Report Update Apr 1, 2024

India - Tools of Wood - Market Analysis, Forecast, Size, Trends and Insights

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India: Wood Tool Market 2024

Wood Tool Market Size in India

The Indian wood tool market totaled $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a buoyant increase. Wood tool consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Wood Tool Production in India

In value terms, wood tool production totaled $X in 2022 estimated in export price. Overall, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Wood tool production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Wood Tool Exports

Exports from India

After two years of growth, overseas shipments of tools of wood decreased by X% to X tons in 2022. In general, exports, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wood tool exports fell remarkably to $X in 2022. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Germany (X tons), the United States (X tons) and the UK (X tons) were the main destinations of wood tool exports from India, together accounting for X% of total exports. Denmark, the Netherlands, Norway, Nepal, Sri Lanka, France, South Korea, Spain, Australia and China lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), the United States ($X) and the UK ($X) constituted the largest markets for wood tool exported from India worldwide, with a combined X% share of total exports. Norway, Denmark, South Korea, the Netherlands, China, France, Australia, Spain, Sri Lanka and Nepal lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood tool export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Tool Imports

Imports into India

Wood tool imports into India totaled X tons in 2022, surging by X% on 2021. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, wood tool imports amounted to $X in 2022. Overall, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Vietnam (X tons) was the main supplier of wood tool to India, accounting for a X% share of total imports. Moreover, wood tool imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam totaled X%.

In value terms, Vietnam ($X) constituted the largest supplier of tools of wood to India, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Vietnam totaled X%.

Import Prices by Country

In 2022, the average wood tool import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Vietnam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

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Frequently Asked Questions (FAQ) :

What are the largest markets for tools of wood in the world?

The country with the largest volume of wood tool consumption was China, comprising approx. 23% of total volume. Moreover, wood tool consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8% share.

What are the largest producers of tools of wood in the world?

China constituted the country with the largest volume of wood tool production, accounting for 28% of total volume. Moreover, wood tool production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was held by India, with a 7.5% share.

What are the leading suppliers of tools of wood to India?

In value terms, Vietnam constituted the largest supplier of tools of wood to India, comprising 89% of total imports. The second position in the ranking was held by China, with a 7.3% share of total imports.

What are the leading importers of tools of wood from India?

In value terms, Germany, the United States and the UK constituted the largest markets for wood tool exported from India worldwide, together comprising 53% of total exports. Norway, Denmark, South Korea, the Netherlands, China, France, Australia, Spain, Sri Lanka and Nepal lagged somewhat behind, together accounting for a further 27%.

What is the average export price for tools of wood in India?

In 2022, the average wood tool export price amounted to $17,613 per ton, declining by -18.3% against the previous year.

What is the average import price for tools of wood in India?

In 2022, the average wood tool import price amounted to $427 per ton, standing approx. at the previous year.

This report provides an in-depth analysis of the wood tool market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16291130 - Tools, tool bodies and handles and broom or brush bodies and handles of wood, boot and shoe lasts and trees of wood

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023