China - Interchangeable Tools For Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
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View PricingInterchangeable Tool Price in China - 2023
Contents:
- Interchangeable Tool Price in China (FOB) - 2023
- Interchangeable Tool Price in China (CIF) - 2023
- Interchangeable Tool Exports in China
- Interchangeable Tool Imports in China
Interchangeable Tool Price in China (FOB) - 2023
The average interchangeable tool export price stood at $11,158 per ton in June 2023, remaining relatively unchanged against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 14% m-o-m. As a result, the export price reached the peak level of $12,908 per ton. From March 2023 to June 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($15,093 per ton), while the average price for exports to Malaysia ($4,950 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 Vietnam (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Interchangeable Tool Price in China (CIF) - 2023
The average interchangeable tool import price stood at $46,584 per ton in June 2023, with an increase of 19% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 46% against the previous month. The import price peaked at $63,764 per ton in August 2022; however, from September 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($69,987 per ton), while the price for Vietnam ($12,881 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+5.2%), while the prices for the other major suppliers experienced a decline.
Interchangeable Tool Exports in China
In 2022, the amount of interchangeable tools for hand tools exported from China skyrocketed to 508K tons, with an increase of 15% against 2021. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, interchangeable tool exports stood at $4.7B in 2022. The total export value increased at an average annual rate of +9.2% 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 28% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.
Export of Interchangeable Tool in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
United States | 693 | 668 | 918 | 15.1% | |
Germany | 379 | 407 | 406 | 3.5% | |
Japan | 168 | 156 | 200 | 9.1% | |
India | 85.0 | 114 | 195 | 51.5% | |
Russia | 172 | 191 | 195 | 6.5% | |
Canada | 162 | 206 | 188 | 7.7% | |
Mexico | 190 | 170 | 179 | -2.9% | |
Thailand | 103 | 97.9 | 137 | 15.3% | |
United Kingdom | 109 | 96.9 | 136 | 11.7% | |
Vietnam | 44.1 | 47.7 | 132 | 73.0% | |
Australia | 85.4 | 96.2 | 121 | 19.0% | |
Brazil | 75.8 | 54.4 | 117 | 24.2% | |
Netherlands | 49.5 | 50.3 | 116 | 53.1% | |
Others | 1,277 | 1,272 | 1,621 | 12.7% | |
Total | 3,593 | 3,628 | 4,661 | 13.9% |
Top Export Markets for Interchangeable Tool from China in 2022:
- Germany (36.4K tons)
- United States (35.8K tons)
- India (25.1K tons)
- Russia (23.0K tons)
- Mexico (16.9K tons)
- Japan (15.5K tons)
- Brazil (15.1K tons)
- Canada (15.0K tons)
- Thailand (14.3K tons)
- Vietnam (13.9K tons)
- United Kingdom (13.3K tons)
- Australia (10.3K tons)
- Netherlands (10.0K tons)
Interchangeable Tool Imports in China
In 2022, supplies from abroad of interchangeable tools for hand tools was finally on the rise to reach 1.8M tons after two years of decline. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, interchangeable tool imports contracted significantly to $1.2B in 2022. Overall, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 6.9%.
Import of Interchangeable Tool in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Japan | 547 | 378 | 447 | -9.6% | |
Germany | 389 | 331 | 366 | -3.0% | |
Taiwan (Chinese) | 174 | 189 | 213 | 10.6% | |
South Korea | 236 | 177 | 107 | -32.7% | |
United States | 110 | 80.9 | 87.4 | -10.9% | |
Spain | 19.8 | 10.5 | 24.5 | 11.2% | |
Sweden | 31.6 | 14.8 | 23.0 | -14.7% | |
Vietnam | 7.5 | 11.3 | 12.3 | 28.1% | |
Others | 167 | 165 | 171 | 1.2% | |
Total | 1,681 | 1,357 | 1,451 | -7.1% |
Top Suppliers of Interchangeable Tool to China in 2022:
- Germany (9.7K tons)
- Japan (8.5K tons)
- Taiwan (Chinese) (5.9K tons)
- South Korea (3.4K tons)
- Sweden (1.1K tons)
- Spain (1.1K tons)
- United States (1.0K tons)
- Vietnam (1.0K tons)
This report provides an in-depth analysis of the interchangeable tool 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 25734014 - Tapping tools for working metal
- Prodcom 25734016 - Threading tools for working metal
- Prodcom 25734019 - Tapping or threading tools (excluding work and tool holders for machines or hand tools, for working metal)
- Prodcom 25734023 - Drilling tools with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for rock drilling)
- Prodcom 25734025 - Masonry drills with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for rock drilling)
- Prodcom 25734027 - Drilling tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
- Prodcom 25734031 - Drilling tools with working part of high speed steel, for working metal excluding work and tool holders for machines or hand tools - for rock drilling
- Prodcom 25734033 - Drilling tools with working part of materials other than diamond, agglomerated diamond or sintered metal carbide, f or working metal excluding with working part of high speed steel
- Prodcom 25734035 - Drilling tools (excluding work and tool holders for machines or hand tools, with working part of diamond or agglomerated diamond, for rock drilling, masonry drills, for working metal)
- Prodcom 25734037 - Boring or broaching tools with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for earth boring)
- Prodcom 25734044 - Boring tools for working metal, with working part of materials other than diamond or agglomerated diamond
- Prodcom 25734045 - Boring or broaching tools (excluding work and tool holders for machines or hand tools, with diamond or agglomerated diamond working parts, for working metal, for earth boring)
- Prodcom 25734048 - Broaching tools for working metal, with working part of materials other than diamond or agglomerated diamond
- Prodcom 25734050 - Milling tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
- Prodcom 25734061 - Shank type milling tools for working metal (excluding with working part of sintered metal carbide)
- Prodcom 25734065 -
- Prodcom 25734067 -
- Prodcom 25734069 - Milling tools (excluding for working metal)
- Prodcom 25734071 - Turning tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
- Prodcom 25734074 - Turning tools for working metal, with working part of materials other than cermets
- Prodcom 25734079 - Turning tools (excluding work and tool holders for machines or hand tools, for working metal)
- Prodcom 25734081 - Other interchangeable tools of CN .82.07 with working part of diamond
- Prodcom 25734083 - Screwdriver bits with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
- Prodcom 25734085 - Gear-cutting tools with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
- Prodcom 25734087 - Interchangeable hand tools with working part of sintered metal carbide excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
- Prodcom 25734089 - Interchangeable tools in other materials
- Prodcom 25736013 - Rock drilling or earth boring tools with working part of cermets
- Prodcom 25736018 - Rock-drilling or earth-boring tools, interchangeable, and parts therefor, with working parts of materials other than sintered metal carbide or cermets
- Prodcom 25736023 - Dies for drawing or extruding metal, with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
- Prodcom 25736024 - Dies for drawing or extruding metal (excluding unmounted plates, sticks, tips, rods, pellets, rings, etc. of sintered metal carbides or cermets)
- Prodcom 25736033 - Pressing, stamping or punching tools for working metal (excluding work and tool holders for machines or hand tools)
- Prodcom 25736039 - Pressing, stamping or punching tools (excluding work and tool holders for machines or hand tools, for working metal)
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
-
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
This report provides an in-depth analysis of the interchangeable tool market in China.
This report provides an in-depth analysis of the threading tools market in China.
This report provides an in-depth analysis of the metal tapping tools market in China.
This report provides an in-depth analysis of the market for shank metal milling tools in China.
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This report provides an in-depth analysis of the diamonded boring tools market in China.
This report provides an in-depth analysis of the global interchangeable tool market.
Global Threading Tools Market Report 2018. This report provides an in-depth analysis of the global threading tools market.
Global Metal Tapping Tools Market Report 2018. This report provides an in-depth analysis of the global metal tapping tools market.
Global Shank Metal Milling Tools Market Report 2018. This report provides an in-depth analysis of the global market for shank metal milling tools.
The growth rate for Interchangeable Tool exports was particularly fast in March 2023, increasing by 74% month-on-month. The value of exports reached $427M in December 2023.
In February 2023, the price of interchangeable tools was $12,908 per ton (FOB, China), a 14% increase from the previous month.
Explore the top import markets for interchangeable tools and their key statistics. Discover the leading countries in the import trade of interchangeable tools and how they contribute to the global market.
In 2016, the global interchangeable tool imports amounted to X tons, going down by -X% against the previous year level. In general, interchangeable tool imports continue to indicate a relativel...
In 2016, the global interchangeable tool imports amounted to X tons, going down by -X% against the previous year level. In general, interchangeable tool imports continue to indicate a relativel...
The growth rate for Interchangeable Tool exports was particularly fast in March 2023, increasing by 74% month-on-month. The value of exports reached $427M in December 2023.
In February 2023, the price of interchangeable tools was $12,908 per ton (FOB, China), a 14% increase from the previous month.
Explore the top import markets for interchangeable tools and their key statistics. Discover the leading countries in the import trade of interchangeable tools and how they contribute to the global market.
In 2016, the global interchangeable tool imports amounted to X tons, going down by -X% against the previous year level. In general, interchangeable tool imports continue to indicate a relativel...
In 2016, the global interchangeable tool imports amounted to X tons, going down by -X% against the previous year level. In general, interchangeable tool imports continue to indicate a relativel...