a mild decrease. The level of consumption peaked at $X in 2020, and then fell in the following year.

Household Hand Tools Production in Asia-Pacific

In value terms, household hand tools production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 8.5%. Over the period under review, production hit record highs at $X in 2020, and then declined modestly in the following year.

Household Hand Tools Exports

Exports in Asia-Pacific

In 2021, household hand tools exports in Asia-Pacific soared to X tons, rising by 20% on 2020 figures. The total export volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, household hand tools exports skyrocketed to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.5% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X tons, which was near 95% of total exports in 2021. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the household hand tools exports, with a CAGR of +5.5% from 2012 to 2021. Taiwan (Chinese) (-5.6%) illustrated a downward trend over the same period. While the share of China (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-2 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest household hand tools supplier in Asia-Pacific, comprising 92% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.8% share of total exports.

In China, household hand tools exports expanded at an average annual rate of +11.8% over the period from 2012-2021.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, increasing by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.9%).

Household Hand Tools Imports

Imports in Asia-Pacific

In 2021, overseas purchases of household hand tools were finally on the rise to reach X tons after six years of decline. Over the period under review, imports, however, recorded a slight downturn. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, household hand tools imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a perceptible contraction. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Japan (X tons) and Australia (X tons) represented roughly 47% of total imports in 2021. It was distantly followed by Hong Kong SAR (X tons), South Korea (X tons), Thailand (X tons), India (X tons) and Indonesia (X tons), together generating a 31% share of total imports. Singapore (X tons), Taiwan (Chinese) (X tons), New Zealand (X tons), Bangladesh (X tons) and Pakistan (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of +35.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest household hand tools importing markets in Asia-Pacific were Japan ($X), Australia ($X) and Hong Kong SAR ($X), with a combined 54% share of total imports. These countries were followed by South Korea, Singapore, Thailand, Malaysia, New Zealand, Bangladesh, Taiwan (Chinese), India, Indonesia and Pakistan, which together accounted for a further 38%.

In terms of the main importing countries, Pakistan, with a CAGR of +42.5%, recorded the highest rates of growth with regard to 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 2021, the import price in Asia-Pacific amounted to $X per ton, shrinking by -5.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 16%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+16.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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