Report Update Feb 1, 2025

Philippines - Hand Tools - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Hand Tools Market 2025

Hand Tools Market Size in the Philippines

After three years of decline, the Philippine hand tools market increased by 15% to $X in 2021. Overall, consumption posted a pronounced increase. Hand tools consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Hand Tools Exports

Exports from the Philippines

In 2021, the amount of hand tools exported from the Philippines rose significantly to X tons, picking up by 8.8% on 2020 figures. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 74%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hand tools exports surged to $X in 2021. Overall, exports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2019 with an increase of 76% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for hand tools exports from the Philippines, accounting for a 51% share of total exports. Moreover, hand tools exports to Japan exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+13.1% per year) and the United States (-6.0% per year).

In value terms, Japan ($X) remains the key foreign market for hand tools exports from the Philippines, comprising 53% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Japan stood at -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+17.6% per year) and the United States (+3.9% per year).

Export Prices by Country

In 2021, the average hand tools export price amounted to $X per ton, rising by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2016 an increase of 31%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Thailand ($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 Vietnam (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into the Philippines

After three years of decline, purchases abroad of hand tools increased by 14% to X tons in 2021. In general, imports, however, saw a deep reduction. The growth pace was the most rapid in 2013 when imports increased by 67% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, hand tools imports rose remarkably to $X in 2021. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 98% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of hand tools imports to the Philippines, with a combined 78% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +16.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) were the largest hand tools suppliers to the Philippines, with a combined 74% share of total imports. These countries were followed by the United States, Singapore, Hong Kong SAR and South Korea, which together accounted for a further 15%.

Hong Kong SAR, with a CAGR of +33.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hand tools import price stood at $X per ton in 2021, remaining stable against the previous year. In general, the import price saw a significant increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 190% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+36.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hand tools in the world?

The countries with the highest volumes of hand tools consumption in 2020 were China, the United States and Russia, with a combined 46% share of global consumption.

What are the largest producers of hand tools in the world?

The country with the largest volume of hand tools production was China, comprising approx. 62% of total volume. Moreover, hand tools production in China exceeded the figures recorded by the second-largest producer, the United States, ninefold. The third position in this ranking was occupied by Taiwan Chinese), with a 6% share.

What are the leading suppliers of hand tools to the Philippines?

In value terms, China constituted the largest supplier of hand tools to the Philippines, comprising 49% of total imports. The second position in the ranking was occupied by Japan, with a 20% share of total imports. It was followed by Taiwan Chinese), with a 6.6% share.

What are the leading importers of hand tools from the Philippines?

In value terms, Japan remains the key foreign market for hand tools exports from the Philippines, comprising 65% of total exports. The second position in the ranking was occupied by the United States, with a 14% share of total exports. It was followed by China, with a 7.2% share.

What is the average export price for hand tools in the Philippines?

In 2020, the average hand tools export price amounted to $18,071 per ton, waning by -21% against the previous year.

What is the average import price for hand tools in the Philippines?

The average hand tools import price stood at $11,086 per ton in 2020, jumping by 28% against the previous year.

This report provides an in-depth analysis of the hand tools market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25731010 - Spades and shovels
Prodcom 25731020 -
Prodcom 25731030 - Mattocks, picks, hoes and rakes
Prodcom 25731040 - Axes, bill hooks and similar hewing tools (excluding ice axes)
Prodcom 25731050 - Secateurs and similar one-handed pruners and shears (including poultry shears) (excluding secateur type scissors with secateur blades with finger rings, pruning knives)
Prodcom 25731060 - Hedge shears, two-handed pruning shears and similar twohanded shears
Prodcom 25731070 -
Prodcom 25732010 - Hand saws (excluding hand saws with a self-contained motor)
Prodcom 25732020 - Band saw blades
Prodcom 25732030 - Circular saw blades with steel working parts (including slotting or slitting saw blades)
Prodcom 25732050 - Circular saw blades with non-steel working parts (including slitting or slotting saw blades, parts)
Prodcom 25732093 - Straight saw blades for working metal
Prodcom 25732095 -
Prodcom 25732099 -
Prodcom 25733013 - Files, rasps and similar tools (excluding punches and files for machine tools)
Prodcom 25733015 -
Prodcom 25733017 -
Prodcom 25733023 - Metal cutting shears and similar hand tools
Prodcom 25733025 - Pipe-cutters, bolt croppers, perforating punches and similar tools excluding punches and files for machine tools, machinetype metal cutting shears and office perforating punches, t icket punches
Prodcom 25733033 - Non-adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
Prodcom 25733035 - Adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
Prodcom 25733037 - Interchangeable spanner sockets
Prodcom 25733053 - Drilling, threading or tapping hand tools excluding interchangeable hand tools, machine-tools or power-operated hand tools, pneumatic tools or hand tools with a selfcontained motor
Prodcom 25733055 - Hammers and sledge hammers with working part of metal
Prodcom 25733057 - Planes, chisels, gouges and similar cutting tools for working wood
Prodcom 25733063 - Screwdrivers
Prodcom 25733065 - Household hand tools
Prodcom 25733073 - Other tools for masons, moulders, cement workers, plasterers and painters
Prodcom 25733077 - Other hand tools (including cartridge operated riveting) w allplugging and similar hand tools
Prodcom 25733083 - Blow lamps (excluding gas-operated welding appliances)
Prodcom 25733085 - Vices, clamps and the like
Prodcom 25733087 - Anvils, portable forges, hand or pedal-operated grinding wheels with frameworks (excluding grindstones and the like presented separately)
Prodcom 25732097 - Saw blades with working part of base metal (excluding band saw blades, circular saw blades, musical saw blades)
Prodcom 25733016 - Pliers, including cutting pliers, pincers and tweezers for nonmedical use and similar hand tools, of base metal

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024