Price for Tools, Hand; Other than Household Tools in India - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in India (FOB) - 2022
- Price for Tools, Hand; Other than Household Tools in India (CIF) - 2022
- Exports of Tools, Hand; Other than Household Tools in India
- Imports of Tools, Hand; Other than Household Tools in India
Price for Tools, Hand; Other than Household Tools in India (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $4,077 per ton, dropping by -6.5% against the previous year. Over the period under review, the export price recorded a mild downturn. The growth pace was the most rapid in 2017 an increase of 52% against the previous year. Over the period under review, the average export prices hit record highs at $8,786 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($7,716 per ton), while the average price for exports to the United Arab Emirates ($1,904 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 Canada (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in India (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $8,673 per ton, falling by -2.7% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2014 an increase of 37%. As a result, import price attained the peak level of $26,067 per ton. From 2015 to 2022, the average 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 Japan ($39,735 per ton), while the price for the United Arab Emirates ($2,690 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tools, Hand; Other than Household Tools in India
For the fourth consecutive year, India recorded growth in overseas shipments of tools, hand; other than household toolses, which increased by 13% to 22K tons in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 135% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of tools, hand; other than household toolses expanded remarkably to $89M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +67.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Tools, Hand; Other than Household Tools in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.1 | 27.3 | 44.2 | 45.9 | 17.8% |
| United Kingdom | 4.8 | 4.5 | 7.1 | 6.1 | 8.3% |
| Germany | 2.0 | 2.1 | 3.2 | 3.3 | 18.2% |
| Australia | 1.7 | 1.9 | 2.5 | 3.1 | 22.2% |
| France | 1.2 | 1.1 | 2.4 | 3.1 | 37.2% |
| United Arab Emirates | 2.8 | 1.9 | 2.6 | 2.9 | 1.2% |
| Japan | 1.4 | 1.5 | 1.3 | 2.0 | 12.6% |
| Canada | 0.9 | 1.2 | 1.6 | 1.8 | 26.0% |
| Mexico | 1.0 | 0.7 | 1.1 | 1.8 | 21.6% |
| Italy | 0.8 | 0.7 | 1.8 | 1.3 | 17.6% |
| Brazil | 0.7 | 0.4 | 0.8 | 0.9 | 8.7% |
| Others | 11.7 | 10.0 | 16.3 | 17.1 | 13.5% |
| Total | 57.0 | 53.4 | 84.9 | 89.3 | 16.1% |
Top Export Markets for Tools, Hand; Other than Household Tools from India in 2022:
- United States (10.5K tons)
- United Kingdom (1.8K tons)
- United Arab Emirates (1.5K tons)
- Australia (0.6K tons)
- Mexico (0.6K tons)
- Japan (0.6K tons)
- Italy (0.5K tons)
- France (0.5K tons)
- Brazil (0.4K tons)
- Germany (0.4K tons)
- Canada (0.3K tons)
Imports of Tools, Hand; Other than Household Tools in India
Imports of tools, hand; other than household toolses into India rose remarkably to 3.6K tons in 2022, increasing by 12% on 2021 figures. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 84% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of tools, hand; other than household toolses expanded rapidly to $31M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +55.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Tools, Hand; Other than Household Tools in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.0 | 3.9 | 6.7 | 7.1 | 12.4% |
| China | 3.9 | 3.5 | 5.6 | 5.5 | 12.1% |
| Germany | 3.3 | 3.1 | 5.1 | 5.2 | 16.4% |
| France | 2.3 | 2.6 | 2.5 | 2.7 | 5.5% |
| United States | 3.3 | 2.1 | 2.3 | 2.6 | -7.6% |
| Taiwan (Chinese) | 1.7 | 1.0 | 1.6 | 1.9 | 3.8% |
| Singapore | 0.8 | 0.7 | 1.1 | 1.4 | 20.5% |
| South Korea | 0.5 | 0.5 | 0.8 | 0.7 | 11.9% |
| United Arab Emirates | 0.4 | 0.3 | 0.4 | 0.1 | -37.0% |
| Others | 2.5 | 2.5 | 2.9 | 4.2 | 18.9% |
| Total | 23.7 | 20.1 | 28.9 | 31.4 | 9.8% |
Top Suppliers of Tools, Hand; Other than Household Tools to India in 2022:
- China (1765.7 tons)
- Germany (647.2 tons)
- Taiwan (Chinese) (277.3 tons)
- United States (249.0 tons)
- Japan (177.4 tons)
- France (78.7 tons)
- South Korea (75.2 tons)
- Singapore (58.8 tons)
- United Arab Emirates (40.5 tons)
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