Asia: Market for Hand-Operated Drilling, Threading or Tapping Tools 2024

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Asia

In 2022, the Asian market for hand-operated drilling, threading or tapping tools decreased by X% to $X, falling for the second year in a row after three years of growth. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Hand-Operated Drilling, Threading or Tapping Tools in Asia

In value terms, production of hand-operated drilling, threading or tapping tools totaled $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports in Asia

In 2022, shipments abroad of hand-operated drilling, threading or tapping tools increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, exports of hand-operated drilling, threading or tapping tools skyrocketed to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China prevails in tools structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), committing a X% share of total exports. The following exporters - Israel (X tons), India (X tons), Taiwan (Chinese) (X tons), Pakistan (X tons) and South Korea (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to hand-operated drilling, threading or tapping tool exports from China stood at X%. At the same time, the United Arab Emirates (X%), Israel (X%), Pakistan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and India (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and the United Arab Emirates increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hand-operated drilling, threading or tapping tool supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total exports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports in Asia

In 2022, overseas purchases of hand-operated drilling, threading or tapping tools decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, showed tangible growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of hand-operated drilling, threading or tapping tools contracted to $X in 2022. Overall, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia represented the main importer of hand-operated drilling, threading or tapping tools in Asia, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Saudi Arabia (X%), Indonesia (X%) and India (X%). Iraq (X tons), Oman (X tons), Singapore (X tons), Thailand (X tons), Japan (X tons), Qatar (X tons), Myanmar (X tons) and Cyprus (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hand-operated drilling, threading or tapping tool imports into Malaysia stood at X%. At the same time, Cyprus (X%), Oman (X%), Iraq (X%), Thailand (X%), the United Arab Emirates (X%), Qatar (X%), Saudi Arabia (X%) and Japan (X%) displayed positive paces of growth. Moreover, Cyprus emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Myanmar experienced a relatively flat trend pattern. By contrast, India (X%), Singapore (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, the United Arab Emirates, Iraq, Oman, Cyprus and Saudi Arabia increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hand-operated drilling, threading or tapping tool importing markets in Asia were Malaysia ($X), Singapore ($X) and Saudi Arabia ($X), together comprising X% of total imports. The United Arab Emirates, Indonesia, Japan, Iraq, India, Thailand, Qatar, Cyprus, Oman and Myanmar lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Cyprus, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a abrupt descent. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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