Global Hand Tools Market 2020

Hand Tools Market Size

The global hand tools market revenue amounted to $X in 2017, dropping by -X% against the previous year. In general, hand tools consumption continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Over the period under review, the global hand tools market attained its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Hand Tools Production

In 2017, the global production of pneumatic tools for working in the hand amounted to X units, jumping by X% against the previous year. Overall, hand tools production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when the output figure increased by X% y-o-y. Over the period under review, the global hand tools production reached its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Hand Tools Exports

In 2017, approx. X units of pneumatic tools for working in the hand were exported worldwide; growing by X% against the previous year. Overall, the total exports indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the hand tools exports increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2017, when it surged by X% against the previous year. In that year, the global hand tools exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, hand tools exports stood at $X in 2017. In general, hand tools exports continue to indicate a relatively flat trend pattern. Global exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Hand Tools Exports by Country

Taiwan, Chinese was the main exporting country with an export of around X units, which amounted to X% of total exports. The U.S. (X units) took the second position in the ranking, followed by Japan (X units), Italy (X units) and Germany (X units). All these countries together occupied near X% share of total exports. Singapore (X units) followed a long way behind the leaders.

Exports from Taiwan, Chinese increased at an average annual rate of +X% from 2007 to 2017. At the same time, Italy (+X%), Germany (+X%), Singapore (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The U.S. experienced a relatively flat trend pattern. Germany (-X%), Italy (-X%) and Taiwan, Chinese (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan, Chinese ($X) remains the largest hand tools supplier worldwide, making up X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Taiwan, Chinese totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Germany (+X% per year).

Hand Tools Export Prices by Country

In 2017, the average hand tools export price amounted to $X per unit, shrinking by -X% against the previous year. Overall, hand tools export price continues to indicate an abrupt setback. The most prominent rate of growth was recorded in 2012, when it surged by X% year-to-year. In that year, the average export prices for pneumatic tools for working in the hand reached their peak level of $X per unit. From 2013 to 2017, growth of the average export prices for pneumatic tools for working in the hand failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Germany ($X per unit), while Italy ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the U.S. (-X% per year), while the other global leaders experienced a decline in the export price figures.

Hand Tools Imports

In 2017, the amount of pneumatic tools for working in the hand imported worldwide totaled X units, rising by X% against the previous year. Overall, hand tools imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, with an increase of X% y-o-y. Over the period under review, the global hand tools imports attained its peak figure volume of X units in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, hand tools imports totaled $X in 2017. In general, hand tools imports continue to indicate a relatively flat trend pattern. Global imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Hand Tools Imports by Country

In 2017, the U.S. (X units) represented the largest importer for pneumatic tools for working in the hand, committing X% of total imports. Saudi Arabia (X units) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Canada (X%). India (X units), Thailand (X units), Mexico (X units), Indonesia (X units), Russia (X units) and South Africa (X units) held the minor share of total imports.

From 2007 to 2017, average annual rates of growth with regard to hand tools imports into the U.S. stood at +X%. At the same time, Indonesia (+X%), India (+X%), Saudi Arabia (+X%), Thailand (+X%), Russia (+X%), South Africa (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. By contrast, Canada (-X%) illustrated a downward trend over the same period. While the share of Thailand (-X%), Indonesia (-X%), India (-X%), Saudi Arabia (-X%) and the U.S. (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported pneumatic tools for working in the hand worldwide, making up X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in the U.S. totaled +X%. In the other countries, the average annual rates were as follows: Canada (-X% per year) and Saudi Arabia (+X% per year).

Hand Tools Import Prices by Country

In 2017, the average hand tools import price amounted to $X per unit, growing by X% against the previous year. In general, hand tools import price continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2011, an increase of X% against the previous year. Over the period under review, the average import prices for pneumatic tools for working in the hand attained its peak figure level of $X per unit in 2013; however, from 2014 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Mexico ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Russia (+X% per year), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform