Hand Sieve Market

The hand sieve market is expected to show a negative trend in both consumption and value over the next eight years, with a decrease in market volume and value forecasted. Global consumption and production of hand sieves are examined, with insights into the top importing and exporting countries. The article highlights the significant growth in consumption and production of hand sieves in recent years, as well as the fluctuations in import and export prices. The analysis provides valuable information for businesses and policymakers operating in the hand sieve market.

Market Forecast

The hand sieve market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.7% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 49M units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of -1.2% for the period from 2022 to 2030, which is projected to bring the market value to $992M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Hand Sieves And Hand Riddles

Global hand sieve consumption skyrocketed to 51M units in 2022, picking up by 37% compared with the year before. In general, consumption continues to indicate resilient growth. Over the period under review, global consumption reached the maximum volume in 2022 and is likely to see gradual growth in the immediate term.

The global hand sieve market size soared to $1.1B in 2022, growing by 126% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the Philippines (11M units), Germany (7.2M units) and Brazil (5.8M units), with a combined 47% share of global consumption.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +111.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($151M), Romania ($141M) and France ($93M) were the countries with the highest levels of market value in 2022, together comprising 35% of the global market. Poland, Austria, Russia, the Netherlands, the UK, Belgium, the Philippines, China and Brazil lagged somewhat behind, together comprising a further 23%.

In terms of the main consuming countries, the Philippines, with a CAGR of +76.6%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of hand sieve per capita consumption in 2022 were Austria (162 units per 1000 persons), the Philippines (96 units per 1000 persons) and Germany (87 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the Philippines (with a CAGR of +108.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Hand Sieves And Hand Riddles

For the third consecutive year, the global market recorded growth in production of hand sieves and hand riddles, which increased by 0.7% to 14M units in 2022. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 4% against the previous year. Over the period under review, global production attained the maximum volume in 2022 and is likely to continue growth in the near future.

In value terms, hand sieve production expanded rapidly to $206M in 2022 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 29%. As a result, production reached the peak level of $218M. From 2021 to 2022, global production growth failed to regain momentum.

Production By Country

The country with the largest volume of hand sieve production was China (8.6M units), comprising approx. 62% of total volume. Moreover, hand sieve production in China exceeded the figures recorded by the second-largest producer, India (1.5M units), sixfold. The UK (762K units) ranked third in terms of total production with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: India (+0.9% per year) and the UK (+0.4% per year).

Imports

World Imports of Hand Sieves And Hand Riddles

In 2022, overseas purchases of hand sieves and hand riddles increased by 49% to 57M units, rising for the seventh consecutive year after two years of decline. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 106% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hand sieve imports reduced modestly to $81M in 2022. Over the period under review, imports recorded buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 51%. As a result, imports reached the peak of $85M, and then fell modestly in the following year.

Imports By Country

The Philippines (11M units) and Germany (11M units) represented roughly 38% of total imports in 2022. Brazil (6.2M units) ranks next in terms of the total imports with an 11% share, followed by the Netherlands (5.4%) and Poland (5%). Belarus (2.4M units), France (2.2M units), Austria (1.9M units), Italy (1.5M units), Spain (1.2M units), Romania (1.2M units) and Belgium (1.1M units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +111.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the Philippines ($15M), Germany ($11M) and France ($3.3M) constituted the countries with the highest levels of imports in 2022, together accounting for 36% of global imports.

The Philippines, with a CAGR of +76.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average hand sieve import price amounted to $1.4 per unit, waning by -36.1% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 10%. Over the period under review, average import prices hit record highs at $6.9 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($1.5 per unit), while Belarus ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-1.2%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Hand Sieves And Hand Riddles

For the third year in a row, the global market recorded growth in shipments abroad of hand sieves and hand riddles, which increased by 35% to 19M units in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 60%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, hand sieve exports dropped to $33M in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of $37M, and then contracted in the following year.

Exports By Country

In 2022, China (3.9M units) and Germany (3.6M units) represented the largest exporters of hand sieves and hand riddlesacross the globe, together resulting at approx. 39% of total exports. The Netherlands (2.1M units) held the next position in the ranking, followed by Belarus (2M units), Italy (1.2M units) and India (1.2M units). All these countries together held approx. 34% share of total exports. Spain (849K units), Poland (812K units), Austria (622K units), France (591K units), Thailand (379K units) and Brazil (358K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +63.5%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest hand sieve supplying countries worldwide were Germany ($6.5M), China ($3.7M) and the Netherlands ($2.1M), with a combined 37% share of global exports. Italy, France, Poland, Spain, India, Austria, Belarus, Brazil and Thailand lagged somewhat behind, together comprising a further 25%.

Belarus, with a CAGR of +48.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average hand sieve export price amounted to $1.7 per unit, reducing by -33.7% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2019 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices reached the peak figure at $8.2 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($2.3 per unit), while Thailand ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.3%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform