Eastern Asia: Mattocks And Rakes Market 2025

Mattocks And Rakes Market Size in Eastern Asia

The East Asian mattocks and rakes market skyrocketed to $X in 2022, growing by 28% against the previous year. Overall, consumption posted a resilient increase. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Mattocks And Rakes Production in Eastern Asia

In value terms, mattocks and rakes production expanded to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Mattocks And Rakes Exports

Exports in Eastern Asia

In 2022, after five years of growth, there was significant decline in shipments abroad of mattocks, picks, hoes and rakes, when their volume decreased by -8.8% to X tons. The total export volume increased at an average annual rate of +2.5% 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 2017 with an increase of 24% against the previous year. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, mattocks and rakes exports rose notably to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near 98% of total exports in 2022. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mattocks and rakes exports from China stood at +2.5%. At the same time, Taiwan (Chinese) (+3.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +3.9% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mattocks and rakes supplier in Eastern Asia, comprising 97% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +8.1%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by 16% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattocks and rakes export price increased by +58.0% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 19%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 (+5.5%).

Mattocks And Rakes Imports

Imports in Eastern Asia

In 2022, supplies from abroad of mattocks, picks, hoes and rakes decreased by -7.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, mattocks and rakes imports totaled $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; 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 21%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Japan (X tons) represented the main importer of mattocks, picks, hoes and rakes, mixing up 54% of total imports. South Korea (X tons) ranks second in terms of the total imports with a 33% share, followed by Taiwan (Chinese) (12%).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +4.2%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported mattocks, picks, hoes and rakes in Eastern Asia, comprising 69% of total imports. The second position in the ranking was held by South Korea ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Japan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+15.4% per year) and Taiwan (Chinese) (+0.2% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by 8.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2018 an increase of 10% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :