Asia: Hand Tools Market 2020

Hand Tools Market Size in Asia

The revenue of the hand tools market in Asia amounted to $X in 2017, going down by -X% against the previous year. The hand tools consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when market value increased by X% against the previous year. Over the period under review, the hand tools market reached its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Hand Tools Production in Asia

The hand tools production totaled X units in 2017, therefore, remained relatively stable against the previous year. The hand tools production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when it surged by X% year-to-year. In that year, the hand tools production attained their peak volume of X units. From 2015 to 2017, growth of the hand tools production failed to regain its momentum.

Hand Tools Exports in Asia

In 2017, the amount of pneumatic tools for working in the hand exported in Asia amounted to X units, going up by X% against the previous year. The hand tools exports continue to indicate a prominent growth. The most prominent rate of growth was recorded in 2013, with an increase of X% y-o-y. The volume of exports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, hand tools exports totaled $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the hand tools exports reached its peak figure level in 2017, and are likely to continue its growth in the immediate term.

Hand Tools Exports by Country in Asia

Taiwan, Chinese represented the major exporter of pneumatic tools for working in the hand in Asia, with the volume of exports finishing at X units, which was approx. X% of total exports in 2017. It was distantly followed by Japan (X units), constituting X% share of total exports. The following exporters - Singapore (X units) and China (X units) each resulted at a X% share of total exports.

Taiwan, Chinese was also the fastest growing in terms of the pneumatic tools for working in the hand exports, with a CAGR of +X% from 2007 to 2017. At the same time, Singapore (+X%) and Japan (+X%) displayed positive paces of growth. By contrast, China (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China increased by X% percentage points, while Japan (-X%) and Taiwan, Chinese (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan, Chinese ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2017, together accounting for X% of total exports.

In terms of the main exporting countries , Taiwan, Chinese (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced mixed trends in the exports figures.

Hand Tools Export Prices by Country in Asia

In 2017, the hand tools export price in Asia amounted to $X per unit, declining by -X% against the previous year. The hand tools export price continues to indicate a moderate shrinkage. The pace of growth was the most pronounced in 2012, when the export prices increased by X% against the previous year. In that year, the export prices for pneumatic tools for working in the hand reached their peak level of $X per unit. From 2013 to 2017, growth of the export prices for pneumatic tools for working in the hand failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was China ($X thousand per unit), while Singapore ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced a decline in the export price figures.

Hand Tools Imports in Asia

In 2017, imports of pneumatic tools for working in the hand in Asia totaled X units, going down by -X% against the previous year. The hand tools imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014, when it surged by X% against the previous year. The volume of imports peaked of X units in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, hand tools imports totaled $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. In that year, the hand tools imports reached their peak level of $X. From 2015 to 2017, growth of the hand tools imports stood at a somewhat lower level.

Hand Tools Imports by Country in Asia

Saudi Arabia was the key importer of pneumatic tools for working in the hand in Asia, with the volume of imports resulting at X units, which was approx. X% of total imports in 2017. India (X units) held a X% share (based on tons) of total imports, which put it in second place, followed by Thailand (X%), Indonesia (X%) and China (X%). The following importers - Malaysia (X units), the United Arab Emirates (X units), Vietnam (X units) and Taiwan, Chinese (X units) together made up X% of total imports.

Imports into Saudi Arabia increased at an average annual rate of +X% from 2007 to 2017. At the same time, Indonesia (+X%), India (+X%), Vietnam (+X%), Thailand (+X%), Malaysia (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. China experienced a relatively flat trend pattern. By contrast, Taiwan, Chinese (-X%) illustrated a downward trend over the same period. Taiwan, Chinese (X%) significantly strengthened its position in terms of the global imports, while Thailand, Indonesia, India and Saudi Arabia saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Saudi Arabia ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

India (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Hand Tools Import Prices by Country in Asia

In 2017, the hand tools import price in Asia amounted to $X per unit, increasing by X% against the previous year. The hand tools import price continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2011, an increase of X% against the previous year. Over the period under review, the import prices for pneumatic tools for working in the hand attained its maximum level of $X per unit in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was China ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform