China - Household Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHousehold Hand Tools Price in China - 2023
Contents:
- Household Hand Tools Price in China (FOB) - 2023
- Household Hand Tools Price in China (CIF) - 2022
- Household Hand Tools Exports in China
- Household Hand Tools Imports in China
Household Hand Tools Price in China (FOB) - 2023
In June 2023, the average household hand tools export price amounted to $11,175 per ton, rising by 14% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in February 2023 when the average export price increased by 24% against the previous month. Over the period under review, the average export prices reached the peak figure at $13,770 per ton in March 2023; however, from April 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Singapore ($60,390 per ton), while the average price for exports to Mexico ($5,992 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Household Hand Tools Price in China (CIF) - 2022
The average household hand tools import price stood at $27,793 per ton in 2022, increasing by 20% against the previous year. In general, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 130% against the previous year. The import price peaked at $38,860 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($145,978 per ton), while the price for Belgium ($10,575 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Household Hand Tools Exports in China
In 2022, household hand tools exports from China dropped to 138K tons, reducing by -5.3% against the previous year's figure. The total export volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 21%. As a result, the exports attained the peak of 146K tons, and then fell in the following year.
In value terms, household hand tools exports stood at $1.4B in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 44% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Household Hand Tools in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 159 | 218 | 313 | 325 | 26.9% |
| Germany | 70.9 | 59.1 | 85.4 | 72.0 | 0.5% |
| Singapore | 24.1 | 18.1 | 9.9 | 66.7 | 40.4% |
| Australia | 24.4 | 16.8 | 28.6 | 54.6 | 30.8% |
| United Kingdom | 43.2 | 40.7 | 63.5 | 43.8 | 0.5% |
| Netherlands | 32.3 | 29.6 | 42.6 | 43.0 | 10.0% |
| South Korea | 14.1 | 19.7 | 40.4 | 40.7 | 42.4% |
| Brazil | 19.4 | 25.4 | 35.2 | 33.1 | 19.5% |
| Canada | 26.5 | 31.8 | 50.4 | 28.6 | 2.6% |
| France | 28.6 | 20.5 | 30.8 | 28.3 | -0.4% |
| Mexico | 12.2 | 14.4 | 23.8 | 27.0 | 30.3% |
| Russia | 39.5 | 28.0 | 31.2 | 26.9 | -12.0% |
| Spain | 23.8 | 13.2 | 25.1 | 26.9 | 4.2% |
| Others | 470 | 397 | 561 | 536 | 4.5% |
| Total | 988 | 932 | 1,340 | 1,353 | 11.0% |
Top Export Markets for Household Hand Tools from China in 2022:
- United States (33.5K tons)
- Germany (7.7K tons)
- Netherlands (5.5K tons)
- Singapore (5.1K tons)
- Brazil (4.1K tons)
- United Kingdom (4.1K tons)
- Russia (3.8K tons)
- Mexico (3.3K tons)
- France (3.1K tons)
- Spain (3.1K tons)
- Canada (2.9K tons)
- Australia (2.8K tons)
- South Korea (2.8K tons)
Household Hand Tools Imports in China
In 2022, approx. 186 tons of household hand tools were imported into China; increasing by 6.7% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, household hand tools imports surged to $5.2M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Household Hand Tools in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 821 | 679 | 625 | 807 | -0.6% |
| Germany | 516 | 614 | 553 | 724 | 12.0% |
| United States | 421 | 362 | 373 | 378 | -3.5% |
| Thailand | 44.3 | 21.1 | 7.2 | 368 | 102.5% |
| Switzerland | 197 | 285 | 355 | 328 | 18.5% |
| France | 112 | 120 | 209 | 306 | 39.8% |
| Italy | 179 | 201 | 195 | 249 | 11.6% |
| Vietnam | 10.0 | 24.9 | 185 | 244 | 190.0% |
| Romania | 1.3 | 1.4 | 1.4 | 142 | 378.0% |
| South Korea | 143 | 103 | 119 | 95.3 | -12.7% |
| Belgium | 27.9 | 17.0 | 25.0 | 34.6 | 7.4% |
| United Arab Emirates | 184 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 309 | N/A | N/A | N/A | 0% |
| Others | 1,335 | 1,458 | 1,388 | 1,481 | 3.5% |
| Total | 4,299 | 3,886 | 4,034 | 5,159 | 6.3% |
Top Suppliers of Household Hand Tools to China in 2022:
- Japan (25.2 tons)
- Vietnam (17.4 tons)
- United States (17.0 tons)
- Germany (15.4 tons)
- Thailand (10.7 tons)
- Switzerland (6.6 tons)
- South Korea (4.5 tons)
- Romania (4.1 tons)
- Italy (3.8 tons)
- Belgium (3.3 tons)
- France (2.1 tons)
This report provides an in-depth analysis of the household hand tools market in China. 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 25733065 - Household hand tools
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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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
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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
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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
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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
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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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In February 2023, the price of household hand tools per ton (FOB, China) was $13,080, a 24% increase from the previous month.
109
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Explore the top 10 countries with the highest import value for hand tools. Learn about the market statistics, key players, and trends in the industry. Find out how the IndexBox market intelligence platform can help you stay ahead in this competitive market.
