China: Wood Tool Market 2025

Wood Tool Market Size in China

The Chinese wood tool market contracted to $X in 2021, falling by -11.2% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +104.2% against 2012 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Wood Tool Production in China

In value terms, wood tool production fell to $X in 2021 estimated in export price. Overall, production recorded prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 44% against the previous year. Wood tool production peaked at $X in 2020, and then contracted in the following year.

Wood Tool Exports

Exports from China

In 2021, after two years of decline, there was significant growth in overseas shipments of tools of wood, when their volume increased by 12% to X tons. Over the period under review, exports recorded noticeable growth. The most prominent rate of growth was recorded in 2015 when exports increased by 72%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, wood tool exports skyrocketed to $X in 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 152% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X tons), Pakistan (X tons) and Malaysia (X tons) were the main destinations of wood tool exports from China, together accounting for 21% of total exports. India, South Korea, Egypt, Saudi Arabia, South Africa, Chile, Jordan, El Salvador, the United Arab Emirates and Nigeria lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for El Salvador (with a CAGR of +116.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood tool exported from China were Iraq ($X), South Korea ($X) and Egypt ($X), with a combined 24% share of total exports. South Africa, Malaysia, Saudi Arabia, Chile, the United Arab Emirates, India, El Salvador, Nigeria, Jordan and Pakistan lagged somewhat behind, together accounting for a further 32%.

El Salvador, with a CAGR of +151.1%, 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

In 2021, the average wood tool export price amounted to $X per ton, with an increase of 24% against the previous year. Over the period under review, the export price saw significant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Pakistan ($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 Egypt (+44.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Tool Imports

Imports into China

In 2021, the amount of tools of wood imported into China surged to X tons, growing by 20% compared with 2020 figures. Over the period under review, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by 127%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, wood tool imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 26%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest wood tool supplier to China, accounting for a 71% share of total imports. Moreover, wood tool imports from Indonesia exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia stood at +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.3% per year) and the United States (-5.3% per year).

In value terms, Japan ($X) constituted the largest supplier of tools of wood to China, comprising 76% of total imports. The second position in the ranking was held by Indonesia ($X), with a 5.9% share of total imports. It was followed by the United States, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+6.6% per year) and the United States (+5.9% per year).

Import Prices by Country

The average wood tool import price stood at $X per ton in 2021, stabilizing at the previous year. In general, the import price recorded prominent growth. The growth pace was the most rapid in 2020 an increase of 103% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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