Global Screwdriver Market 2024

Screwdriver Market Size

The global screwdriver market fell modestly to $X in 2023, dropping by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Screwdriver Production

In value terms, screwdriver production shrank to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Screwdriver Exports

Exports

Global screwdriver exports dropped to X tons in 2023, falling by X% against 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the global exports reached the peak figure at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, screwdriver exports declined to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The global exports peaked at $X in 2022, and then reduced slightly in the following year.

Exports by Country

China prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. Taiwan (Chinese) (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%). The following exporters - the Netherlands (X tons), the Czech Republic (X tons) and Belgium (X tons) - each reached a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of screwdrivers. At the same time, the Czech Republic (X%), Belgium (X%), Taiwan (Chinese) (X%) and Germany (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Taiwan (Chinese) increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2023, the average screwdriver export price amounted to $X per ton, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices hit record highs in 2023 and is likely to see gradual growth in years to come.

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

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

Screwdriver Imports

Imports

After two years of growth, overseas purchases of screwdrivers decreased by X% to X tons in 2023. The total import volume 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global imports attained the peak figure at X tons in 2022, and then reduced in the following year.

In value terms, screwdriver imports fell to $X in 2023. Overall, total imports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of global imports remained at a somewhat lower figure.

Imports by Country

In 2023, the United States (X tons), distantly followed by Germany (X tons) and Malaysia (X tons) represented the major importers of screwdrivers, together mixing up X% of total imports. Russia (X tons), France (X tons), Indonesia (X tons), India (X tons), Italy (X tons), the UK (X tons), Belgium (X tons), the Netherlands (X tons), Poland (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to screwdriver imports into the United States stood at X%. At the same time, Malaysia (X%), India (X%), Italy (X%), Poland (X%), Indonesia (X%), Russia (X%), the Netherlands (X%), France (X%) and Germany (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. The United Arab Emirates and Belgium experienced a relatively flat trend pattern. By contrast, the UK (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.), Malaysia (X p.p.) and India (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of the UK (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2023, together comprising X% of global imports. The Netherlands, the UK, Poland, Italy, Russia, Belgium, the United Arab Emirates, Malaysia, Indonesia and India lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average screwdriver import price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform