Japan: Hand Tools Market Overview 2021

Hand Tools Market Size in Japan

In 2019, after two years of growth, there was decline in the Japanese hand tools market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2013 to 2019, the growth of the market remained at a lower figure.

Hand Tools Production in Japan

In value terms, hand tools production shrank slightly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2009 when the production volume increased by X% against the previous year. Hand tools production peaked at $X in 2018, and then declined slightly in the following year.

Hand Tools Exports

Exports from Japan

In 2019, overseas shipments of hand tools increased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. In general, exports, however, showed a mild decline. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2011 to 2019, the growth exports failed to regain the momentum.

In value terms, hand tools exports declined to $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

South Korea (X tonnes), the U.S. (X tonnes) and China (X tonnes) were the main destinations of hand tools exports from Japan, together accounting for X% of total exports. These countries were followed by Viet Nam, Thailand, Taiwan (Chinese), Indonesia, Germany, India, Hong Kong SAR, the Netherlands, Saudi Arabia and the UK, which together accounted for a further X 2007 to 2019, the biggest increases were in Viet Nam, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), South Korea ($X) and China ($X) appeared to be the largest markets for hand tools exported from Japan worldwide, with a combined X% share of total exports. These countries were followed by Germany, Taiwan (Chinese), Hong Kong SAR, Thailand, the Netherlands, India, Viet Nam, the UK, Indonesia and Saudi Arabia, which together accounted for a further X recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average hand tools export price amounted to $X per tonne, declining by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Japan

After two years of growth, supplies from abroad of hand tools decreased by -X% to X tonnes in 2019. Over the period under review, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, hand tools imports amounted to $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2019 and are likely to continue growth in years to come.

Imports by Country

In 2019, China (X tonnes) constituted the largest hand tools supplier to Japan, with a X% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tonnes), threefold. The third position in this ranking was occupied by Thailand (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-X% per year) and Thailand (+X% per year).

In value terms, China ($X) constituted the largest supplier of hand tools to Japan, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

In 2019, the average hand tools import price amounted to $X per tonne, growing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012 an increase of X% y-o-y. The import price peaked in 2019 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hand tools in the world?

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The countries with the highest volumes of hand tools consumption in 2019 were China (577K tonnes), the U.S. (341K tonnes) and Japan (112K tonnes), with a combined 35% share of global consumption. These countries were followed by Italy, Germany, the UK, Brazil, Russia, France, Canada, Viet Nam, South Korea and Indonesia, which together accounted for a further 25%.

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

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China (1.7M tonnes) constituted the country with the largest volume of hand tools production, accounting for 63% of total volume. Moreover, hand tools production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (176K tonnes), tenfold. Italy (115K tonnes) ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of hand tools to Japan?

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In value terms, China ($190M) constituted the largest supplier of hand tools to Japan, comprising 42% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($92M), with a 20% share of total imports. It was followed by the U.S., with a 10% share.

What are the leading importers of hand tools from Japan?

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In value terms, the largest markets for hand tools exported from Japan were the U.S. ($101M), South Korea ($70M) and China ($56M), together comprising 49% of total exports. These countries were followed by Germany, Taiwan (Chinese), Hong Kong SAR, Thailand, the Netherlands, India, Viet Nam, the UK, Indonesia and Saudi Arabia, which together accounted for a further 33%.

What is the average export price for hand tools in Japan?

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In 2019, the average hand tools export price amounted to $25,788 per tonne, waning by -5.3% against the previous year.

What is the average import price for hand tools in Japan?

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In 2019, the average hand tools import price amounted to $12,060 per tonne, growing by 9% against the previous year.