Australia - Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHand Tools Price in Australia - 2023
Contents:
- Hand Tools Price in Australia (CIF) - 2023
- Hand Tools Price in Australia (FOB) - 2022
- Hand Tools Imports in Australia
- Hand Tools Exports in Australia
Hand Tools Price in Australia (CIF) - 2023
In July 2023, the average hand tools import price amounted to $17,545 per ton, shrinking by -1.8% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 49% month-to-month. As a result, import price attained the peak level of $24,075 per ton. From April 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($37,544 per ton), while the price for India ($10,398 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Hand Tools Price in Australia (FOB) - 2022
The average hand tools export price stood at $23,536 per ton in 2022, with an increase of 2.3% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand tools export price decreased by -1.7% against 2019 indices. The growth pace was the most rapid in 2018 when the average export price increased by 52% against the previous year. The export price peaked at $23,932 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($34,587 per ton), while the average price for exports to Pakistan ($5,543 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Hand Tools Imports in Australia
In 2022, approx. 45K tons of hand tools were imported into Australia; surging by 28% compared with 2021 figures. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, hand tools imports rose notably to $569M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Hand Tools in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 142 | 155 | 205 | 228 | 17.1% |
| Taiwan (Chinese) | 70.3 | 75.8 | 108 | 125 | 21.1% |
| United States | 50.8 | 50.3 | 61.9 | 70.6 | 11.6% |
| Germany | 21.2 | 24.5 | 29.3 | 33.3 | 16.2% |
| Switzerland | 9.4 | 14.4 | 14.7 | 17.1 | 22.1% |
| Japan | 7.3 | 7.6 | 8.8 | 10.0 | 11.1% |
| India | 5.3 | 4.7 | 7.5 | 8.4 | 16.6% |
| Others | 51.7 | 51.8 | 66.3 | 76.7 | 14.1% |
| Total | 358 | 384 | 501 | 569 | 16.7% |
Top Suppliers of Hand Tools to Australia in 2022:
- China (21.5K tons)
- Taiwan (Chinese) (10.1K tons)
- United States (3.4K tons)
- Germany (2.4K tons)
- India (1.0K tons)
- Switzerland (0.9K tons)
- Japan (0.7K tons)
Hand Tools Exports in Australia
In 2022, approx. 2.8K tons of hand tools were exported from Australia; picking up by 8.3% compared with 2021 figures. The total export volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, hand tools exports rose notably to $65M in 2022. The total export value increased at an average annual rate of +9.1% from 2019 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 34% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.
| Export of Hand Tools in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 15.5 | 13.0 | 19.3 | 20.4 | 9.6% |
| Papua New Guinea | 6.3 | 4.9 | 7.2 | 7.8 | 7.4% |
| United States | 4.6 | 4.5 | 5.4 | 5.6 | 6.8% |
| Vietnam | 0.2 | 1.2 | 2.3 | 3.0 | 146.6% |
| Singapore | 1.3 | 1.1 | 2.0 | 2.1 | 17.3% |
| United Kingdom | 0.8 | 1.5 | 2.0 | 2.1 | 37.9% |
| Mongolia | 4.2 | 1.3 | 0.7 | 2.0 | -21.9% |
| Indonesia | 1.1 | 1.2 | 1.2 | 1.3 | 5.7% |
| South Africa | 1.3 | 0.4 | 0.8 | 0.8 | -14.9% |
| Malaysia | 0.4 | 0.5 | 0.6 | 0.7 | 20.5% |
| Pakistan | N/A | N/A | 0.5 | 0.4 | -20.0% |
| Others | 14.5 | 14.0 | 16.9 | 19.0 | 9.4% |
| Total | 50.2 | 43.8 | 58.8 | 65.2 | 9.1% |
Top Export Markets for Hand Tools from Australia in 2022:
- New Zealand (913.2 tons)
- Papua New Guinea (293.7 tons)
- United States (268.3 tons)
- Vietnam (86.6 tons)
- United Kingdom (79.5 tons)
- Mongolia (75.0 tons)
- Indonesia (74.7 tons)
- South Africa (71.4 tons)
- Pakistan (64.4 tons)
- Singapore (61.3 tons)
- Malaysia (44.1 tons)
This report provides an in-depth analysis of the hand tools market in Australia. 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 25731010 - Spades and shovels
- Prodcom 25731020 -
- Prodcom 25731030 - Mattocks, picks, hoes and rakes
- Prodcom 25731040 - Axes, bill hooks and similar hewing tools (excluding ice axes)
- Prodcom 25731050 - Secateurs and similar one-handed pruners and shears (including poultry shears) (excluding secateur type scissors with secateur blades with finger rings, pruning knives)
- Prodcom 25731060 - Hedge shears, two-handed pruning shears and similar twohanded shears
- Prodcom 25731070 -
- Prodcom 25732010 - Hand saws (excluding hand saws with a self-contained motor)
- Prodcom 25732020 - Band saw blades
- Prodcom 25732030 - Circular saw blades with steel working parts (including slotting or slitting saw blades)
- Prodcom 25732050 - Circular saw blades with non-steel working parts (including slitting or slotting saw blades, parts)
- Prodcom 25732093 - Straight saw blades for working metal
- Prodcom 25732095 -
- Prodcom 25732099 -
- Prodcom 25733013 - Files, rasps and similar tools (excluding punches and files for machine tools)
- Prodcom 25733015 -
- Prodcom 25733017 -
- Prodcom 25733023 - Metal cutting shears and similar hand tools
- Prodcom 25733025 - Pipe-cutters, bolt croppers, perforating punches and similar tools excluding punches and files for machine tools, machinetype metal cutting shears and office perforating punches, t icket punches
- Prodcom 25733033 - Non-adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
- Prodcom 25733035 - Adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
- Prodcom 25733037 - Interchangeable spanner sockets
- Prodcom 25733053 - Drilling, threading or tapping hand tools excluding interchangeable hand tools, machine-tools or power-operated hand tools, pneumatic tools or hand tools with a selfcontained motor
- Prodcom 25733055 - Hammers and sledge hammers with working part of metal
- Prodcom 25733057 - Planes, chisels, gouges and similar cutting tools for working wood
- Prodcom 25733063 - Screwdrivers
- Prodcom 25733065 - Household hand tools
- Prodcom 25733073 - Other tools for masons, moulders, cement workers, plasterers and painters
- Prodcom 25733077 - Other hand tools (including cartridge operated riveting) w allplugging and similar hand tools
- Prodcom 25733083 - Blow lamps (excluding gas-operated welding appliances)
- Prodcom 25733085 - Vices, clamps and the like
- Prodcom 25733087 - Anvils, portable forges, hand or pedal-operated grinding wheels with frameworks (excluding grindstones and the like presented separately)
- Prodcom 25732097 - Saw blades with working part of base metal (excluding band saw blades, circular saw blades, musical saw blades)
- Prodcom 25733016 - Pliers, including cutting pliers, pincers and tweezers for nonmedical use and similar hand tools, of base metal
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
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