Eastern Asia: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Eastern Asia

The East Asian non-electric motor handtools market expanded notably to $X in 2023, rising by X% against the previous year. The market 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. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in the immediate term.

Non-Electric Motor Handtools Production in Eastern Asia

In value terms, non-electric motor handtools production rose remarkably 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 most prominent rate of growth was recorded 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 lower figure.

Non-Electric Motor Handtools Exports

Exports in Eastern Asia

In 2023, shipments abroad of handtools, hydraulic or with a self-contained non-electric motor decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted a modest expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, non-electric motor handtools exports fell to $X in 2023. The total export 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 growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China prevails in exports structure, finishing at X units, which was near X% of total exports in 2023. Japan (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-electric motor handtools supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

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

Non-Electric Motor Handtools Imports

Imports in Eastern Asia

In 2023, purchases abroad of handtools, hydraulic or with a self-contained non-electric motor increased by X% to X units, rising for the second consecutive year after seven years of decline. In general, imports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric motor handtools imports dropped to $X in 2023. Over the period under review, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Japan was the largest importer of handtools, hydraulic or with a self-contained non-electric motor in Eastern Asia, with the volume of imports resulting at X units, which was approx. X% of total imports in 2023. South Korea (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%) and Taiwan (Chinese) (X%).

Japan was also the fastest-growing in terms of the handtools, hydraulic or with a self-contained non-electric motor imports, with a CAGR of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. China experienced a relatively flat trend pattern. While the share of Japan (X p.p.), South Korea (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Taiwan (Chinese) lagged somewhat behind, comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, dropping by X% against the previous year. In general, the import price recorded a slight setback. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of import peaked at $X per unit in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Japan ($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 a decline in the import price figures.

Source: IndexBox Platform