Asia-Pacific: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Asia-Pacific

For the fifth year in a row, the Asia-Pacific market for in-hand motor grinders, sanders and planers recorded decline in sales value, which decreased by -38.2% to $X in 2021. In general, consumption showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of In-Hand Motor Grinders, Sanders And Planers in Asia-Pacific

In value terms, production of in-hand motor grinders, sanders and planers declined to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 47%. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in Asia-Pacific

In 2021, the amount of in-hand motor grinders, sanders and planers exported in Asia-Pacific surged to X units, rising by 24% compared with the year before. In general, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Over the period under review, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in planers structure, finishing at X units, which was near 94% of total exports in 2021. Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to electromechanical tools for working in the hand, with self-contained electric motor exports from China stood at +9.3%. At the same time, Malaysia (+16.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +16.1% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electromechanical tools for working in the hand, with self-contained electric motor supplier in Asia-Pacific, comprising 89% of total exports. The second position in the ranking was held by Malaysia ($X), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +11.5%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, surging by 3.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2016 when the export price increased by 13% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Malaysia ($X per unit), while China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.4%).

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports in Asia-Pacific

For the tenth consecutive year, Asia-Pacific recorded growth in overseas purchases of in-hand motor grinders, sanders and planers, which increased by 44% to X units in 2021. In general, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +114.4% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X units) and Australia (X units) represented the largest importers of in-hand motor grinders, sanders and planers in 2021, amounting to near 18% and 17% of total imports, respectively. Japan (X units) took a 9.5% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (8.7%), Vietnam (8.5%), China (7.5%), Thailand (5.6%) and South Korea (5.3%). Bangladesh (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +29.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Japan ($X) and China ($X) were the countries with the highest levels of imports in 2021, together accounting for 53% of total imports. South Korea, India, Vietnam, Thailand, Malaysia and Bangladesh lagged somewhat behind, together comprising a further 28%.

Bangladesh, with a CAGR of +14.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 unit, shrinking by -5.5% against the previous year. Overall, the import price showed a slight contraction. The pace of growth appeared the most rapid in 2017 an increase of 6.2%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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