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China - Planes, Chisels And Gouges For Working Wood - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

China - Planes, Chisels And Gouges For Working Wood - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Jul 2, 2023

Gouges and Chisels Export in China Reduces Notably to $9.2M in April 2023

China Gouges And Chisels Exports

In April 2023, the amount of planes, chisels and gouges for working wood exported from China expanded to 1.4K tons, surging by 2.8% against March 2023 figures. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 with an increase of 185% against the previous month.

In value terms, gouges and chisels exports dropped to $9.2M (IndexBox estimates) in April 2023. In general, total exports indicated a noticeable increase from April 2022 to April 2023: its value increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, exports increased by +175.9% against February 2023 indices. The most prominent rate of growth was recorded in March 2023 with an increase of 209% month-to-month.

COUNTRYExport Value of Gouges And Chisels in China (thousand USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
United States9031,6541,4642,8722,8691,2031,3111,5531,5071,9278432,6011,663
India28452146138338255132243151359527.6490908
United Kingdom431364593423550458338353223584135423340
Germany26358861352358533041723038639620.9414291
Russia80.2144222264657160360159208267209345279
Saudi Arabia10311779.414314314311819919724310.063.3268
France21626950339419919428025721655.8107216235
Philippines339286453235228344349147753189106213220
Indonesia242718669538381352470413496255156539157
Poland14017922735211916376.267.712018038.2114155
Mexico23422911412710730818555.626931271.9270149
Brazil88.110143.612810511811514512717611.053.8119
Peru68.830.670.211344.350.082.751.570.549.223.864.4119
Others3,7274,0924,1355,1434,2235,1324,1325,4084,1885,5691,5714,4714,280
Total7,1209,2929,64711,63710,5929,5088,5549,4699,27310,7993,32910,2779,183

Exports by Country

The United States (179 tons), India (126 tons) and the UK (61 tons) were the main destinations of gouges and chisels exports from China, with a combined 26% share of total exports. These countries were followed by Russia, Indonesia, France, Poland, Saudi Arabia, the Philippines, Mexico, Germany, Brazil and Peru, which together accounted for a further 27%.

From April 2022 to April 2023, the biggest increases were in Russia (with a CAGR of +10.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gouges and chisels exported from China were the United States ($1.7M), India ($908K) and the UK ($340K), with a combined 32% share of total exports. These countries were followed by Germany, Russia, Saudi Arabia, France, the Philippines, Indonesia, Poland, Mexico, Brazil and Peru, which together accounted for a further 22%.

In terms of the main countries of destination, Russia, with a CAGR of +10.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In April 2023, the gouges and chisels price amounted to $6,528 per ton (FOB, China), dropping by -13.1% against the previous month. Over the period from April 2022 to April 2023, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in July 2022 when the average export price increased by 12% m-o-m. The export price peaked at $7,508 per ton in March 2023, and then fell in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($9,278 per ton), while the average price for exports to Indonesia ($3,310 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the gouges and chisels market in China. 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 25733057 - Planes, chisels, gouges and similar cutting tools for working wood

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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