In the first half of this year, from January to June, Yongkang's electric tool exports saw a mixed performance. A total of 5,289 batches were shipped, amounting to 8.654 million units with an export value of $162 million. The average unit price stood at $18.71. Compared to the same period last year, the number of batches increased by 4.05%, but the volume, value, and average price all declined—by 5%, 9.57%, and 4.8% respectively.
The global financial crisis had a significant impact on Yongkang’s power tool exports, causing a sharp decline in both volume and value. While there has been a gradual recovery as foreign economies stabilize, the outlook remains uncertain. Exporters are still facing challenges, especially in traditional markets.
Looking at market distribution, exports to emerging markets showed slight growth, particularly in Russia, where demand surged. However, exports to the U.S. and EU markets continued to fall sharply. From January to June, exports to emerging markets (including BRICs and 11 other countries) reached 3.31 million units valued at $57.528 million—an increase of 10.6% and 7.4% year-on-year. Russia alone accounted for 839,000 units worth $20.33 million, up 32.8% and 15.9% respectively. In contrast, exports to the U.S. and EU dropped by over 10%.
In terms of product categories, all types of electric tools experienced declines, with high-priced items seeing the steepest drops, which contributed to the overall drop in average unit prices. Among the top five exported products—electric drills, angle grinders, miter saws, electric planers, and electric chain saws—the most significant decline was in electric chain saws. Exports fell by 82.2% in quantity and 77.9% in value. Similarly, station saws saw a 14.4% drop in units and a 22.8% decline in value.
Despite an increase in the number of exporting companies, large-scale enterprises have not performed well. A total of 72 electric tool companies exported during the first half of the year, 17 more than the same period last year. However, many of the new exporters are small businesses, with 14 of them reporting less than $500,000 in exports. Meanwhile, the number of companies exporting over $10 million remained the same as last year, but their total exports fell by 22.1%. Enterprises exporting between $5 million and $10 million also saw a 1.5% year-on-year decline in total exports.
Overall, while some markets show signs of recovery, the electric tool industry in Yongkang continues to face headwinds, requiring strategic adjustments to improve competitiveness in a challenging global environment.
Guangdong Kinen Sanitary Ware Industrial Co.,Ltd. , https://www.kinengroup.com