Price for Tools, Hand; Other than Household Tools in Australia - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in Australia (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Australia (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Australia
- Exports of Tools, Hand; Other than Household Tools in Australia
Price for Tools, Hand; Other than Household Tools in Australia (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $4,635 per ton, which is down by -3.5% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The growth pace was the most rapid in 2014 when the average import price increased by 14%. As a result, import price attained the peak level of $7,280 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($11,430 per ton), while the price for India ($1,062 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) (+3.7%), while the prices for the other major suppliers experienced a decline.
Price for Tools, Hand; Other than Household Tools in Australia (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $25,562 per ton in 2022, surging by 2.6% against the previous year. Overall, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 41%. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($32,392 per ton), while the average price for exports to Canada ($14,396 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 New Zealand (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Australia
In 2022, imports of tools, hand; other than household toolses into Australia rose markedly to 24K tons, increasing by 9% against 2021. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% 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 +59.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, imports of tools, hand; other than household toolses rose notably to $112M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +42.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Tools, Hand; Other than Household Tools in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.4 | 31.4 | 40.8 | 44.9 | 19.4% |
| United States | 18.0 | 15.4 | 20.6 | 21.9 | 6.8% |
| Taiwan (Chinese) | 13.1 | 13.6 | 18.4 | 20.9 | 16.8% |
| Germany | 4.9 | 4.7 | 6.2 | 5.8 | 5.8% |
| Italy | 1.7 | 2.4 | 3.6 | 2.8 | 18.1% |
| Switzerland | 1.1 | 0.9 | 2.8 | 2.5 | 31.5% |
| India | 1.4 | 1.3 | 1.9 | 2.2 | 16.3% |
| Spain | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Others | 11.7 | 10.7 | 12.1 | 10.9 | -2.3% |
| Total | 78.8 | 80.8 | 107 | 112 | 12.4% |
Top Suppliers of Tools, Hand; Other than Household Tools to Australia in 2022:
- China (12.3K tons)
- United States (3.0K tons)
- India (2.0K tons)
- Taiwan (Chinese) (1.8K tons)
- Germany (1.6K tons)
- Switzerland (0.9K tons)
- Italy (0.5K tons)
- Spain (0.5K tons)
Exports of Tools, Hand; Other than Household Tools in Australia
In 2022, the amount of tools, hand; other than household toolses exported from Australia fell to 811 tons, reducing by -7.9% on the year before. The total export volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of 880 tons, and then reduced in the following year.
In value terms, exports of tools, hand; other than household toolses contracted to $21M in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 34%. As a result, the exports reached the peak of $22M, and then shrank in the following year.
| Export of Tools, Hand; Other than Household Tools in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 5.5 | 3.9 | 5.6 | 5.1 | -2.5% |
| United States | 3.1 | 2.6 | 2.7 | 4.3 | 11.5% |
| Papua New Guinea | 2.5 | 2.0 | 2.5 | 2.7 | 2.6% |
| Canada | 0.2 | 0.4 | 2.2 | 1.4 | 91.3% |
| New Caledonia | 0.2 | 0.4 | 0.3 | 0.7 | 51.8% |
| Indonesia | 0.3 | 0.4 | 0.3 | 0.6 | 26.0% |
| Fiji | 0.4 | 0.1 | 0.1 | 0.6 | 14.5% |
| French Polynesia | N/A | N/A | 0.6 | 0.5 | -16.7% |
| France | 0.1 | 0.5 | 0.4 | 0.5 | 71.0% |
| Vanuatu | 0.2 | 0.1 | 0.5 | 0.5 | 35.7% |
| Singapore | 0.7 | 0.2 | 1.4 | 0.3 | -24.6% |
| Netherlands | 0.7 | 0.1 | 0.1 | 0.1 | -47.7% |
| South Korea | 0.5 | 1.5 | 0.1 | 0.1 | -41.5% |
| Others | 4.2 | 4.1 | 5.2 | 3.4 | -6.8% |
| Total | 18.7 | 16.3 | 21.9 | 20.7 | 3.4% |
Top Export Markets for Tools, Hand; Other than Household Tools from Australia in 2022:
- New Zealand (176.7 tons)
- United States (154.6 tons)
- Canada (94.0 tons)
- Papua New Guinea (82.1 tons)
- French Polynesia (28.3 tons)
- New Caledonia (23.3 tons)
- Fiji (21.8 tons)
- France (21.7 tons)
- Indonesia (19.7 tons)
- Vanuatu (18.0 tons)
- Singapore (11.9 tons)
- South Korea (5.3 tons)
- Netherlands (4.4 tons)
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