• Categories:Industry news
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• Time of issue:2023-09-20 18:33
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(Summary description)At present, the vast majority of electric tools sold globally are produced and exported from China, which has become the world's leading supplier of electric tools, especially DIY tools. Especially with the positive news of the increase in export volume, export value, and unit price of various types of electric tools last year, it indicates that the electric tool industry will have greater and better development. Handheld electric drills have surpassed the $1 billion mark. In recent years, China's electric tool industry has vigorously explored the international market and achieved remarkable results, becoming a major producer and exporter of electric tools in the world. Due to the characteristics of small investment, fast results, and assembly production in the electric tool industry, electric tool enterprises in China have sprung up like mushrooms in the past decade. Although the production level of the entire industry continues to improve, at the same time, it has also brought about intense price competition, even to the point of being basically unprofitable. Last year, driven by the global increase in prices of raw materials such as silicon steel sheets, copper, and aluminum, the international market price of electric tools in China reversed the downward trend year by year, with an average unit price all rising, and the increase was significant. Among the bulk electric tool products with an export value exceeding 400 million US dollars, the average unit price of portable electric drills increased by 16.4%, the average unit price of portable electric saws increased by 18.2%, the average unit price of portable electric sanding tools increased by 13%, and the average unit price of other portable electric tools increased by 13.5%. Although the increase in prices of electric tools is mostly offset by the rise in raw material prices, without bringing synchronous profit growth, it at least indicates that the electric tool industry is moving towards improving product quality and building a strong export country. Due to nearly 80% of the exported electric tool products being exported to developed countries in Europe and the United States, and nearly 50% being exported to the three main markets of the United States, Germany, and the United Kingdom. The top 10 markets in terms of export volume account for nearly 75% of China's total export value. The two markets with the largest global import volume of electric tools are the United States and Germany, both of which rank among the top in terms of imported electric tools from China. Our market share in these two countries is over 55% and 30% respectively. In the construction hardware supermarkets and hardware tool stores in these countries, it can be seen that ordinary electric tool products are basically produced and exported by China. Due to the willingness of citizens in these developed countries to do it themselves (DIY), Europe and North America will be the main regions for China's power tool exports for a considerable period of time. But after the financial crisis, the export of electric tools needs to seek emerging markets.