Japan: Hand Tools Market Overview 2020

Hand Tools Market Size in Japan

The revenue of the hand tools market in Japan amounted to $X in 2018, dropping by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, the hand tools market reached its peak figure level at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Hand Tools Production in Japan

In value terms, hand tools production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when production volume increased by X% y-o-y. Hand tools production peaked at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

Hand Tools Exports

Exports from Japan

In 2018, the amount of hand tools exported from Japan amounted to X tonnes, falling by -X% against the previous year. In general, hand tools exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. In that year, hand tools exports reached their peak of X tonnes. From 2009 to 2018, the growth of hand tools exports failed to regain its momentum.

In value terms, hand tools exports amounted to $X in 2018. The total export value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. In that year, hand tools exports attained their peak of $X. From 2011 to 2018, the growth of hand tools exports remained at a somewhat 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, with a combined X% share of total exports. These countries were followed by India, Taiwan, Chinese, Thailand, China, Hong Kong SAR, Indonesia, Germany, the Philippines, the Netherlands and Malaysia, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand tools exported from Japan were the U.S. ($X), South Korea ($X) and China ($X), with a combined X% share of total exports. Taiwan, Chinese, India, Germany, China, Hong Kong SAR, Thailand, the Netherlands, the Philippines, Indonesia and Malaysia lagged somewhat behind, together accounting for a further X terms of the main countries of destination, India recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand tools export price stood at $X per tonne in 2018, surging by X% against the previous year. Over the period from 2007 to 2018, 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. In that year, the average export prices for hand tools reached their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the average export prices for hand tools remained at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Japan

In 2018, approx. X tonnes of hand tools were imported into Japan; surging by X% against the previous year. In general, hand tools imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, hand tools imports reached their maximum at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, hand tools imports totaled $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, hand tools imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of hand tools to Japan, accounting for 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 the U.S. (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China was relatively modest. 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).

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

From 2007 to 2018, the average annual rate of growth in terms 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 2018, the average hand tools import price amounted to $X per tonne, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for hand tools reached their peak figure at $X per tonne in 2016; afterwards, it flattened through to 2018.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Thailand ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform