Which Country Imports the Most Hand Tools in the World?
Cutlery, Hand Tools And General Hardware May 28, 2018
In 2016, the amount of hand tools imported worldwide totaled 826K tonnes, approximately reflecting the previous year level. The total import volume increased at an average annual rate of +1.8% from 2007 to 2016; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2013, when import increased by 9% y-o-y. Over the period under review, global hand tools imports reached its maximum volume of 836K tonnes in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
In value terms, hand tools imports stood at $1.5B in 2016. The total import value increased at an average annual rate of +1.8% over the period from 2007 to 2016; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Global hand tools import peaked of $1.7B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
Top Hand Tools Importing Countries in the World
1. USA (302.7 million USD)
2. Germany (137.8 million USD)
3. United Kingdom (84.4 million USD)
4. Kenya (24.1 million USD)
5. Mexico (16.9 million USD)
6. South Africa (6.9 million USD)
7. Mozambique (6.6 million USD)
8. China (6.4 million USD)
9. India (1.7 million USD)
Hand Tools Imports By Country
In 2016, China (259K tonnes) was the largest importer for hand tools, comprising 31% of total imports. It was distantly followed by the U.S. (73K tonnes), and South Africa (65K tonnes), together achieving 17% share of total hand tools imports. India (25K tonnes), Mexico (22K tonnes), Mozambique (21K tonnes), Germany (21K tonnes), the UK (19K tonnes), and Kenya (17K tonnes) took the mild share of total imports.
China experienced a relatively flat trend pattern. At the same time, Mozambique (+40.0%), South Africa (+39.3%), Kenya (+14.3%), the U.S. (+2.2%), and India (+1.3%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest growing importer/exporter in the world, with a CAGR of +40.0% from 2007-2016. Mexico experienced a relatively flat trend pattern. By contrast, the UK (-1.5%), and Germany (-2.1%) illustrated a downward trend over the same period. The U.S. (-1.6%), Mozambique (-2.5%), and South Africa (-7.5%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the U.S. ($303M) constitutes the largest market for imported hand tools worldwide, making up 20% of global imports. The second position in the ranking was occupied by Germany ($138M), with the share of 9% of global imports. It was followed by the UK, with the share of 6%.
From 2007 to 2016, the average annual rate of growth in terms of value of hand tools imports in the U.S. stood at +2.6%. The remaining importing countries recorded the following average annual rates: Germany (+2.4% per year) and the UK (-0.8% per year).
Hand Tools Import Prices By Country
In 2016, the average import price for hand tools amounted to $1,821 per tonne, descending by -3.1% against the previous year. Overall, hand tools import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when import increased by 9% against the previous year level. In that year, average hand tools import price reached its maximum level of $2,121 per tonne. From 2012 to 2016, growth of average hand tools import price stood at a somewhat lower level.
Import prices varied noticeably by country of destination. the country with the highest import prices was Germany ($6,598 per tonne), while China ($25 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of hand tools import prices was attained by China (+10.7% per year), while the other global leaders experienced more modest paces of growth.
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- hand tools market share
- hand tools prices
- hand tools industry
- hand tools sales
- hand tools import
- hand tools export
- hand tools market forecast
- hand tools price forecast
- key hand tools producers
All data provided in this article covers the following product: HS Code 8201 - Tools, hand; spades, shovels, mattocks, picks, hoes, forks, rakes; axes, bill hooks etc; secateurs and pruners of any kind; scythes, sickles, hay knives, hedge shears, timber wedges and other tools used in agriculture, horticulture, forestry.
Source: World: Hand Tools - Market Report. Analysis and Forecast to 2025
