Asia: Screwdriver Market 2024

Screwdriver Market Size in Asia

The Asian screwdriver market rose to $X in 2023, growing by X% against the previous year. In general, consumption, however, showed a slight slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Screwdriver Production in Asia

In value terms, screwdriver production stood at $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Screwdriver Exports

Exports in Asia

In 2023, the amount of screwdrivers exported in Asia contracted to X tons, with a decrease of X% compared with the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, screwdriver exports dropped to $X in 2023. Total exports indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 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 level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by Taiwan (Chinese) (X tons), comprising a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of screwdrivers. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. While the share of Taiwan (Chinese) (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest screwdriver supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, screwdriver exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of export peaked at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%).

Screwdriver Imports

Imports in Asia

In 2023, supplies from abroad of screwdrivers increased by X% to X tons, rising for the fourth year in a row after two years of decline. Total imports indicated temperate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, screwdriver imports shrank to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Malaysia (X tons), distantly followed by Indonesia (X tons), India (X tons), the United Arab Emirates (X tons), Iraq (X tons), Thailand (X tons) and Japan (X tons) were the major importers of screwdrivers, together constituting X% of total imports. Vietnam (X tons), Taiwan (Chinese) (X tons), South Korea (X tons), China (X tons), Kazakhstan (X tons) and Pakistan (X tons) held a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Vietnam ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. China, Malaysia, South Korea, Indonesia, Thailand, Iraq, Taiwan (Chinese), India, Kazakhstan and Pakistan lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, shrinking by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform