Overview of the Global Market for Hand-Operated Drilling, Threading or Tapping Tools

Market Size for Hand-Operated Drilling, Threading or Tapping Tools

The global market for hand-operated drilling, threading or tapping tools rose to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Global consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Hand-Operated Drilling, Threading or Tapping Tools

In value terms, production of hand-operated drilling, threading or tapping tools dropped slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, global production of hit record highs at $X in 2021, and then dropped modestly in the following year.

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Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports

In 2022, approx. X tons of hand-operated drilling, threading or tapping tools were exported worldwide; surging by X% against the previous year. In general, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of hand-operated drilling, threading or tapping tools expanded sharply to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

China represented the major exporting country with an export of around X tons, which amounted to X% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with an X% share, followed by the United Arab Emirates (X%) and the United States (X%). Belgium (X tons), Germany (X tons), Israel (X tons), India (X tons), Spain (X tons), France (X tons), Taiwan (Chinese) (X tons) and Pakistan (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%), Belgium (X%), the United Arab Emirates (X%), France (X%), Israel (X%), Pakistan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, Germany (X%), the United States (X%) and India (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the Netherlands (X p.p.), the United Arab Emirates (X p.p.) and Belgium (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hand-operated drilling, threading or tapping tool supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by the United States ($X), with a X% share of global exports. It was followed by the Netherlands, with a X% share.

In China, exports of hand-operated drilling, threading or tapping tools expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average export price for hand-operated drilling, threading or tapping tools amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by X%. The global export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other global leaders experienced more modest paces of growth.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports

In 2022, purchases abroad of hand-operated drilling, threading or tapping tools decreased by X% to X tons, falling for the second year in a row after four years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of global imports of remained at a lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools rose to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, global imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Malaysia (X tons) and the Netherlands (X tons) were the key importers of hand-operated drilling, threading or tapping tools in 2022, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by the UK (X tons), making up a X% share of total imports. The following importers - France (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), Germany (X tons), Belgium (X tons), the United States (X tons), Niger (X tons), Indonesia (X tons), India (X tons) and Poland (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported hand-operated drilling, threading or tapping tools worldwide, comprising X% of global imports. The second position in the ranking was taken by the United States ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the Netherlands, imports of hand-operated drilling, threading or tapping tools increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (X% per year) and France (X% per year).

Import Prices by Country

The average import price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. 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 reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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