China: Screwdriver Market 2025

Screwdriver Market Size in China

In 2021, after three years of growth, there was significant decline in the Chinese screwdriver market, when its value decreased by -21.7% to $X. Overall, consumption recorded a mild setback. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Screwdriver Production in China

In value terms, screwdriver production expanded slightly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 5.3% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Screwdriver Exports

Exports from China

In 2021, overseas shipments of screwdrivers increased by 20% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 214%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, screwdriver exports soared to $X in 2021. The total export value increased at an average annual rate of +4.7% 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

The United States (X tons) was the main destination for screwdriver exports from China, with a 20% share of total exports. Moreover, screwdriver exports to the United States exceeded the volume sent to the second major destination, Russia (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+4.2% per year) and the UK (+3.6% per year).

In value terms, the United States ($X) remains the key foreign market for screwdrivers exports from China, comprising 20% of total exports. The second position in the ranking was held by Russia ($X), with a 4.3% share of total exports. It was followed by the UK, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+5.6% per year) and the UK (+5.5% per year).

Export Prices by Country

The average screwdriver export price stood at $X per ton in 2021, picking up by 8.3% against the previous year. Over the period under review, the export price showed measured growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 185% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Russia ($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 India (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Screwdriver Imports

Imports into China

For the fourth year in a row, China recorded growth in supplies from abroad of screwdrivers, which increased by 51% to X tons in 2021. Overall, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 82%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, screwdriver imports surged to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.8% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of screwdriver to China, accounting for a 41% share of total imports. Moreover, screwdriver imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+173.9% per year) and Germany (-3.3% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of screwdrivers to China, comprising 34% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Japan, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.3% per year) and Japan (+7.8% per year).

Import Prices by Country

The average screwdriver import price stood at $X per ton in 2021, waning by -13.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 79% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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