Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in India - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in India (FOB) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in India (CIF) - 2022
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in India
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in India
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in India (FOB) - 2022
The average export price for tools; for working in the hand, pneumatic, other than rotary type stood at $15 per unit in 2022, growing by 18% against the previous year. In general, the export price, however, continues to indicate a sharp slump. The pace of growth was the most pronounced in 2013 an increase of 46%. As a result, the export price attained the peak level of $220 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($179 per unit), while the average price for exports to Italy ($4.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (-0.6%), while the prices for the other major destinations experienced a decline.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in India (CIF) - 2022
In 2022, the average import price for tools; for working in the hand, pneumatic, other than rotary type amounted to $38 per unit, approximately equating the previous year. In general, the import price faced a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 27% against the previous year. The import price peaked at $169 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($114 per unit), while the price for Japan ($19 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-9.8%), while the prices for the other major suppliers experienced a decline.
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in India
In 2022, after three years of growth, there was decline in overseas shipments of tools; for working in the hand, pneumatic, other than rotary type, when their volume decreased by -1.1% to 1.6M units. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of 1.6M units, and then fell slightly in the following year.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type surged to $24M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.3% 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 +74.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.8 | 8.6 | 11.9 | 14.4 | 10.1% |
| Australia | 0.8 | 0.8 | 1.0 | 1.0 | 7.7% |
| United Kingdom | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Canada | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Sweden | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| France | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Italy | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Denmark | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Germany | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 7.8 | 3.3 | 5.9 | 7.0 | -3.5% |
| Total | 20.6 | 13.8 | 20.7 | 24.1 | 5.4% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from India in 2022:
- United States (1106.5K units)
- Australia (75.6K units)
- United Kingdom (44.4K units)
- Sweden (27.3K units)
- Canada (26.1K units)
- Denmark (25.6K units)
- Germany (25.6K units)
- France (24.4K units)
- Italy (21.7K units)
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in India
After three years of growth, purchases abroad of tools; for working in the hand, pneumatic, other than rotary type decreased by -6% to 342K units in 2022. The total import volume increased at an average annual rate of +7.3% over the period from 2019 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 22%. As a result, imports attained the peak of 364K units, and then shrank in the following year.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type fell to $13M in 2022. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. Imports peaked at $16M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 4.2 | 3.8 | 3.7 | 3.9% |
| Belgium | 6.1 | 2.9 | 3.4 | 2.4 | -26.7% |
| Taiwan (Chinese) | 1.6 | 1.0 | 1.9 | 2.2 | 11.2% |
| Japan | 0.9 | 0.6 | 0.7 | 0.5 | -17.8% |
| Hong Kong SAR | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Others | 3.6 | 2.6 | 3.9 | 3.9 | 2.7% |
| Total | 15.7 | 11.4 | 13.9 | 13.0 | -6.1% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to India in 2022:
- China (179.4K units)
- Taiwan (Chinese) (82.2K units)
- Japan (29.3K units)
- Belgium (20.6K units)
- Hong Kong SAR (7.6K units)
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