Overview of the Global Market for Pneumatic Or Hydraulic Hand Tools

Market Size for Pneumatic Or Hydraulic Hand Tools

In 2022, the global market for pneumatic or hydraulic hand tools increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the global market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools

In value terms, pneumatic or hydraulic hand tool production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, global production growth failed to regain momentum.

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Exports of Pneumatic Or Hydraulic Hand Tools

Exports

In 2022, shipments abroad of pneumatic or hydraulic hand tools decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. The total export 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 pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then declined sharply in the following year.

In value terms, pneumatic or hydraulic hand tool exports shrank to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

China dominates exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), creating an X% share of total exports. The following exporters - the United States (X units), India (X units), Germany (X units), Japan (X units) and Vietnam (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), India (X%) and Taiwan (Chinese) (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. Germany experienced a relatively flat trend pattern. By contrast, Japan (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), India (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual 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 Germany (X% per year).

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price, however, showed a mild shrinkage. The global export price peaked at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while India ($X per unit) was amongst the lowest.

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

Imports of Pneumatic Or Hydraulic Hand Tools

Imports

In 2022, after two years of growth, there was significant decline in supplies from abroad of pneumatic or hydraulic hand tools, when their volume decreased by X% to X units. 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 growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, pneumatic or hydraulic hand tool imports reduced modestly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

The United States represented the major importer of pneumatic or hydraulic hand tools in the world, with the volume of imports finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Russia (X units), achieving an X% share of total imports. The following importers - India (X units), Brazil (X units), France (X units), Germany (X units), Canada (X units), Thailand (X units), Mexico (X units), Spain (X units), Chile (X units), Australia (X units) and the UK (X units) - together made up X% of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Thailand (X%), Spain (X%), Brazil (X%), Chile (X%), Mexico (X%), Russia (X%), the UK (X%) and France (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Australia (X%) and Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Thailand increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United States, pneumatic or hydraulic hand tool imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average import price for pneumatic or hydraulic hand tools amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, saw a perceptible setback. Global import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while Chile ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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