Price for Tools, Hand; Other than Household Tools in China - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in China (FOB) - 2023
- Price for Tools, Hand; Other than Household Tools in China (CIF) - 2022
- Exports of Tools, Hand; Other than Household Tools in China
- Imports of Tools, Hand; Other than Household Tools in China
Price for Tools, Hand; Other than Household Tools in China (FOB) - 2023
In December 2023, the average export price for tools, hand; other than household toolses amounted to $6,862 per ton, increasing by 19% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 23% month-to-month. The export price peaked in December 2023.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Malaysia ($16,978 per ton), while the average price for exports to Brazil ($3,855 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in China (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $55,973 per ton, shrinking by -7.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 15%. Over the period under review, average import prices attained the maximum at $60,577 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($161,434 per ton), while the price for Malaysia ($9,166 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tools, Hand; Other than Household Tools in China
In 2022, overseas shipments of tools, hand; other than household toolses decreased by -3.6% to 287K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 23% against the previous year. As a result, the exports attained the peak of 298K tons, and then contracted modestly in the following year.
In value terms, exports of tools, hand; other than household toolses expanded markedly to $1.6B in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Tools, Hand; Other than Household Tools in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 257 | 282 | 387 | 407 | 16.6% |
| Australia | 20.0 | 25.8 | 34.4 | 68.9 | 51.0% |
| Germany | 41.2 | 50.5 | 68.2 | 63.6 | 15.6% |
| Russia | 29.9 | 35.1 | 48.1 | 55.5 | 22.9% |
| United Kingdom | 37.8 | 43.1 | 69.8 | 51.1 | 10.6% |
| Poland | 23.3 | 29.5 | 42.2 | 40.8 | 20.5% |
| Netherlands | 25.7 | 25.0 | 37.3 | 39.6 | 15.5% |
| France | 26.0 | 27.9 | 40.2 | 34.3 | 9.7% |
| Vietnam | 14.4 | 18.3 | 24.5 | 34.2 | 33.4% |
| Mexico | 16.4 | 19.7 | 27.3 | 33.7 | 27.1% |
| Indonesia | 20.7 | 21.4 | 25.9 | 32.6 | 16.3% |
| Canada | 22.4 | 24.9 | 34.2 | 30.7 | 11.1% |
| Brazil | 16.8 | 20.1 | 24.4 | 26.0 | 15.7% |
| Others | 387 | 414 | 575 | 649 | 18.8% |
| Total | 938 | 1,038 | 1,439 | 1,567 | 18.7% |
Top Export Markets for Tools, Hand; Other than Household Tools from China in 2022:
- United States (76.9K tons)
- Germany (12.9K tons)
- Russia (12.9K tons)
- United Kingdom (9.8K tons)
- Poland (9.7K tons)
- Netherlands (8.6K tons)
- France (7.4K tons)
- Australia (7.0K tons)
- Canada (6.7K tons)
- Mexico (6.7K tons)
- Brazil (6.6K tons)
- Indonesia (6.3K tons)
- Vietnam (5.8K tons)
Imports of Tools, Hand; Other than Household Tools in China
In 2022, imports of tools, hand; other than household toolses into China reached 1K tons, growing by 10% against 2021. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tools, hand; other than household toolses expanded to $57M in 2022. Over the period under review, imports, however, saw a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 3.7% against the previous year.
| Import of Tools, Hand; Other than Household Tools in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.4 | 12.0 | 13.5 | 16.0 | 3.6% |
| United States | 14.5 | 13.5 | 13.7 | 14.1 | -0.9% |
| Japan | 10.8 | 9.3 | 9.5 | 7.4 | -11.8% |
| Taiwan (Chinese) | 4.2 | 4.0 | 5.0 | 5.2 | 7.4% |
| Sweden | 1.7 | 1.6 | 1.7 | 2.0 | 5.6% |
| Italy | 0.9 | 0.9 | 1.4 | 1.3 | 13.0% |
| South Korea | 1.1 | 1.1 | 0.9 | 1.1 | 0.0% |
| India | 0.3 | 0.3 | 0.4 | 0.6 | 26.0% |
| United Kingdom | 1.2 | 1.2 | 0.8 | 0.6 | -20.6% |
| Malaysia | 0.3 | 0.1 | 0.1 | 0.4 | 10.1% |
| Others | 10.2 | 10.3 | 9.3 | 8.9 | -4.4% |
| Total | 59.7 | 54.3 | 56.3 | 57.5 | -1.2% |
Top Suppliers of Tools, Hand; Other than Household Tools to China in 2022:
- Taiwan (Chinese) (427.7 tons)
- Germany (162.2 tons)
- United States (87.2 tons)
- Japan (67.3 tons)
- India (63.0 tons)
- Malaysia (44.2 tons)
- Italy (21.6 tons)
- South Korea (19.5 tons)
- Sweden (17.7 tons)
- United Kingdom (11.6 tons)
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