India: Hand Tools Market 2025

Hand Tools Market Size in India

The Indian hand tools market shrank sharply to $X in 2021, falling by -23.7% against the previous year. Over the period under review, consumption recorded a sharp decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hand Tools Production in India

In value terms, hand tools production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 28%. Hand tools production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hand Tools Exports

Exports from India

Hand tools exports from India surged to X tons in 2021, jumping by 104% against the previous year. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hand tools exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for hand tools exports from India, with a 29% share of total exports. Moreover, hand tools exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.1% per year) and Germany (-0.1% per year).

In value terms, the United States ($X) remains the key foreign market for hand tools exports from India, comprising 32% of total exports. The second position in the ranking was held by the UK ($X), with an 8.4% share of total exports. It was followed by Germany, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.1% per year) and Germany (-1.2% per year).

Export Prices by Country

The average hand tools export price stood at $X per ton in 2021, waning by -22.5% against the previous year. In general, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hand tools export price decreased by -23.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 32%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Nepal (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into India

Hand tools imports into India surged to X tons in 2021, with an increase of 63% compared with 2020. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 95%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, hand tools imports skyrocketed to $X in 2021. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hand tools to India, accounting for a 76% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), tenfold. Germany (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.3% per year) and Germany (+2.5% per year).

In value terms, China ($X) constituted the largest supplier of hand tools to India, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.7% share of total imports. It was followed by Italy, with a 4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and Italy (-2.1% per year).

Import Prices by Country

The average hand tools import price stood at $X per ton in 2021, waning by -8.6% against the previous year. In general, the import price recorded a perceptible descent. The growth pace was the most rapid in 2019 when the average import price increased by 59%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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