Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in China - 2024
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in China (FOB) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in China (CIF) - 2022
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in China
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in China
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in China (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, other than rotary type amounted to $19 per unit, growing by 13% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 418%. Over the period under review, the average export prices reached the peak figure at $173 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($28 per unit), while the average price for exports to Slovenia ($7.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in China (CIF) - 2022
In 2022, the average import price for tools; for working in the hand, pneumatic, other than rotary type amounted to $71 per unit, dropping by -11.1% against the previous year. In general, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 7.8% against the previous year. As a result, import price reached the peak level of $156 per unit. From 2015 to 2022, the average import prices remained at a somewhat 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 the United States ($996 per unit), while the price for Indonesia ($33 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in China
In 2022, approx. 13M units of tools; for working in the hand, pneumatic, other than rotary type were exported from China; waning by -9.7% on 2021 figures. The total export volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, the exports attained the peak of 14M units, and then reduced in the following year.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type rose to $234M in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 74.5 | 56.3 | 72.9 | 84.9 | 4.5% |
| Russia | 6.4 | 5.4 | 10.0 | 12.2 | 24.0% |
| Vietnam | 8.2 | 9.0 | 9.7 | 11.1 | 10.6% |
| Canada | 7.2 | 7.4 | 8.4 | 8.1 | 4.0% |
| Netherlands | 6.5 | 5.2 | 7.9 | 6.0 | -2.6% |
| India | 3.8 | 2.9 | 5.2 | 5.5 | 13.1% |
| Thailand | 4.1 | 3.6 | 6.3 | 5.5 | 10.3% |
| Brazil | 3.8 | 3.2 | 5.8 | 5.3 | 11.7% |
| Turkey | 1.3 | 2.9 | 4.2 | 4.8 | 54.6% |
| Indonesia | 2.6 | 2.4 | 3.5 | 4.1 | 16.4% |
| Spain | 2.2 | 2.0 | 4.1 | 3.7 | 18.9% |
| Belgium | 2.2 | 2.8 | 2.9 | 2.2 | 0.0% |
| Slovenia | 1.4 | 1.9 | 2.4 | 1.9 | 10.7% |
| Others | 57.4 | 61.5 | 86.3 | 78.6 | 11.0% |
| Total | 182 | 167 | 230 | 234 | 8.7% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from China in 2022:
- United States (3056.4K units)
- Vietnam (688.6K units)
- India (674.2K units)
- Russia (495.5K units)
- Spain (492.2K units)
- Netherlands (465.4K units)
- Indonesia (387.6K units)
- Canada (379.3K units)
- Thailand (352.7K units)
- Brazil (299.2K units)
- Slovenia (266.3K units)
- Turkey (247.0K units)
- Belgium (227.1K units)
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in China
Imports of tools; for working in the hand, pneumatic, other than rotary type into China soared to 606K units in 2022, growing by 32% compared with 2021. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type skyrocketed to $43M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +69.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. Over the period under review, imports of tools; for working in hand, pneumatic, other than rotary type attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 7.6 | 5.8 | 10.6 | 12.7 | 18.7% |
| Germany | 5.2 | 4.9 | 6.2 | 6.1 | 5.5% |
| Vietnam | N/A | N/A | 0.2 | 5.9 | 2850.0% |
| Japan | 6.5 | 6.3 | 7.0 | 5.6 | -4.8% |
| Indonesia | N/A | N/A | 1.8 | 1.7 | -5.6% |
| Thailand | 0.9 | 0.4 | 1.1 | 1.4 | 15.9% |
| United Kingdom | 0.6 | 1.0 | 1.2 | 1.3 | 29.4% |
| Others | 7.6 | 7.2 | 8.8 | 8.4 | 3.4% |
| Total | 28.4 | 25.5 | 36.9 | 43.1 | 14.9% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to China in 2022:
- Taiwan (Chinese) (354.0K units)
- Vietnam (101.3K units)
- Indonesia (52.1K units)
- Japan (46.6K units)
- Germany (12.2K units)
- Thailand (11.5K units)
- United Kingdom (10.5K units)
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