In 2004, the value of China's exports of hand tools grew 28%.
However, in terms of volume, overseas shipments expanded by the much lower rate of 14%, slowed by a jump in prices.
The higher growth in dollar terms is also the result of a greater number of professional tools being exported, since these are more expensive than products for the DIY market.
Find out how you can profit from this shift toward high-end products — and learn what other changes may lie ahead in the next 12 months — with this China Sourcing Report.
You will get company profiles, product trends, a full industry analysis and much more that you can use to find new sourcing opportunities in this competitive, innovative market.
In-depth profiles of 15 hand tool makers that offer details on manufacturing capabilities, quality-control initiatives, future development plans and more.
Based on factory tours and interviews with senior managers, this information is available nowhere else Profile tables of an additional 60 China manufacturers, spotlighting key data such as number of assembly lines, machinery installed, percentage of exports by product type, main overseas markets and production volumes A Product Gallery featuring 107 best-selling hand tools with detailed product specifications and full-color pictures The results of Global Sources' supplier survey, forecasting price, product, production and R&D trends for the next 12 months This report covers: pliers, wrenches, screwdrivers, hammers, saws and chisels Learn if the increasing cost of raw materials will push export prices even higher in the year ahead.
Plus find which makers are best positioned to absorb increased costs Discover what steps suppliers are taking to improve the aesthetics and ergonomics of their hand tools Find out which city in Zhejiang province — the center of China's hand tool industry — is the best place for you to source different types of hand tool from Benefit from easy-to-use Price Guides targeting a broad range of hand tools produced in China When you purchase this China Sourcing Report, you'll also get online access — at no extra charge — to complete details of all featured suppliers in it.
These details can be filtered and sorted as you wish.