Eastern Asia: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Eastern Asia

The East Asian market for pneumatic or hydraulic hand tools rose notably to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market reached the maximum level in 2023 and is likely to see gradual growth in the near future.

Production of Pneumatic Or Hydraulic Hand Tools in Eastern Asia

In value terms, pneumatic or hydraulic hand tool production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports in Eastern Asia

In 2023, shipments abroad of pneumatic or hydraulic hand tools decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool exports fell to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China was the main exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Taiwan (Chinese) (X units), achieving a X% share of total exports. Japan (X units) took a relatively small share of total exports.

China was also the fastest-growing in terms of the pneumatic or hydraulic hand tools exports, with a CAGR of X% from 2012 to 2023. Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and Taiwan (Chinese) saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest pneumatic or hydraulic hand tool supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, which is down by X% against the previous year. In general, the export price, however, posted slight growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports in Eastern Asia

In 2023, approx. X units of pneumatic or hydraulic hand tools were imported in Eastern Asia; shrinking by X% compared with the year before. Overall, imports continue to indicate a slight decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports fell to $X in 2023. In general, imports saw a pronounced slump. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

China (X units) and Japan (X units) were the key importers of pneumatic or hydraulic hand tools in 2023, recording near X% and X% of total imports, respectively. It was distantly followed by South Korea (X units) and Taiwan (Chinese) (X units), together creating a X% share of total imports. Hong Kong SAR (X units) held a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest pneumatic or hydraulic hand tool importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for X% of total imports. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Korea ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform