China - Planes, Chisels And Gouges For Working Wood - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGouges and Chisels Price in China - 2023
Contents:
- Gouges and Chisels Price in China (FOB) - 2023
- Gouges and Chisels Price in China (CIF) - 2022
- Gouges and Chisels Exports in China
- Gouges and Chisels Imports in China
Gouges and Chisels Price in China (FOB) - 2023
The average gouges and chisels export price stood at $5,088 per ton in June 2023, dropping by -9.1% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in July 2022 an increase of 12% m-o-m. The export price peaked at $7,508 per ton in March 2023; however, from April 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the United States ($8,035 per ton), while the average price for exports to Nigeria ($2,035 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Gouges and Chisels Price in China (CIF) - 2022
The average gouges and chisels import price stood at $7,522 per ton in 2022, picking up by 37% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The import price peaked at $29,325 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($63,302 per ton), while the price for Vietnam ($2,544 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Gouges and Chisels Exports in China
In 2022, overseas shipments of planes, chisels and gouges for working wood decreased by -5.7% to 19K 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 +5.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 23%. As a result, the exports attained the peak of 20K tons, and then declined in the following year.
In value terms, gouges and chisels exports amounted to $109M in 2022. The total export value increased at an average annual rate of +12.1% from 2019 to 2022; 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 29%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Gouges and Chisels in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.6 | 15.7 | 19.2 | 20.2 | 11.4% |
| United Kingdom | 4.8 | 4.7 | 8.6 | 5.8 | 6.5% |
| Indonesia | 3.9 | 5.1 | 4.4 | 5.2 | 10.1% |
| Germany | 3.4 | 4.1 | 5.4 | 5.1 | 14.5% |
| India | 2.7 | 2.0 | 2.2 | 4.5 | 18.6% |
| France | 2.1 | 2.5 | 3.7 | 3.7 | 20.8% |
| Philippines | 1.8 | 1.4 | 2.4 | 3.6 | 26.0% |
| Australia | 1.8 | 1.9 | 2.0 | 3.6 | 26.0% |
| Netherlands | 1.0 | 1.3 | 1.4 | 3.3 | 48.9% |
| Russia | 1.9 | 2.7 | 3.4 | 2.9 | 15.1% |
| Poland | 1.4 | 1.6 | 2.1 | 1.9 | 10.7% |
| United Arab Emirates | 1.1 | 1.0 | 1.7 | 1.8 | 17.8% |
| Nigeria | 1.2 | 0.6 | 0.8 | 0.9 | -9.1% |
| Others | 36.1 | 39.0 | 50.6 | 46.7 | 9.0% |
| Total | 77.7 | 83.6 | 108 | 109 | 11.9% |
Top Export Markets for Gouges and Chisels from China in 2022:
- United States (2.4K tons)
- Indonesia (1.0K tons)
- India (1.0K tons)
- United Kingdom (1.0K tons)
- Germany (0.7K tons)
- Russia (0.6K tons)
- France (0.6K tons)
- Netherlands (0.5K tons)
- Philippines (0.5K tons)
- Poland (0.5K tons)
- United Arab Emirates (0.4K tons)
- Australia (0.4K tons)
- Nigeria (0.4K tons)
Gouges and Chisels Imports in China
In 2022, approx. 135 tons of planes, chisels and gouges for working wood were imported into China; waning by -67.1% compared with the previous year's figure. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 734% against the previous year. As a result, imports reached the peak of 412 tons, and then shrank markedly in the following year.
In value terms, gouges and chisels imports dropped notably to $1M in 2022. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 93% against the previous year. As a result, imports attained the peak of $2.3M, and then contracted rapidly in the following year.
| Import of Gouges and Chisels in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 636 | 335 | 560 | 230 | -28.8% |
| Japan | 111 | 176 | 204 | 210 | 23.7% |
| Vietnam | N/A | N/A | 977 | 177 | -81.9% |
| India | 23.0 | 12.3 | 83.7 | 101 | 63.8% |
| Germany | 385 | 391 | 213 | 94.6 | -37.4% |
| Others | 322 | 261 | 227 | 207 | -13.7% |
| Total | 1,477 | 1,176 | 2,264 | 1,019 | -11.6% |
Top Suppliers of Gouges and Chisels to China in 2022:
- Vietnam (69.5 tons)
- India (29.5 tons)
- United Kingdom (16.4 tons)
- Germany (4.5 tons)
- Japan (4.0 tons)
This report provides an in-depth analysis of the gouges and chisels market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25733057 - Planes, chisels, gouges and similar cutting tools for working wood
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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From 2022 to 2023, the export growth of Gouges And Chisels failed to regain momentum, with exports declining in value to $98M in 2023.
311
In value terms, gouges and chisels exports dropped to $9.2M in April 2023.
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In March 2023, Metal Hammer exports saw a striking 140% month-on-month growth. By December 2023, the value of Metal Hammer exports had surged to $25M.
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