China - Hammers And Sledge Hammers With Working Part Of Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Hammer Price in China - 2023
Contents:
- Metal Hammer Price in China (FOB) - 2023
- Metal Hammer Price in China (CIF) - 2023
- Metal Hammer Exports in China
- Metal Hammer Imports in China
Metal Hammer Price in China (FOB) - 2023
In August 2023, the average metal hammer export price amounted to $2,900 per ton, with an increase of 3.8% against the previous month. Over the period under review, the export price, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in February 2023 an increase of 5.9% m-o-m. Over the period under review, the average export prices reached the maximum at $3,719 per ton in September 2022; however, from October 2022 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,233 per ton), while the average price for exports to Mexico ($327 per ton) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Metal Hammer Price in China (CIF) - 2023
The average metal hammer import price stood at $1,661 per ton in September 2023, which is down by -3% against the previous month. Overall, the import price saw a perceptible setback. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 35% against the previous month. The import price peaked at $3,170 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From September 2022 to September 2023, the rate of growth in terms of prices for Vietnam amounted to -0.9% per month.
Metal Hammer Exports in China
Metal hammer exports from China shrank to 94K tons in 2022, which is down by -7.7% against the previous year. The total export volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, the exports attained the peak of 102K tons, and then contracted in the following year.
In value terms, metal hammer exports expanded slightly to $325M in 2022. The total export value increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Metal Hammer in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 37.5 | 38.4 | 53.0 | 67.6 | 21.7% |
| Indonesia | 17.1 | 16.6 | 12.3 | 16.0 | -2.2% |
| Germany | 8.6 | 8.5 | 10.5 | 12.2 | 12.4% |
| Russia | 8.8 | 7.8 | 12.5 | 12.2 | 11.5% |
| United Kingdom | 8.1 | 7.4 | 12.2 | 9.2 | 4.3% |
| Mexico | 5.4 | 5.7 | 8.6 | 7.6 | 12.1% |
| Philippines | 4.3 | 4.5 | 6.1 | 7.5 | 20.4% |
| Netherlands | 4.7 | 5.1 | 6.3 | 7.1 | 14.7% |
| Thailand | 6.1 | 5.8 | 6.3 | 7.1 | 5.2% |
| Australia | 5.1 | 5.2 | 5.3 | 6.5 | 8.4% |
| Canada | 4.1 | 5.2 | 5.1 | 6.0 | 13.5% |
| Poland | 4.3 | 4.4 | 6.3 | 5.5 | 8.6% |
| Nigeria | 3.6 | 3.6 | 4.2 | 5.1 | 12.3% |
| Others | 131 | 138 | 167 | 155 | 5.8% |
| Total | 248 | 257 | 316 | 325 | 9.4% |
Top Export Markets for Metal Hammer from China in 2022:
- United States (14.2K tons)
- Russia (5.4K tons)
- Indonesia (5.3K tons)
- Germany (3.8K tons)
- United Kingdom (2.7K tons)
- Netherlands (2.2K tons)
- Nigeria (2.1K tons)
- Canada (2.0K tons)
- Mexico (2.0K tons)
- Philippines (2.0K tons)
- Australia (2.0K tons)
- Thailand (1.8K tons)
- Poland (1.8K tons)
Metal Hammer Imports in China
In 2022, overseas purchases of hammers and sledge hammers with working part of metal decreased by -20% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 131%. As a result, imports attained the peak of 1.5K tons, and then fell notably in the following year.
In value terms, metal hammer imports totaled $3.8M in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Metal Hammer in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 73.0 | 636 | 1,560 | 1,264 | 158.7% |
| Germany | 301 | 366 | 303 | 247 | -6.4% |
| Taiwan (Chinese) | 823 | N/A | N/A | N/A | 0% |
| Others | 665 | 1,446 | 1,910 | 2,285 | 50.9% |
| Total | 1,862 | 2,447 | 3,772 | 3,797 | 26.8% |
Top Suppliers of Metal Hammer to China in 2022:
- Vietnam (722.4 tons)
- Germany (11.7 tons)
This report provides an in-depth analysis of the metal hammer 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 25733055 - Hammers and sledge hammers with working part of 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.
-
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
-
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
279
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In March 2023, Metal Hammer exports saw a striking 140% month-on-month growth. By December 2023, the value of Metal Hammer exports had surged to $25M.
299
In December 2022, the metal hammer price stood at $3,558 per ton (FOB, China), approximately mirroring the previous month.
585
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