Asia: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Asia

The Asian market for pneumatic or hydraulic hand tools rose sharply to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in years to come.

Production of Pneumatic Or Hydraulic Hand Tools in Asia

In value terms, pneumatic or hydraulic hand tool production expanded notably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports in Asia

In 2023, shipments abroad of pneumatic or hydraulic hand tools decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports shrank to $X in 2023. The total export 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China represented the major exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by Taiwan (Chinese) (X units), mixing up an X% share of total exports. India (X units) and Japan (X units) took a little share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and India increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest pneumatic or hydraulic hand tool supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, pneumatic or hydraulic hand tool exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, declining by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports in Asia

In 2023, approx. X units of pneumatic or hydraulic hand tools were imported in Asia; rising by X% compared with the year before. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is likely to continue growth in years to come.

In value terms, pneumatic or hydraulic hand tool imports dropped modestly to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, India (X units) was the major importer of pneumatic or hydraulic hand tools, constituting X% of total imports. Malaysia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%), the Philippines (X%) and Vietnam (X%). Singapore (X units), Turkey (X units), Indonesia (X units), China (X units), Japan (X units), the United Arab Emirates (X units) and South Korea (X units) took a little share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, the Philippines (X%), Indonesia (X%), the United Arab Emirates (X%), Malaysia (X%), Vietnam (X%), Singapore (X%), South Korea (X%), Turkey (X%) and China (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) and Thailand (X%) illustrated a downward trend over the same period. India (X p.p.), the Philippines (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey, China, Japan and Thailand saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

The Philippines, with a CAGR of X%, recorded 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 unit, falling by X% against the previous year. In general, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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 South Korea ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform