Which Country Imports the Most Electro-Mechanical Tools in the World?
Power-Driven Hand Tools May 28, 2018
IndexBox has just published a new report "World: Electro-Mechanical Tools (Drills Of All Kinds, Saws Or Other) - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
In 2016, the global imports of electro-mechanical tool totaled 1.9M tonnes, picking up by 3% against the previous year figure. Overall, electro-mechanical tool imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, an increase of 11% against the previous year level. Over the period under review, global electro-mechanical tool imports reached its maximum volume in 2016, and are expected to retain its growth in the near future.
In value terms, electro-mechanical tool imports stood at $23B in 2016. The total import value increased at an average annual rate of +1.3% from 2007 to 2016- the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, global electro-mechanical tool imports attained its maximum level of $24B in 2014- however, from 2015 to 2016, it stood at a somewhat lower level.
Top Electro-Mechanical Tool Importing Countries in the World
1. USA (5.3 billion USD)
2. Germany (2.1 billion USD)
3. France (1.2 billion USD)
4. United Kingdom (1.0 billion USD)
5. Belgium (1.0 billion USD)
6. China (0.6 billion USD)
7. Netherlands (0.6 billion USD)
8. Japan (0.5 billion USD)
9. Russia (0.5 billion USD)
10. Mexico (0.4 billion USD)
11. China, Hong Kong SAR (0.4 billion USD)
12. Indonesia (0.1 billion USD)
Electro-Mechanical Tool Imports By Country
In 2016, China (405K tonnes), distantly followed by the U.S. (239K tonnes), and Germany (119K tonnes) were the major importers of electro-mechanical tool, together comprising 41% of total imports. The following importers - the UK (76K tonnes), France (61K tonnes), Japan (60K tonnes), Indonesia (58K tonnes), Russia (53K tonnes), Belgium (47K tonnes), the Netherlands (41K tonnes), China, Hong Kong SAR (39K tonnes), and Mexico (35K tonnes) together made up 25% of total imports.
From 2007 to 2016, the most notable growth rate of electro-mechanical tool imports, among the main importing countries, was attained by Indonesia (+27.8% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($5.3B) constitutes the largest market for imported electro-mechanical tool worldwide, making up 23% of global imports. The second position in the ranking was occupied by Germany ($2.1B), with the share of 9% of global imports. It was followed by France, with the share of 5%.
From 2007 to 2016, the average annual rate of growth in terms of value of electro-mechanical tool imports in the U.S. stood at +3.1%. The remaining importing countries recorded the following average annual rates: Germany (+1.7% per year) and France (-0.0% per year).
Electro-Mechanical Tool Import Prices By Country
In 2016, the average import price for electro-mechanical tool amounted to $12 per kg, import ,therefore, remained relatively stable against the previous year level. Overall, electro-mechanical tool import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when import price increased by 9% against the previous year level. Over the period under review, average electro-mechanical tool import price reached its maximum level of $13 per kg in 2013- however, from 2014 to 2016, it stood at a somewhat lower level.
There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was the U.S. ($22 per kg), while China ($1,488 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of electro-mechanical tool import prices was attained by Mexico (+14.2% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global electro-mechanical tool market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- electro-mechanical tool market share
- electro-mechanical tool prices
- electro-mechanical tool industry
- electro-mechanical tool sales
- electro-mechanical tool import
- electro-mechanical tool export
- electro-mechanical tool market forecast
- electro-mechanical tool price forecast
- key electro-mechanical tool producers
All data provided in this article covers the following product: HS Code 8467 - Tools- for working in the hand, pneumatic, hydraulic or with self-contained electric or non-electric motor.
