Asia-Pacific: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in Asia-Pacific

In 2022, the Asia-Pacific gouges and chisels market increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. In general, consumption, however, recorded a noticeable slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Gouges And Chisels Production in Asia-Pacific

In value terms, gouges and chisels production reduced slightly to $X in 2022 estimated in export price. In general, production recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gouges And Chisels Exports

Exports in Asia-Pacific

In 2022, overseas shipments of planes, chisels and gouges for working wood decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, gouges and chisels exports fell to $X in 2022. Total exports indicated a prominent 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, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

In 2022, China (X tons) represented the main exporter of planes, chisels and gouges for working wood, comprising X% of total exports. It was distantly followed by India (X tons), making up a X% share of total exports.

China was also the fastest-growing in terms of the planes, chisels and gouges for working wood exports, with a CAGR of X% from 2012 to 2022. India experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest gouges and chisels supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%.

Export Prices by Country

The export price in Asia-Pacific 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 an increase of X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Gouges And Chisels Imports

Imports in Asia-Pacific

In 2022, after three years of growth, there was decline in purchases abroad of planes, chisels and gouges for working wood, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, gouges and chisels imports surged to $X in 2022. In general, imports, however, recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons), Indonesia (X tons) and Vietnam (X tons) was the major importer of planes, chisels and gouges for working wood in Asia-Pacific, generating X% of total import. It was distantly followed by Australia (X tons) and India (X tons), together generating a X% share of total imports. The following importers - Thailand (X tons), Myanmar (X tons), South Korea (X tons), China (X tons), Japan (X tons), Sri Lanka (X tons), Taiwan (Chinese) (X tons) and the Philippines (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported planes, chisels and gouges for working wood in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In Vietnam, gouges and chisels imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price 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, gouges and chisels import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :