Australia: Hand Tools Market Overview 2021

Hand Tools Market Size in Australia

The Australian hand tools market dropped slightly to $X in 2019, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Hand tools consumption peaked at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Hand Tools Exports

Exports from Australia

In 2019, the amount of hand tools exported from Australia contracted to X tonnes, which is down by -X% on the year before. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

In value terms, hand tools exports dropped significantly to $X in 2019. In general, exports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

New Zealand (X tonnes) was the main destination for hand tools exports from Australia, accounting for a X% share of total exports. Moreover, hand tools exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tonnes), threefold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+X% per year) and the U.S. (+X% per year).

In value terms, New Zealand ($X) remains the key foreign market for hand tools exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by Papua New Guinea ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual growth rate of value to New Zealand stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

In 2019, the average hand tools export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Mongolia ($X per tonne), while the average price for exports to Fiji ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Australia

After three years of decline, overseas purchases of hand tools increased by X% to X tonnes in 2019. In general, imports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, hand tools imports shrank to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2018, and then declined in the following year.

Imports by Country

In 2019, China (X tonnes) constituted the largest hand tools supplier to Australia, with a X% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tonnes), twofold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-X% per year) and the U.S. (-X% per year).

In value terms, China ($X) constituted the largest supplier of hand tools to Australia, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average hand tools import price stood at $X per tonne in 2019, dropping by -X% against the previous year. Overall, the import price, however, recorded moderate growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne, and then reduced dramatically in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hand tools in the world?

+

The countries with the highest volumes of hand tools consumption in 2019 were China (577K tonnes), the U.S. (341K tonnes) and Japan (112K tonnes), together accounting for 35% of global consumption. These countries were followed by Italy, Germany, the UK, Brazil, Russia, France, Canada, Viet Nam, South Korea and Indonesia, which together accounted for a further 25%.

What are the largest producers of hand tools in the world?

+

China (1.7M tonnes) constituted the country with the largest volume of hand tools production, comprising approx. 63% of total volume. Moreover, hand tools production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (176K tonnes), tenfold. Italy (115K tonnes) ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of hand tools to Australia?

+

In value terms, China ($142M) constituted the largest supplier of hand tools to Australia, comprising 40% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($70M), with a 20% share of total imports. It was followed by the U.S., with a 14% share.

What are the leading importers of hand tools from Australia?

+

In value terms, New Zealand ($9.2M) remains the key foreign market for hand tools exports from Australia, comprising 31% of total exports. The second position in the ranking was occupied by Papua New Guinea ($3.7M), with a 13% share of total exports. It was followed by the U.S., with a 9.2% share.

What is the average export price for hand tools in Australia?

+

In 2019, the average hand tools export price amounted to $13,212 per tonne, with a decrease of -15.1% against the previous year.

What is the average import price for hand tools in Australia?

+

In 2019, the average hand tools import price amounted to $11,516 per tonne, waning by -16.8% against the previous year.