Asia-Pacific: Mattocks And Rakes Market 2025

Mattocks And Rakes Market Size in Asia-Pacific

The Asia-Pacific mattocks and rakes market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Mattocks And Rakes Production in Asia-Pacific

In value terms, mattocks and rakes production totaled $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.9% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 21%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Mattocks And Rakes Exports

Exports in Asia-Pacific

After five years of growth, overseas shipments of mattocks, picks, hoes and rakes decreased by -9.7% to X tons in 2022. The total export volume increased at an average annual rate of +2.0% over the period 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 2017 with an increase of 21%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, mattocks and rakes exports totaled $X in 2022. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X tons, which was near 88% of total exports in 2022. It was distantly followed by India (X tons), creating a 6.4% share of total exports. The following exporters - Vietnam (X tons) and Taiwan (Chinese) (X tons) - each recorded a 3.8% share of total exports.

Exports from China increased at an average annual rate of +2.5% from 2012 to 2022. At the same time, Vietnam (+11.7%) and Taiwan (Chinese) (+3.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +11.7% from 2012-2022. By contrast, India (-3.7%) illustrated a downward trend over the same period. China (+4 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mattocks and rakes supplier in Asia-Pacific, comprising 89% of total exports. The second position in the ranking was taken by India ($X), with a 5.3% share of total exports. It was followed by Taiwan (Chinese), with a 2.3% share.

In China, mattocks and rakes exports increased at an average annual rate of +8.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (+0.2% per year) and Taiwan (Chinese) (+5.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.2%. The pace of growth was the most pronounced in 2021 an increase of 16%. The level of export peaked in 2022 and is likely to continue growth in the near future.

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 Taiwan (Chinese) ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the other leaders experienced more modest paces of growth.

Mattocks And Rakes Imports

Imports in Asia-Pacific

In 2022, overseas purchases of mattocks, picks, hoes and rakes decreased by -7.8% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of 22%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, mattocks and rakes imports shrank modestly 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, Japan (X tons), Malaysia (X tons), Bangladesh (X tons), Myanmar (X tons), Australia (X tons), South Korea (X tons), Sri Lanka (X tons), Thailand (X tons) and Vietnam (X tons) was the largest importer of mattocks, picks, hoes and rakes in Asia-Pacific, making up 83% of total import.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +14.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, together comprising 51% of total imports. South Korea, Vietnam, Sri Lanka, Bangladesh, Thailand and Myanmar lagged somewhat behind, together accounting for a further 31%.

Among the main importing countries, South Korea, with a CAGR of +15.4%, 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-Pacific amounted to $X per ton, picking up by 5.1% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattocks and rakes import price increased by +44.1% against 2015 indices. The most prominent rate of growth was recorded in 2021 an increase of 18%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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