CIS: Hand Tools Market 2024

Hand Tools Market Size in CIS

The CIS hand tools market reduced to $X in 2022, waning by X% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Hand Tools Production in CIS

In value terms, hand tools production declined to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Hand Tools Exports

Exports in CIS

In 2022, shipments abroad of hand tools decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. Overall, exports, however, continue to indicate a measured increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell dramatically in the following year.

In value terms, hand tools exports shrank dramatically to $X in 2022. Over the period under review, exports, however, saw measured growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Belarus (X tons) and Russia (X tons) represented roughly X% of total exports in 2022. Kyrgyzstan (X tons) took the next position in the ranking, followed by Kazakhstan (X tons). All these countries together took approx. X% share of total exports. Uzbekistan (X tons) and Armenia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hand tools supplying countries in the CIS were Belarus ($X), Russia ($X) and Kazakhstan ($X), with a combined X% share of total exports. Kyrgyzstan, Armenia and Uzbekistan lagged somewhat behind, together comprising a further X%.

Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, saw a slight slump. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, 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 Belarus ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Hand Tools Imports

Imports in CIS

After five years of growth, overseas purchases of hand tools decreased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate tangible growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, hand tools imports declined to $X in 2022. Overall, imports, however, showed moderate growth. The growth pace was the most rapid in 2019 when imports increased by X%. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Russia was the largest importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Kazakhstan (X tons), Belarus (X tons) and Uzbekistan (X tons), together achieving a X% share of total imports. The following importers - Kyrgyzstan (X tons) and Azerbaijan (X tons) - together made up X% of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Azerbaijan experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan, Kazakhstan and Belarus increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported hand tools in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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