Asia-Pacific: Gouges And Chisels Market 2025

Gouges And Chisels Market Size in Asia-Pacific

The Asia-Pacific gouges and chisels market rose significantly to $X in 2022, surging by 6.4% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Gouges And Chisels Production in Asia-Pacific

In value terms, gouges and chisels production reached $X in 2022 estimated in export price. Overall, production continues to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by 5.4%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gouges And Chisels Exports

Exports in Asia-Pacific

In 2022, after five years of growth, there was significant decline in shipments abroad of planes, chisels and gouges for working wood, when their volume decreased by -7% to X tons. The total export volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, gouges and chisels exports declined modestly to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.7% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 34% against the previous year. As a result, the exports attained the peak of $X, and then declined slightly in the following year.

Exports by Country

In 2022, China (X tons) represented the largest exporter of planes, chisels and gouges for working wood, mixing up 85% of total exports. It was distantly followed by India (X tons), achieving a 13% share of total exports.

China was also the fastest-growing in terms of the planes, chisels and gouges for working wood exports, with a CAGR of +3.3% from 2012 to 2022. India experienced a relatively flat trend pattern. While the share of China (+5.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-3.6 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest gouges and chisels supplier in Asia-Pacific, comprising 86% of total exports. The second position in the ranking was held by India ($X), with a 7.1% share of total exports.

In China, gouges and chisels exports expanded at an average annual rate of +7.4% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by 3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2014 when the export price increased by 14% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; afterwards, it flattened through to 2022.

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 China ($X per ton), while India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%).

Gouges And Chisels Imports

Imports in Asia-Pacific

In 2022, purchases abroad of planes, chisels and gouges for working wood increased by 1.6% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, gouges and chisels imports reached $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Indonesia was the major importer of planes, chisels and gouges for working wood in Asia-Pacific, with the volume of imports finishing at X tons, which was near 27% of total imports in 2022. Australia (X tons) ranks second in terms of the total imports with a 10% share, followed by the Philippines (9.4%), Malaysia (7.8%), India (7%), Vietnam (5.2%), Thailand (5%) and Myanmar (4.6%). South Korea (X tons), China (X tons), Japan (X tons), Singapore (X tons) and New Zealand (X tons) held a relatively small share of total imports.

Imports into Indonesia decreased at an average annual rate of -4.0% from 2012 to 2022. At the same time, China (+14.3%), New Zealand (+9.8%), Vietnam (+7.8%), India (+5.0%), the Philippines (+2.7%), Malaysia (+2.4%) and Japan (+2.0%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +14.3% from 2012-2022. South Korea, Singapore and Myanmar experienced a relatively flat trend pattern. By contrast, Australia (-1.5%) and Thailand (-1.6%) illustrated a downward trend over the same period. While the share of Vietnam (+2.8 p.p.), India (+2.8 p.p.), the Philippines (+2.3 p.p.), China (+2.3 p.p.) and Malaysia (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (-12.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), Indonesia ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 47% of total imports. Malaysia, South Korea, India, Vietnam, New Zealand, Singapore, Thailand, China, the Philippines and Myanmar lagged somewhat behind, together accounting for a further 45%.

Among the main importing countries, New Zealand, with a CAGR of +9.6%, saw 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

The import price in Asia-Pacific stood at $X per ton in 2022, with an increase of 3% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 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 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 Indonesia (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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