What are you talking about today? It is estimated that some friends have guessed by looking at the title, yes, it is about hand tools again, but today it is mainly about the development market of hand tools, and it can be regarded as receiving the content of the previous issue. Every moment that happened in the past has been condensed into history. The same is true for hand tools. It also has its own origin and development history. Because of its uniqueness, here is only an overview of the market level that everyone is most concerned about.
When it comes to the hand tool market, I have to talk about foreign markets, mainly the United States, the European Union, and the countries along the Belt and Road. Let me start with the United States. As a country on wheels, the United States has always been the main exporter of my country’s hand tool trade. After all, the market demand is really broad, especially since it has many famous building materials markets and hardware supermarkets. Strong, accustomed to using tools to repair, so this audience is even larger. But I have to say that because of the huge export volume, hardware tools are also one of the categories that are easily affected in the trade war. The export impact of the opponent's tools still has great ups and downs.
Besides, the EU market is dominated by France and Germany, and the demand for hand tools is also relatively high-end. Data shows that the EU is a key export market for my country’s hand tools, and the export prices are relatively stable. Of course, there are also additional levies imposed by the United States on the EU market. The reason for tariffs has promoted the economic and trade exchanges between China and EU countries in hand tools. Next are the countries along the Belt and Road. At present, Indonesia and Russia are the mainstays. However, according to the statistical analysis of foreign trade data, it can be concluded that due to the large number of countries along the Belt and Road, the population base is large, and most of them are developing countries. The hand tool trade that the market just needs is very beneficial, and it is believed that the market can continue to expand in the future.