Australia: Household Hand Tools Market 2024

Household Hand Tools Market Size in Australia

In 2021, the Australian household hand tools market increased by 19% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Household Hand Tools Exports

Exports from Australia

Household hand tools exports from Australia soared to X tons in 2021, increasing by 109% on 2020. In general, exports, however, recorded a perceptible curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, household hand tools exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2015 with an increase of 116% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons), Papua New Guinea (X tons) and the United States (X tons) were the main destinations of household hand tools exports from Australia, together comprising 53% of total exports. Fiji, Solomon Islands, Singapore, Israel, the United Arab Emirates, the Philippines, Kiribati, Malaysia, the UK and Japan lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +115.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Papua New Guinea ($X) and the United States ($X) appeared to be the largest markets for household hand tools exported from Australia worldwide, with a combined 54% share of total exports. Fiji, Solomon Islands, Singapore, Israel, the Philippines, Kiribati, Malaysia, the UK, Japan and the United Arab Emirates lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, Israel, with a CAGR of +107.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average household hand tools export price amounted to $X per ton, reducing by -33.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 129% against the previous year. The export price peaked at $X per ton in 2020, and then dropped rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kiribati (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Household Hand Tools Imports

Imports into Australia

In 2021, supplies from abroad of household hand tools increased by 21% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 22%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, household hand tools imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X tons) constituted the largest household hand tools supplier to Australia, accounting for a 83% share of total imports. Moreover, household hand tools imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.9% per year) and Germany (-0.3% per year).

In value terms, China ($X) constituted the largest supplier of household hand tools to Australia, comprising 83% of total imports. The second position in the ranking was held by the United States ($X), with a 3.7% share of total imports. It was followed by Germany, with a 3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.4% per year) and Germany (-3.1% per year).

Import Prices by Country

In 2021, the average household hand tools import price amounted to $X per ton, remaining stable against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, household hand tools import price decreased by -8.1% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 50%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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