China: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in China

For the fifth consecutive year, the Chinese market for in-hand motor grinders, sanders and planers recorded decline in sales value, which decreased by -81.2% to $X in 2021. Over the period under review, consumption faced a precipitous decrease. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of In-Hand Motor Grinders, Sanders And Planers in China

In value terms, production of in-hand motor grinders, sanders and planers reached $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 48%. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from China

For the fifth year in a row, China recorded growth in shipments abroad of in-hand motor grinders, sanders and planers, which increased by 25% to X units in 2021. In general, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers soared to $X in 2021. Overall, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from China, accounting for a 22% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to the United States exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by the UK (X units), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.7% per year) and the UK (+12.2% per year).

In value terms, the United States ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from China, comprising 30% of total exports. The second position in the ranking was held by Germany ($X), with a 9.5% share of total exports. It was followed by the UK, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.2% per year) and the UK (+17.6% per year).

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, surging by 6.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into China

Imports of in-hand motor grinders, sanders and planers into China skyrocketed to X units in 2021, increasing by 58% on 2020 figures. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 168%. Over the period under review, imports of reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. Overall, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to China, with a 78% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from Vietnam exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sevenfold. The third position in this ranking was held by Japan (X units), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam amounted to +260.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+15.7% per year) and Japan (+3.9% per year).

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to China were Vietnam ($X), Germany ($X) and Malaysia ($X), with a combined 53% share of total imports.

Vietnam, with a CAGR of +220.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, with a decrease of -12% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 67% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :