China: Household Hand Tools Market 2025

Household Hand Tools Market Size in China

The Chinese household hand tools market fell sharply to $X in 2021, waning by -26% against the previous year. Overall, consumption recorded a pronounced curtailment. Household hand tools consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Household Hand Tools Production in China

In value terms, household hand tools production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Household Hand Tools Exports

Exports from China

Household hand tools exports from China surged to X tons in 2021, jumping by 21% against 2020 figures. In general, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.7% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, household hand tools exports soared to $X in 2021. Over the period under review, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for household hand tools exports from China, accounting for a 24% share of total exports. Moreover, household hand tools exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by the UK (X tons), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.3% per year) and the UK (+6.8% per year).

In value terms, the United States ($X) remains the key foreign market for household hand tools exports from China, comprising 23% of total exports. The second position in the ranking was taken by Germany ($X), with a 6.4% share of total exports. It was followed by the UK, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.9% per year) and the UK (+14.1% per year).

Export Prices by Country

In 2021, the average household hand tools export price amounted to $X per ton, with an increase of 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Canada ($X per ton), while the average price for exports to Russia ($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 Canada (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Household Hand Tools Imports

Imports into China

In 2021, supplies from abroad of household hand tools was finally on the rise to reach X tons for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, imports, however, recorded a deep setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, household hand tools imports expanded slightly to $X in 2021. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 96% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), the United States (X tons) and Vietnam (X tons) were the main suppliers of household hand tools imports to China, with a combined 31% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +26.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and the United States ($X) appeared to be the largest household hand tools suppliers to China, together comprising 38% of total imports. These countries were followed by Switzerland, Italy, Vietnam and South Korea, which together accounted for a further 21%.

Among the main suppliers, South Korea, with a CAGR of +23.1%, recorded the highest growth rate of 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 average household hand tools import price amounted to $X per ton, dropping by -14.3% against the previous year. Over the period under review, the import price, however, showed buoyant growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 130%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Vietnam ($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) (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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