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

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

For the fifth consecutive year, the East Asian market for in-hand motor grinders, sanders and planers recorded decline in sales value, which decreased by -69.5% to $X in 2021. In general, consumption showed a abrupt setback. 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 Eastern Asia

In value terms, production of in-hand motor grinders, sanders and planers stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 48%. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in Eastern Asia

For the fifth consecutive year, Eastern Asia recorded growth in shipments abroad of in-hand motor grinders, sanders and planers, which increased by 25% to X units 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.

In value terms, exports of in-hand motor grinders, sanders and planers soared to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from China (X units), together reaching 98% of total export.

China was also the fastest-growing in terms of the in-hand motor grinders, sanders and planers exports, with a CAGR of +9.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest electromechanical tools for working in the hand, with self-contained electric motor supplier in Eastern Asia.

In China, exports of in-hand motor grinders, sanders and planers expanded at an average annual rate of +11.5% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, surging by 6.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2016 when the export price increased by 13%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +2.0% per year.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports in Eastern Asia

In 2021, imports of in-hand motor grinders, sanders and planers in Eastern Asia soared to X units, surging by 26% against the year before. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.1% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +112.5% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X units), China (X units) and South Korea (X units) represented roughly 87% of total imports in 2021. It was distantly followed by Taiwan (Chinese) (X units) and Hong Kong SAR (X units), together constituting a 12% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +29.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 90% share of total imports.

China, with a CAGR of +10.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, leveling off at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 12% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($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) (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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