Eastern Asia: Hand Tools Market 2020

Hand Tools Market Size in Eastern Asia

The revenue of the hand tools market in Eastern Asia amounted to $X in 2017, falling by -X% against the previous year. The hand tools consumption continues to indicate a remarkable growth. The pace of growth was the most pronounced in 2008, when market value increased by X% against the previous year. Over the period under review, the hand tools market attained its maximum level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Hand Tools Production in Eastern Asia

The hand tools production stood at X units in 2017, remaining relatively unchanged against the previous year. The hand tools production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, when the output figure increased by X% year-to-year. In that year, the hand tools production reached their peak volume of X units. From 2015 to 2017, growth of the hand tools production stood at a somewhat lower level.

Hand Tools Exports in Eastern Asia

The exports totaled X units in 2017, jumping by X% against the previous year. The hand tools exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013, when it surged by X% year-to-year. The volume of exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, hand tools exports totaled $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the hand tools exports attained its maximum level in 2017, and are expected to retain its growth in the near future.

Hand Tools Exports by Country in Eastern Asia

Taiwan, Chinese was the major exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by Japan (X units), generating X% share of total exports. China (X units) followed a long way behind the leaders.

Taiwan, Chinese was also the fastest growing in terms of the pneumatic tools for working in the hand exports, with a CAGR of +X% from 2007 to 2017. At the same time, Japan (+X%) displayed positive paces of growth. By contrast, China (-X%) illustrated a downward trend over the same period. While the share of China (X%) increased significantly in terms of the global exports from 2007-2017, the share of Japan (-X%) and Taiwan, Chinese (-X%) displayed negative dynamics.

In value terms, Taiwan, Chinese ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2017, together accounting for X% of total exports.

Taiwan, Chinese (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced mixed trends in the exports figures.

Hand Tools Export Prices by Country in Eastern Asia

The hand tools export price in Eastern Asia stood at $X per unit in 2017, reducing by -X% against the previous year. The hand tools export price continues to indicate a measured decrease. The pace of growth was the most pronounced in 2012, when it surged by X% y-o-y. In that year, the export prices for pneumatic tools for working in the hand attained their peak level of $X per unit. From 2013 to 2017, growth of the export prices for pneumatic tools for working in the hand stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was China ($X thousand per unit), while Japan ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced a decline in the export price figures.

Hand Tools Imports in Eastern Asia

In 2017, imports of pneumatic tools for working in the hand in Eastern Asia amounted to X units, shrinking by -X% against the previous year. The hand tools imports continue to indicate a deep shrinkage. The pace of growth appeared the most rapid in 2010, when imports increased by X% y-o-y. In that year, the hand tools imports attained their peak volume of X units. From 2011 to 2017, growth of the hand tools imports failed to regain its momentum.

In value terms, hand tools imports stood at $X in 2017. The hand tools imports continue to indicate a relatively flat trend pattern. Over the period under review, the hand tools imports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Hand Tools Imports by Country in Eastern Asia

In 2017, China (X units) represented the major importer for pneumatic tools for working in the hand, creating X% of total imports. It was distantly followed by Taiwan, Chinese (X units), Japan (X units) and China, Hong Kong SAR (X units), together constituting X% share of total imports. South Korea (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of pneumatic tools for working in the hand imports. Japan (-X%), China, Hong Kong SAR (-X%), Taiwan, Chinese (-X%) and South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Taiwan, Chinese, Japan, South Korea and China, Hong Kong SAR increased by X%, X%, X% and X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported pneumatic tools for working in the hand in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In China, hand tools imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and Japan (-X% per year).

Hand Tools Import Prices by Country in Eastern Asia

The hand tools import price in Eastern Asia stood at $X per unit in 2017, increasing by X% against the previous year. The hand tools import price continues to indicate a remarkable growth. The pace of growth appeared the most rapid in 2017, an increase of X% against the previous year. In that year, the import prices for pneumatic tools for working in the hand attained their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was South Korea ($X thousand per unit), while Taiwan, Chinese ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform