Taiwan (Chinese): Hand Tools Market 2022

Hand Tools Market Size in Taiwan (Chinese)

The Taiwanese hand tools market expanded significantly to $X in 2020, growing by X% against the previous year. Over the period under review, the total consumption indicated strong growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, the market hit record highs in 2020 and is likely to continue growth in years to come.

Hand Tools Production in Taiwan (Chinese)

In value terms, hand tools production declined slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2011 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Hand Tools Exports

Exports from Taiwan (Chinese)

In 2020, shipments abroad of hand tools decreased by -X% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a mild setback. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, hand tools exports contracted slightly to $X in 2020. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2019, and then declined modestly in the following year.

Exports by Country

The Netherlands (X tons), South Africa (X tons) and Switzerland (X tons) were the main destinations of hand tools exports from Taiwan (Chinese), with a combined X% share of total exports. These countries were followed by Mozambique, Montenegro, Sri Lanka, Pakistan, Thailand, Spain, Canada and Georgia, which together accounted for a further X 2007 to 2020, the biggest increases were in Sri Lanka (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), South Africa ($X) and Thailand ($X) constituted the largest markets for hand tools exported from Taiwan (Chinese) worldwide, together accounting for X% of total exports. Switzerland, Mozambique, Sri Lanka, Canada, Pakistan, Spain, Georgia and Montenegro lagged somewhat behind, together comprising a further X Lanka (+X% per year) recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand tools export price stood at $X per ton in 2020, approximately reflecting the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The export price peaked at $X per ton in 2019, and then declined modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Thailand ($X per ton), while the average price for exports to Montenegro ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka, while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Taiwan (Chinese)

In 2020, supplies from abroad of hand tools increased by X% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, hand tools imports expanded significantly to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of hand tools imports to Taiwan (Chinese), with a combined X% share of total imports. These countries were followed by the U.S., Poland, Turkey and Spain, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hand tools suppliers to Taiwan (Chinese) were China ($X), the U.S. ($X) and India ($X), together accounting for X% of total imports.

Among the main suppliers, China saw the highest rates of growth with regard to the value of imports, 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 2020, approximately reflecting the previous year. Over the period under review, import price indicated a tangible increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, hand tools import price decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2009 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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