Australia: Hand Tools Market Overview 2020

Hand Tools Market Size in Australia

The revenue of the hand tools market in Australia amounted to $X in 2018, reducing by -X% against 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). The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, the hand tools market reached its maximum level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Hand Tools Exports

Exports from Australia

In 2018, the amount of hand tools exported from Australia amounted to X tonnes, increasing by X% against the previous year. Over the period under review, hand tools exports, however, continue to indicate a moderate curtailment. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, hand tools exports stood at $X in 2018. Over the period under review, hand tools exports, however, continue to indicate a measured decrease. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

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

From 2007 to 2018, the average annual rate of growth in terms of volume to New Zealand stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Papua New Guinea (-X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value to New Zealand amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Papua New Guinea (-X% per year).

Export Prices by Country

The average hand tools export price stood at $X per tonne in 2018, lowering by -X% against the previous year. Over the period under review, the hand tools export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, 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 2018, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia, while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Australia

Hand tools imports into Australia stood at X tonnes in 2018, remaining relatively unchanged against the previous year. Over the period under review, hand tools imports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

In value terms, hand tools imports totaled $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, hand tools imports attained their maximum at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of hand tools 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), fourfold. The U.S. (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from China was relatively modest. 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 ($X), Taiwan, Chinese ($X) and the U.S. ($X) appeared to be the largest hand tools suppliers to Australia, together comprising X% of total imports.

China experienced the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average hand tools import price amounted to $X per tonne, approximately reflecting the previous year. Over the period under review, the import price indicated a prominent increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hand tools import price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. The import price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2018, 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