Singapore: Hand Tools Market Overview 2020

Hand Tools Market Size in Singapore

The revenue of the hand tools market in Singapore amounted to $X in 2018, 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, hand tools consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the hand tools market reached its peak figure level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Hand Tools Exports

Exports from Singapore

In 2018, the amount of hand tools exported from Singapore amounted to X tonnes, stabilizing at the previous year. The total export volume 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 most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked at X tonnes in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, hand tools exports stood at $X in 2018. Over the period under review, the total exports indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hand tools exports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Indonesia (X tonnes), Malaysia (X tonnes) and the Philippines (X tonnes) were the main destinations of hand tools exports from Singapore, with a combined X% share of total exports. Thailand, Viet Nam, China, Brunei Darussalam, the U.S., Japan, China, Hong Kong SAR and South Korea lagged somewhat behind, together accounting 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 the U.S., while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and the Philippines ($X) constituted the largest markets for hand tools exported from Singapore worldwide, together comprising X% of total exports. Thailand, Viet Nam, China, Brunei Darussalam, Japan, China, Hong Kong SAR, the U.S. and South Korea lagged somewhat behind, together comprising a further X terms of the main countries of destination, Viet Nam recorded the highest rates of growth with regard to exports, over the last eleven years, 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, increasing by X% against the previous year. Overall, the export price indicated a tangible expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hand tools export price increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for hand tools reached their maximum in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Malaysia ($X per tonne), while the average price for exports to the U.S. ($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 South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Singapore

Hand tools imports into Singapore totaled X tonnes in 2018, surging by X% against the previous year. In general, hand tools imports, however, continue to indicate a mild deduction. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Imports peaked at X tonnes in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

In value terms, hand tools imports stood at $X in 2018. Over the period under review, hand tools imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, hand tools imports attained their peak figure at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

China (X tonnes), the U.S. (X tonnes) and Sweden (X tonnes) were the main suppliers of hand tools imports to Singapore, together comprising X% of total imports. These countries were followed by Switzerland, Taiwan, Chinese, Germany, Japan, Malaysia, France, the UK and Brazil, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Switzerland, while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the U.S. ($X) and China ($X) appeared to be the largest hand tools suppliers to Singapore, together comprising X% of total imports. Switzerland, Germany, Taiwan, Chinese, Japan, Malaysia, France, the UK and Brazil lagged somewhat behind, together comprising a further X the main suppliers, Switzerland recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average hand tools import price amounted to $X per tonne, picking up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Switzerland ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2018, 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