Kazakhstan: Hand Tools Market Overview 2021

Hand Tools Market Size in Kazakhstan

The Kazakh hand tools market soared to $X in 2019, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a resilient expansion. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2018 to 2019, the growth of the market remained at a lower figure.

Hand Tools Exports

Exports from Kazakhstan

In 2019, after three years of growth, there was significant decline in shipments abroad of hand tools, when their volume decreased by -X% to X tonnes. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2018, and then plummeted in the following year.

In value terms, hand tools exports rose markedly to $X in 2019. Overall, exports, however, posted a strong increase. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2013; afterwards, it flattened through to 2019.

Exports by Country

Russia (X tonnes) was the main destination for hand tools exports from Kazakhstan, accounting for a X% share of total exports. Moreover, hand tools exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X tonnes), eightfold. The third position in this ranking was occupied by Uzbekistan (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+X% per year) and Uzbekistan (+X% per year).

In value terms, Germany ($X), Russia ($X) and Kyrgyzstan ($X) constituted the largest markets for hand tools exported from Kazakhstan worldwide, with a combined X% share of total exports. These countries were followed by Uzbekistan, which accounted for a further X (+X% per year) recorded the highest growth rate of 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, growing by X% against the previous year. Over the period under review, the export price, however, saw a deep downturn. Over the period under review, average export prices attained the peak figure at $X per tonne in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Russia ($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 Uzbekistan, while the prices for the other major destinations experienced a decline.

Hand Tools Imports

Imports into Kazakhstan

In 2019, imports of hand tools into Kazakhstan skyrocketed to X tonnes, jumping by X% compared with the year before. Over the period under review, imports recorded buoyant growth. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, hand tools imports soared to $X in 2019. In general, imports showed a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. From 2018 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of hand tools to Kazakhstan, accounting for a X% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tonnes), threefold.

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

In value terms, China ($X) constituted the largest supplier of hand tools to Kazakhstan, comprising X% of total imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

In 2019, the average hand tools import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced a decline.

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. Italy, Germany, the UK, Brazil, Russia, France, Canada, Viet Nam, South Korea and Indonesia lagged somewhat behind, together accounting for a further 25%.

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

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The country with the largest volume of hand tools production was China (1.7M tonnes), comprising approx. 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 Kazakhstan?

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In value terms, China ($45M) constituted the largest supplier of hand tools to Kazakhstan, comprising 64% of total imports. The second position in the ranking was occupied by Russia ($15M), with a 21% share of total imports.

What are the leading importers of hand tools from Kazakhstan?

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In value terms, Germany ($239K), Russia ($237K) and Kyrgyzstan ($144K) constituted the largest markets for hand tools exported from Kazakhstan worldwide, with a combined 47% share of total exports. These countries were followed by Uzbekistan, which accounted for a further 8.2%.

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

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The average hand tools export price stood at $4,096 per tonne in 2019, jumping by 51% against the previous year.

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

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The average hand tools import price stood at $3,454 per tonne in 2019, declining by -26.3% against the previous year.