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Japan - Interchangeable Tools For Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Japan - Interchangeable Tools For Hand Tools - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Sep 4, 2023

Significant Drop in Price of Interchangeable Tools in Japan: Now $28.4 per kg

Japan Interchangeable Tool Export Price in April 2023

In April 2023, the interchangeable tool price amounted to $28,429 per ton (FOB, Japan), shrinking by -12.6% against the previous month. Overall, the export price saw a slight decline. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 31% against the previous month. Over the period under review, the average export prices hit record highs at $50,853 per ton in August 2022; however, from September 2022 to April 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In April 2023, the country with the highest price was Thailand ($127K per ton), while the average price for exports to Mexico ($13,475 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 Thailand (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Japan Interchangeable Tool Export Prices By Country (USD Per Ton)
COUNTRYExport Price of Interchangeable Tool in Japan (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Thailand34,32697,91156,42569,87764,40560,35680,365105,73866,42455,14660,655139,387126,766
United States19,98220,99525,89334,55854,44535,77426,09728,07131,87122,85227,42931,79424,144
China92,04036,99440,14165,58157,13233,38048,68942,28173,97836,99059,24959,28223,650
Indonesia27,74323,43628,93714,43235,77571,77417,57551,80732,06816,20214,64623,63920,680
Mexico19,91156,68833,77748,56215,02618,28126,97624,59119,46414,01212,68513,97913,475
Average32,32835,25442,27647,00650,85331,14040,75049,18744,09031,39132,86332,54528,429

Japan Interchangeable Tool Exports

In April 2023, overseas shipments of interchangeable tools for hand tools increased by 17% to 5.8K tons, rising for the fifth month in a row after two months of decline. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when exports increased by 78% m-o-m. Over the period under review, the exports attained the peak figure in April 2023.

In value terms, interchangeable tool exports rose modestly to $165M (IndexBox estimates) in April 2023. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 with an increase of 16% m-o-m.

Japan Interchangeable Tool Exports by Country

Mexico (1.9K tons), the United States (1.6K tons) and China (1.3K tons) were the main destinations of interchangeable tool exports from Japan, with a combined 83% share of total exports. These countries were followed by Turkey, Indonesia, India and Thailand, which together accounted for a further 11%.

From April 2022 to April 2023, the biggest increases were in Turkey (with a CAGR of +50.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($39M), China ($30M) and Mexico ($26M) were the largest markets for interchangeable tool exported from Japan worldwide, with a combined 58% share of total exports. Thailand, Indonesia, India and Turkey lagged somewhat behind, together accounting for a further 13%.

Turkey, with a CAGR of +21.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the interchangeable tool market in Japan. 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 25734014 - Tapping tools for working metal
  • Prodcom 25734016 - Threading tools for working metal
  • Prodcom 25734019 - Tapping or threading tools (excluding work and tool holders for machines or hand tools, for working metal)
  • Prodcom 25734023 - Drilling tools with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for rock drilling)
  • Prodcom 25734025 - Masonry drills with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for rock drilling)
  • Prodcom 25734027 - Drilling tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
  • Prodcom 25734031 - Drilling tools with working part of high speed steel, for working metal excluding work and tool holders for machines or hand tools - for rock drilling
  • Prodcom 25734033 - Drilling tools with working part of materials other than diamond, agglomerated diamond or sintered metal carbide, f or working metal excluding with working part of high speed steel
  • Prodcom 25734035 - Drilling tools (excluding work and tool holders for machines or hand tools, with working part of diamond or agglomerated diamond, for rock drilling, masonry drills, for working metal)
  • Prodcom 25734037 - Boring or broaching tools with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for earth boring)
  • Prodcom 25734044 - Boring tools for working metal, with working part of materials other than diamond or agglomerated diamond
  • Prodcom 25734045 - Boring or broaching tools (excluding work and tool holders for machines or hand tools, with diamond or agglomerated diamond working parts, for working metal, for earth boring)
  • Prodcom 25734048 - Broaching tools for working metal, with working part of materials other than diamond or agglomerated diamond
  • Prodcom 25734050 - Milling tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
  • Prodcom 25734061 - Shank type milling tools for working metal (excluding with working part of sintered metal carbide)
  • Prodcom 25734065 -
  • Prodcom 25734067 -
  • Prodcom 25734069 - Milling tools (excluding for working metal)
  • Prodcom 25734071 - Turning tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
  • Prodcom 25734074 - Turning tools for working metal, with working part of materials other than cermets
  • Prodcom 25734079 - Turning tools (excluding work and tool holders for machines or hand tools, for working metal)
  • Prodcom 25734081 - Other interchangeable tools of CN .82.07 with working part of diamond
  • Prodcom 25734083 - Screwdriver bits with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
  • Prodcom 25734085 - Gear-cutting tools with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
  • Prodcom 25734087 - Interchangeable hand tools with working part of sintered metal carbide excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
  • Prodcom 25734089 - Interchangeable tools in other materials
  • Prodcom 25736013 - Rock drilling or earth boring tools with working part of cermets
  • Prodcom 25736018 - Rock-drilling or earth-boring tools, interchangeable, and parts therefor, with working parts of materials other than sintered metal carbide or cermets
  • Prodcom 25736023 - Dies for drawing or extruding metal, with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
  • Prodcom 25736024 - Dies for drawing or extruding metal (excluding unmounted plates, sticks, tips, rods, pellets, rings, etc. of sintered metal carbides or cermets)
  • Prodcom 25736033 - Pressing, stamping or punching tools for working metal (excluding work and tool holders for machines or hand tools)
  • Prodcom 25736039 - Pressing, stamping or punching tools (excluding work and tool holders for machines or hand tools, for working metal)

Country coverage:

  • Japan

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Japan
  • 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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Free Data: Interchangeable Tools For Hand Tools - Japan
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