China: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in China

In 2021, the Chinese market for pneumatic or hydraulic hand tools decreased by -38.5% to $X, falling for the second year in a row after eight years of growth. Overall, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -41.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Pneumatic Or Hydraulic Hand Tools in China

In value terms, pneumatic or hydraulic hand tool production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 34% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from China

For the sixth consecutive year, China recorded growth in overseas shipments of pneumatic or hydraulic hand tools, which increased by 105% to X tons in 2021. Overall, exports enjoyed significant growth. 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 soared to $X in 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 +40.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), the United States (X tons) and Germany (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from China, with a combined 24% share of total exports. These countries were followed by Thailand, France, Mexico, Brazil, Poland, Italy, Vietnam, Ukraine, Indonesia and Spain, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +38.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Russia ($X) and Germany ($X) were the largest markets for pneumatic or hydraulic hand tool exported from China worldwide, with a combined 25% share of total exports. Thailand, Poland, Brazil, Mexico, France, Italy, Vietnam, Ukraine, Indonesia and Spain lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, Mexico, with a CAGR of +22.2%, saw 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

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, reducing by -34% against the previous year. Overall, the export price faced a deep slump. The growth pace was the most rapid in 2013 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, 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 the United States ($X per ton), while the average price for exports to Indonesia ($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 Poland (-10.7%), while the prices for the other major destinations experienced a decline.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into China

In 2021, overseas purchases of pneumatic or hydraulic hand tools were finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a deep downturn. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. Over the period under review, imports, however, saw a slight curtailment. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest pneumatic or hydraulic hand tool supplier to China, with a 35% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Sweden (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) stood at +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.9% per year) and Sweden (-2.9% per year).

In value terms, the United States ($X), Taiwan (Chinese) ($X) and Germany ($X) appeared to be the largest pneumatic or hydraulic hand tool suppliers to China, with a combined 54% share of total imports. These countries were followed by Japan, Sweden, Brazil, France, the UK, Italy and Vietnam, which together accounted for a further 36%.

In terms of the main suppliers, Vietnam, with a CAGR of +119.9%, 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

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, which is down by -2.2% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pneumatic or hydraulic hand tool import price increased by +60.7% against 2016 indices. The growth pace was the most rapid in 2019 an increase of 42%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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