2021 has been a tough year to the hand tools market, lack of raw materials, insufficient containers, and fluctuation of pricing have caused lots of obstacles to all the suppliers. However, we finally made it to the last quarter but then find out the PPI of China has reached to the highest 10.7% in the history, which lead to the “Power Outage” regulations to China at present.
Since the price for everything is raising at this point, it’s possibly for the hand tools’ supplier to raise the price in the near future. Otherwise, they might end up with overwhelming orders but without receiving equal reward.