Review Of Import And Export Of China's Pneumatic Tools Industry in 2020

In 2020, influenced by COVID-19, the import and export volume of China's pneumatic tool industry has declined, excluding the impact of COVID-19. From the import and export situation of China's pneumatic tool industry in the past 2017-2019 years, the total import volume of China's pneumatic tool industry showed a downward trend. The total export volume of the industry showed a rapid growth trend, and the export scale of high-end products increased.

Pneumatic tools, also known as pneumatic tools, are devices that use the energy of compressed air provided by air compressor as the power source. At present, pneumatic tools are widely used in modern machinery manufacturing, shipbuilding, automobile manufacturing and many other fields, especially in automobile manufacturing, which are widely used in grinding, polishing, spraying, assembly and other working conditions in the process of vehicle processing, It is one of the indispensable key tooling equipment for mass production of modern automobile. In the automobile manufacturing industry, nearly 90% of the connection forms of vehicle assembly are threaded connection, so pneumatic tightening tools are widely used in vehicle assembly.

At the beginning of the 21st century, with China's accession to the world trade organization, China's pneumatic tool manufacturers promote China's pneumatic tool technology and production capacity by introducing foreign advanced production equipment and technical management experience, further narrowing the gap between China's pneumatic tool enterprises and international competitors.

Different from the long-term trade deficit of electric tools, although both are power tools, the export scale of China's pneumatic tools in recent years is far larger than the import scale, the products have good sales in the global market, and the industry has long been in a trade surplus.

The total import and export volume decreased

According to the data released by the General Administration of customs, China's total import and export of pneumatic tools increased year by year in 2017-2019 years. In 2019, the total import and export of pneumatic tools in China reached 2 billion 542 million US dollars, up 30.7% from the same period last year. In 2020, COVID-19's influence on international logistics of pneumatic tools was greatly affected, while the overseas epidemic situation had not yet improved significantly. The downstream demand of overseas pneumatic tools has declined, so the total import and export volume of China's pneumatic tools will drop sharply in 2020. In 2020, the total import and export volume of China's pneumatic tools will be 1.73 billion US dollars, a year-on-year decrease of 31.9%.

Trade surplus trade surplus with the trade of pneumatic tools in China has been in the balance for 2017-2019 years. The trade surplus of China's pneumatic tool industry has increased by 137.6% in 2019, compared with the same period in 2019. The trade surplus of China's pneumatic tool industry has declined significantly in 2020, due to the impact of the company's influence on the trade. In 2020, China's pneumatic tool industry will achieve a trade surplus of 451 million US dollars, lower than the level in 2018.

Export volume rises and price falls

In recent years, the export quantity of China's pneumatic tools fluctuates, and the export amount increases year by year. According to the data released by the General Administration of customs, the export quantity of China's pneumatic tools in 2019 is 43.5039 million units, a year-on-year decrease of 6.2%, and the export amount of China's pneumatic tools in 2019 is 1.879 billion US dollars, a year-on-year increase of 53%.

In 2020, influenced by COVID-19, the export volume of China's pneumatic tools decreased significantly, and the export volume increased slightly. In 2020, the number of pneumatic tools exported to China increased to 43 million 765 thousand and 900, an increase of 0.6% over the same period last year, and the export amount was 1 billion 91 million US dollars, down 42% from the same period last year. The increase of export volume but the decrease of export amount indicates that the average price of export products has declined.

Import volume continues to decline, domestic substitution effect is obvious

In recent years, the import quantity and amount of China's pneumatic tools fluctuated and decreased. According to the data released by the General Administration of customs, the import quantity of China's pneumatic tools in 2019 was 5.3705 million units, a year-on-year decrease of 16.4%, and the import amount of China's pneumatic tools in 2019 was 662 million US dollars, a year-on-year decrease of 7.6%.

In 2020, the import amount of China's pneumatic tools will continue to decline, and the import quantity will increase slightly. In 2020, the import quantity of China's pneumatic tools will reach 5.7109 million units, with a year-on-year growth of 6.3%, and the import amount will be US $640 million, with a year-on-year decline of 3.4%. The import amount of Qigong tools in China has been declining for two consecutive years, which reflects that the domestic supply capacity of high-end tools in China has been significantly enhanced, and the domestic substitution effect is obvious.

Forward looking industry analysts believe that with the end of the epidemic, the import and export scale of China's pneumatic tool industry is expected to pick up, but in the short term, due to the uncertainty of global epidemic prevention and control, the import and export of China's pneumatic tool industry will still be affected by the epidemic in the short term;

In the long run, the export scale of China's pneumatic tools industry will continue to expand, the import scale will continue to fluctuate and decline, the trade surplus of the industry will continue to expand, the added value of export products will continue to improve, and the competitiveness of domestic brands in the international market will gradually increase.

The above data and analysis are all from the analysis report on market prospect and investment strategic planning of China's pneumatic tools industry of foresight Industry Research Institute. Meanwhile, foresight Industry Research Institute provides solutions such as industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment promotion, IPO investment feasibility study, etc.