China - Hammers And Sledge Hammers With Working Part Of Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Hammer Price in China Reaches $3,558 per Ton Following Two Months of Consistent Growth
China Metal Hammer Export Price in December 2022
In December 2022, the metal hammer price stood at $3,558 per ton (FOB, China), approximately mirroring the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 12% against the previous month. As a result, the export price attained the peak level of $3,718 per ton. From October 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($5,396 per ton), while the average price for exports to Russia ($2,003 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
China Metal Hammer Exports
In December 2022, overseas shipments of hammers and sledge hammers with working part of metal increased by 6.5% to 7.7K tons, rising for the second consecutive month after three months of decline. Over the period under review, exports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in March 2022 when exports increased by 39% m-o-m. The exports peaked at 11K tons in January 2022; however, from February 2022 to December 2022, the exports stood at a somewhat lower figure.
In value terms, metal hammer exports rose significantly to $27M (IndexBox estimates) in December 2022. In general, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in March 2022 when exports increased by 47% month-to-month. Over the period under review, the exports hit record highs at 37K tons in July 2022; however, from August 2022 to December 2022, the exports stood at a somewhat lower figure.
China Metal Hammer Exports by Country
The United States (1.1K tons), Russia (561 tons) and Indonesia (549 tons) were the main destinations of metal hammer exports from China, with a combined 28% share of total exports. Germany, Brazil, Nigeria, the Netherlands, Taiwan (Chinese), Poland, the Philippines, the UK, Thailand and the United Arab Emirates lagged somewhat behind, together comprising a further 26%.
From January 2022 to December 2022, the biggest increases were in Nigeria (with a CAGR of +5.4%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the United States ($5.5M) remains the key foreign market for metal hammer exports from China, comprising 20% of total exports. The second position in the ranking was held by Indonesia ($1.3M), with a 4.7% share of total exports. It was followed by Russia, with a 4.1% share.
From January 2022 to December 2022, the average monthly rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Indonesia (-3.0% per month) and Russia (-2.2% per month).
Factors Contributing to Price Growth
One of the major factors driving the increase in metal hammer prices is the ongoing recovery of the Chinese economy, which has led to increased demand for construction and infrastructure projects. As a result, the demand for metal hammer, has also increased, leading to higher prices in the market.
Industry experts predict that this upward trend in metal hammer prices is set to continue in the coming months, as the Chinese government continues to invest heavily in infrastructure and construction projects. This is welcome news for manufacturers and suppliers, who are likely to benefit from the increased demand and higher prices in the market.
However, there are concerns that the rising prices of metal hammer could have a negative impact on small and medium-sized businesses in China, who may struggle to afford the higher costs. In addition, some experts warn that the increasing demand could lead to a shortage in supply, which could further push up prices in the market.
Overall, the rising metal hammer prices in China are a reflection of the country's strong economic recovery and growing demand in the manufacturing sector. While this trend is likely to continue in the short-term, it remains to be seen how sustainable these higher prices will be in the long-term and whether they will have wider economic implications for the country.
This report provides an in-depth analysis of the metal hammer 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 25733055 - Hammers and sledge hammers with working part of metal
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
