Thailand: Hand Tools Market 2025

Hand Tools Market Size in Thailand

The Thai hand tools market expanded rapidly to $X in 2021, growing by 13% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.4% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Hand Tools Production in Thailand

In value terms, hand tools production soared to $X in 2021 estimated in export price. Over the period under review, production posted a buoyant increase. The growth pace was the most rapid in 2018 when the production volume increased by 42%. Hand tools production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Hand Tools Exports

Exports from Thailand

Hand tools exports from Thailand surged to X tons in 2021, increasing by 26% compared with the year before. Overall, exports recorded a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, hand tools exports surged to $X in 2021. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2018 when exports increased by 65%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for hand tools exports from Thailand, accounting for a 40% share of total exports. Moreover, hand tools exports to the United States exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by Myanmar (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+47.9% per year) and Myanmar (+31.1% per year).

In value terms, the United States ($X) remains the key foreign market for hand tools exports from Thailand, comprising 42% of total exports. The second position in the ranking was held by China ($X), with a 12% share of total exports. It was followed by Japan, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+34.2% per year) and Japan (+3.8% per year).

Export Prices by Country

In 2021, the average hand tools export price amounted to $X per ton, which is down by -4.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 20%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Maldives ($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 Sri Lanka (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Thailand

In 2021, approx. X tons of hand tools were imported into Thailand; increasing by 46% on 2020. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand tools imports expanded notably to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 290% 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

In 2021, China (X tons) constituted the largest supplier of hand tools to Thailand, accounting for a 85% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.1% per year) and India (-0.1% per year).

In value terms, China ($X) constituted the largest supplier of hand tools to Thailand, comprising 46% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.0% per year) and Taiwan (Chinese) (-3.6% per year).

Import Prices by Country

The average hand tools import price stood at $X per ton in 2021, waning by -22.3% against the previous year. In general, the import price recorded a pronounced descent. The growth pace was the most rapid in 2017 an increase of 176% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :