Global Metal Hammer Market 2024

Metal Hammer Market Size

In 2022, the global metal hammer market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Global consumption peaked at $X in 2012; afterwards, it flattened through to 2022.

Metal Hammer Production

In value terms, metal hammer production declined modestly to $X in 2022 estimated in export price. In general, production showed a slight descent. The pace of growth was the most pronounced in 2018 with an increase of X%. Global production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Hammer Exports

Exports

In 2022, global metal hammer exports contracted to X tons, reducing by X% against 2021 figures. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, metal hammer exports reached $X in 2022. The total export value increased at an average annual rate of X% 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 2021 when exports increased by X%. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

China prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), constituting a X% share of total exports. Mexico (X tons), Vietnam (X tons), India (X tons), Germany (X tons), the United Arab Emirates (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of hammers and sledge hammers with working part of metal. At the same time, Vietnam (X%), the Netherlands (X%), Taiwan (Chinese) (X%), the United Arab Emirates (X%), Mexico (X%) and Germany (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. India experienced a relatively flat trend pattern. From 2012 to 2022, the share of Vietnam and Taiwan (Chinese) increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal hammer supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average metal hammer export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Metal Hammer Imports

Imports

In 2022, supplies from abroad of hammers and sledge hammers with working part of metal decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, metal hammer imports totaled $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States was the major importer of hammers and sledge hammers with working part of metal in the world, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Indonesia (X tons), making up a X% share of total imports. Germany (X tons), Russia (X tons), Malaysia (X tons), Belgium (X tons), Canada (X tons), the UK (X tons), the Netherlands (X tons), Australia (X tons), Taiwan (Chinese) (X tons) and France (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal hammer imports into the United States stood at X%. At the same time, Malaysia (X%), the Netherlands (X%), Belgium (X%), Australia (X%), Taiwan (Chinese) (X%), Germany (X%), Indonesia (X%), the UK (X%), France (X%) and Canada (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Russia experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States, Malaysia and Belgium increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported hammers and sledge hammers with working part of metal worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In the United States, metal hammer imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average metal hammer import price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Global import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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