Asia: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Asia

In 2021, the Asian market for pneumatic or hydraulic hand tools decreased by -17.8% to $X, falling for the second year in a row after five years of growth. The total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Asia

In value terms, pneumatic or hydraulic hand tool production contracted modestly to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +64.4% against 2012 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 24% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports in Asia

In 2021, overseas shipments of pneumatic or hydraulic hand tools increased by 83% to X tons, rising for the fifth consecutive year after two years of decline. In general, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool exports surged to $X in 2021. The total export value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporter of pneumatic or hydraulic hand tools in Asia, with the volume of exports amounting to X tons, which was approx. 81% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), generating a 12% share of total exports. Japan (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the pneumatic or hydraulic hand tools exports, with a CAGR of +21.2% from 2012 to 2021. At the same time, Taiwan (Chinese) (+4.8%) displayed positive paces of growth. By contrast, Japan (-3.0%) illustrated a downward trend over the same period. China (+33 p.p.) significantly strengthened its position in terms of the total exports, while Japan and Taiwan (Chinese) saw its share reduced by -11.9% and -14% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest pneumatic or hydraulic hand tool supplier in Asia, comprising 64% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total exports.

In China, pneumatic or hydraulic hand tool exports increased at an average annual rate of +6.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+6.5% per year) and Japan (-5.5% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, waning by -27.5% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when the export price increased by 6.7%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.6%), while the other leaders experienced a decline in the export price figures.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports in Asia

In 2021, supplies from abroad of pneumatic or hydraulic hand tools increased by 21% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports soared to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Indonesia (X tons), India (X tons), Thailand (X tons), Japan (X tons), China (X tons), South Korea (X tons), Malaysia (X tons), the United Arab Emirates (X tons), Vietnam (X tons), Iran (X tons) and Kazakhstan (X tons) represented roughly 80% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kazakhstan (with a CAGR of +11.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2021, together comprising 39% of total imports. Japan, Thailand, Malaysia, South Korea, Indonesia, Vietnam, the United Arab Emirates, Kazakhstan and Iran lagged somewhat behind, together accounting for a further 45%.

Among the main importing countries, Indonesia, with a CAGR of +8.9%, 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 amounted to $X per ton, increasing by 4% against the previous year. Overall, the import price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2018 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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