Asia-Pacific: Wood Tool Market 2024

Wood Tool Market Size in Asia-Pacific

The Asia-Pacific wood tool market rose modestly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated strong growth 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. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wood Tool Production in Asia-Pacific

In value terms, wood tool production stood at $X in 2022 estimated in export price. The total production indicated a strong 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 2014 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Wood Tool Exports

Exports in Asia-Pacific

In 2022, exports of tools of wood in Asia-Pacific shrank to X tons, with a decrease of X% on 2021 figures. Total exports indicated noticeable growth 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 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood tool exports contracted markedly to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Vietnam (X tons) ranks second in terms of the total exports with an X% share, followed by Sri Lanka (X%). Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wood tool exports from China stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Sri Lanka (X%) and Indonesia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka and Indonesia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wood tool supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

In China, wood tool exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, saw a resilient increase. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

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

Wood Tool Imports

Imports in Asia-Pacific

In 2022, the amount of tools of wood imported in Asia-Pacific was estimated at X tons, with an increase of X% against the previous year. Total imports indicated a prominent 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, wood tool imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

India was the main importer of tools of wood in Asia-Pacific, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Malaysia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%), Sri Lanka (X%), Japan (X%), Indonesia (X%) and South Korea (X%).

India was also the fastest-growing in terms of the tools of wood imports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%), South Korea (X%), Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. India (X p.p.), Malaysia (X p.p.), Sri Lanka (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Taiwan (Chinese) and Japan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Japan ($X) constitutes the largest market for imported tools of wood in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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