Price for Tools, Hand; Other than Household Tools in Japan - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in Japan (CIF) - 2023
- Price for Tools, Hand; Other than Household Tools in Japan (FOB) - 2023
- Imports of Tools, Hand; Other than Household Tools in Japan
- Exports of Tools, Hand; Other than Household Tools in Japan
Price for Tools, Hand; Other than Household Tools in Japan (CIF) - 2023
In November 2023, the average import price for tools, hand; other than household toolses amounted to $14,726 per ton, picking up by 14% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average import price increased by 24% m-o-m. As a result, import price attained the peak level of $16,833 per ton. From March 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($103K per ton), while the price for China ($8,983 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tools, Hand; Other than Household Tools in Japan (FOB) - 2023
The average export price for tools, hand; other than household toolses stood at $46,765 per ton in November 2023, with a decrease of -1.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in January 2023 an increase of 30% month-to-month. As a result, the export price reached the peak level of $52,824 per ton. From February 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($242K per ton), while the average price for exports to Taiwan (Chinese) ($17,311 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Japan
In 2022, imports of tools, hand; other than household toolses into Japan dropped to 5K tons, waning by -3.7% compared with 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 8.8% against the previous year. As a result, imports reached the peak of 5.2K tons, and then declined slightly in the following year.
In value terms, imports of tools, hand; other than household toolses fell to $69M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 13%. As a result, imports attained the peak of $70M, leveling off in the following year.
| Import of Tools, Hand; Other than Household Tools in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.5 | 21.6 | 23.7 | 24.9 | 8.5% |
| Taiwan (Chinese) | 17.0 | 16.6 | 19.8 | 20.7 | 6.8% |
| United States | 11.2 | 9.2 | 10.0 | 8.7 | -8.1% |
| South Korea | 1.2 | 0.7 | 0.8 | 0.6 | -20.6% |
| Others | 19.1 | 13.9 | 15.5 | 14.0 | -9.8% |
| Total | 68.0 | 61.9 | 69.7 | 69.0 | 0.5% |
Top Suppliers of Tools, Hand; Other than Household Tools to Japan in 2022:
- China (2961.1 tons)
- Taiwan (Chinese) (1575.3 tons)
- United States (100.6 tons)
- South Korea (54.3 tons)
Exports of Tools, Hand; Other than Household Tools in Japan
Exports of tools, hand; other than household toolses from Japan amounted to 1.3K tons in 2022, rising by 8.3% against the previous year. The total export volume increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of tools, hand; other than household toolses stood at $50M in 2022. Over the period under review, exports, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 13%.
| Export of Tools, Hand; Other than Household Tools in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.1 | 12.4 | 13.2 | 16.7 | 3.4% |
| China | 6.6 | 5.2 | 5.4 | 4.3 | -13.3% |
| Germany | 3.3 | 2.4 | 3.3 | 3.0 | -3.1% |
| South Korea | 3.6 | 3.4 | 3.4 | 2.9 | -7.0% |
| Indonesia | 1.5 | 0.7 | 1.1 | 1.9 | 8.2% |
| India | 0.8 | 0.6 | 1.3 | 1.7 | 28.6% |
| Thailand | 2.5 | 2.0 | 2.2 | 1.7 | -12.1% |
| Hong Kong SAR | 1.5 | 1.3 | 1.7 | 1.7 | 4.3% |
| Taiwan (Chinese) | 1.3 | 1.0 | 1.3 | 1.5 | 4.9% |
| Singapore | 1.2 | 0.9 | 1.1 | 1.0 | -5.9% |
| Philippines | 0.8 | 0.5 | 0.8 | 1.0 | 7.7% |
| Malaysia | 0.4 | 0.3 | 0.6 | 1.0 | 35.7% |
| Australia | 1.3 | 1.1 | 1.0 | 0.9 | -11.5% |
| Others | 15.7 | 11.0 | 11.8 | 10.2 | -13.4% |
| Total | 55.7 | 42.8 | 48.3 | 49.7 | -3.7% |
Top Export Markets for Tools, Hand; Other than Household Tools from Japan in 2022:
- United States (429.5 tons)
- South Korea (152.0 tons)
- Thailand (104.9 tons)
- China (72.3 tons)
- Taiwan (Chinese) (67.3 tons)
- Indonesia (54.8 tons)
- Malaysia (48.8 tons)
- Philippines (34.9 tons)
- Germany (30.2 tons)
- Singapore (27.1 tons)
- India (26.0 tons)
- Hong Kong SAR (24.7 tons)
- Australia (21.2 tons)
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