Overview of the Global Market for Hand-Operated Drilling, Threading or Tapping Tools

Market Size for Hand-Operated Drilling, Threading or Tapping Tools

In 2022, after four years of growth, there was significant decline in the global market for hand-operated drilling, threading or tapping tools, when its value decreased by -10.3% to $X. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level at $X in 2021, and then dropped in the following year.

Production of Hand-Operated Drilling, Threading or Tapping Tools

In value terms, production of hand-operated drilling, threading or tapping tools declined to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +25.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. Global production peaked at $X in 2021, and then declined in the following year.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports

In 2022, the amount of hand-operated drilling, threading or tapping tools exported worldwide expanded markedly to X tons, with an increase of 5.1% on the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of hand-operated drilling, threading or tapping tools rose notably to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, the global exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China was the largest exporting country with an export of around X tons, which amounted to 49% of total exports. It was distantly followed by the Netherlands (X tons) and India (X tons), together achieving a 12% share of total exports. The United States (X tons), Germany (X tons), Israel (X tons), Pakistan (X tons), Spain (X tons), the United Arab Emirates (X tons), Taiwan (Chinese) (X tons) and France (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hand-operated drilling, threading or tapping tool exports from China stood at +9.3%. At the same time, the Netherlands (+25.6%), France (+5.6%), Pakistan (+4.7%), the United Arab Emirates (+3.5%) and Israel (+1.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +25.6% from 2012-2022. Spain and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Germany (-1.7%), India (-6.4%) and the United States (-9.3%) illustrated a downward trend over the same period. China (+28 p.p.) and the Netherlands (+6.5 p.p.) significantly strengthened its position in terms of the global exports, while India and the United States saw its share reduced by -5.3% and -7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hand-operated drilling, threading or tapping tool supplier worldwide, comprising 29% of global exports. The second position in the ranking was held by the United States ($X), with a 14% share of global exports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +16.5%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+0.1% per year) and the Netherlands (+29.1% per year).

Export Prices by Country

In 2022, the average export price for hand-operated drilling, threading or tapping tools amounted to $X per ton, approximately equating the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 7.3%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.4%), while the other global leaders experienced more modest paces of growth.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports

Global imports of hand-operated drilling, threading or tapping tools reached X tons in 2022, picking up by 2.1% against the previous year's figure. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 36%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of global imports of remained at a somewhat lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools expanded to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 16%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) represented the largest importer of hand-operated drilling, threading or tapping tools, comprising 29% of total imports. The Netherlands (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by the UK (5.8%). France (X tons), Germany (X tons), the United States (X tons), India (X tons), Indonesia (X tons) and Russia (X tons) held a minor share of total imports.

Malaysia was also the fastest-growing in terms of the hand-operated drilling, threading or tapping tools imports, with a CAGR of +39.7% from 2012 to 2022. At the same time, the Netherlands (+17.3%), France (+14.1%), Germany (+4.2%) and the United States (+1.8%) displayed positive paces of growth. By contrast, the UK (-1.5%), India (-3.9%), Indonesia (-7.9%) and Russia (-16.9%) illustrated a downward trend over the same period. Malaysia (+28 p.p.), the Netherlands (+8.2 p.p.) and France (+2.8 p.p.) significantly strengthened its position in terms of the global imports, while India, the UK, Indonesia and Russia saw its share reduced by -1.9%, -2.4%, -3.3% and -11.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported hand-operated drilling, threading or tapping tools worldwide, comprising 26% of global imports. The second position in the ranking was held by Malaysia ($X), with a 7.1% share of global imports. It was followed by the United States, with a 5.9% share.

In the Netherlands, imports of hand-operated drilling, threading or tapping tools expanded at an average annual rate of +14.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+17.5% per year) and the United States (+2.5% per year).

Import Prices by Country

The average import price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. Global import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :