Eastern Asia: Metal Hammer Market 2025

Metal Hammer Market Size in Eastern Asia

After two years of decline, the East Asian metal hammer market increased by 2.3% to $X in 2022. In general, consumption, however, showed a noticeable downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Hammer Production in Eastern Asia

In value terms, metal hammer production dropped modestly to $X in 2022 estimated in export price. Overall, production showed a mild descent. The most prominent rate of growth was recorded in 2018 with an increase of 9.6% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Hammer Exports

Exports in Eastern Asia

In 2022, approx. X tons of hammers and sledge hammers with working part of metal were exported in Eastern Asia; which is down by -8% on the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, metal hammer exports reached $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +51.4% against 2017 indices. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 92% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), committing an 8% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of hammers and sledge hammers with working part of metal. At the same time, Taiwan (Chinese) (+7.6%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +7.6% from 2012-2022. While the share of Taiwan (Chinese) (+4.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-4.1 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest metal hammer supplier in Eastern Asia, comprising 88% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to +4.2%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by 9.6% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2015 an increase of 11%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%).

Metal Hammer Imports

Imports in Eastern Asia

In 2022, purchases abroad of hammers and sledge hammers with working part of metal decreased by -12.4% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, metal hammer imports totaled $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 20%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of metal hammer imports in 2022 were Taiwan (Chinese) (X tons), South Korea (X tons), Japan (X tons) and China (X tons), together reaching 98% of total import. Hong Kong SAR (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +17.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest metal hammer importing markets in Eastern Asia were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), together accounting for 84% of total imports.

Taiwan (Chinese), with a CAGR of +6.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, rising by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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