China: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in China

In 2022, the Chinese non-electric motor handtools market was finally on the rise to reach $X after six years of decline. In general, consumption, however, recorded a abrupt shrinkage. Non-electric motor handtools consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Non-Electric Motor Handtools Production in China

In value terms, non-electric motor handtools production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Non-Electric Motor Handtools Exports

Exports from China

In 2022, after two years of growth, there was significant decline in overseas shipments of handtools, hydraulic or with a self-contained non-electric motor, when their volume decreased by -15.7% to X units. Overall, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 +36.9% against 2015 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 22% against the previous year. The exports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, non-electric motor handtools exports contracted significantly to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +14.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 37% against the previous year. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

Russia (X units), the United States (X units) and Thailand (X units) were the main destinations of non-electric motor handtools exports from China, with a combined 29% share of total exports. Mexico, India, Vietnam, Brazil, Indonesia, Germany, Poland, Argentina, France and the UK lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +24.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Russia ($X) and Thailand ($X) were the largest markets for non-electric motor handtools exported from China worldwide, together comprising 23% of total exports. Germany, Brazil, Mexico, France, Vietnam, Poland, the UK, Indonesia, India and Argentina lagged somewhat behind, together accounting for a further 34%.

India, with a CAGR of +26.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-electric motor handtools export price stood at $X per unit in 2022, reducing by -4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2013 an increase of 32% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into China

In 2022, non-electric motor handtools imports into China shrank to X units, with a decrease of -8.8% compared with 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 18%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric motor handtools imports fell dramatically to $X in 2022. Overall, imports showed a slight curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and Sweden (X units) were the main suppliers of non-electric motor handtools imports to China, together comprising 81% of total imports. Japan, the UK, Vietnam and Italy lagged somewhat behind, together comprising a further 9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +92.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Sweden ($X) constituted the largest non-electric motor handtools suppliers to China, with a combined 70% share of total imports. The UK, Japan, Italy and Vietnam lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, Vietnam, with a CAGR of +95.5%, 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 average non-electric motor handtools import price stood at $X per unit in 2022, waning by -7.7% against the previous year. Over the period under review, the import price showed a slight shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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