United Kingdom - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNovember 2023 Sees a 17% Decline in UK's Power Tool Imports, Reaching $57M.
United Kingdom Power Tool Imports
For the third consecutive month, the UK recorded decline in supplies from abroad of power tools, which decreased by -18.6% to 765K units in November 2023. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when imports increased by 30% against the previous month. Over the period under review, imports hit record highs at 1.1M units in June 2023; however, from July 2023 to November 2023, imports stood at a somewhat lower figure.
In value terms, power tool imports fell rapidly to $57M (IndexBox estimates) in November 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 with an increase of 9.8% m-o-m. Over the period under review, imports attained the maximum at 77M units in June 2023; however, from July 2023 to November 2023, imports remained at a lower figure.
| COUNTRY | Import Value of Power Tool in United Kingdom (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| China | 36.0 | 31.4 | 41.1 | 40.6 | 39.7 | 42.1 | 45.3 | 47.2 | 44.9 | 47.2 | 34.9 | 39.2 | 24.8 |
| Romania | 2.3 | 2.2 | 1.1 | 2.1 | 2.9 | 6.6 | 3.3 | 5.4 | 4.8 | 7.1 | 5.4 | 5.9 | 6.8 |
| Czech Republic | 3.0 | 3.7 | 3.3 | 4.1 | 2.7 | 2.8 | 5.9 | 5.6 | 6.8 | 3.4 | 7.3 | 6.5 | 5.4 |
| Germany | 3.6 | 2.4 | 2.5 | 3.0 | 4.3 | 3.0 | 3.9 | 3.6 | 4.4 | 3.2 | 3.7 | 3.2 | 3.9 |
| Mexico | 0.2 | 1.1 | 1.3 | 1.4 | 1.2 | 1.2 | 1.4 | 1.5 | 1.2 | 1.5 | 2.2 | 1.1 | 2.4 |
| Hungary | 3.4 | 4.6 | 0.7 | 2.0 | 2.1 | 1.5 | 2.2 | 3.6 | 2.8 | 2.4 | 2.2 | 2.6 | 2.4 |
| Others | 6.6 | 6.8 | 7.1 | 9.6 | 10.1 | 9.4 | 10.7 | 10.1 | 8.6 | 7.9 | 8.4 | 10.5 | 11.4 |
| Total | 55.1 | 52.1 | 57.2 | 62.7 | 63.0 | 66.5 | 72.6 | 76.9 | 73.5 | 72.6 | 64.0 | 68.9 | 57.1 |
Imports by Country
In November 2023, China (483K units) constituted the largest power tool supplier to the UK, with a 63% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Romania (64K units), eightfold. Hungary (53K units) ranked third in terms of total imports with a 6.9% share.
From November 2022 to November 2023, the average monthly growth rate of volume from China amounted to -1.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Romania (+6.3% per month) and Hungary (+3.2% per month).
In value terms, China ($25M) constituted the largest supplier of power tool to the UK, comprising 43% of total imports. The second position in the ranking was taken by Romania ($6.8M), with a 12% share of total imports. It was followed by the Czech Republic, with a 9.5% share.
From November 2022 to November 2023, the average monthly growth rate of value from China stood at -3.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Romania (+9.3% per month) and the Czech Republic (+5.2% per month).
Imports by Type
In November 2023, in-hand motor grinders, sanders and planers (484K units) constituted the largest type of power tool supplied to the UK, accounting for a 63% share of total imports. Moreover, in-hand motor grinders, sanders and planers exceeded the figures recorded for the second-largest type, saws for working in the hand, with self-contained electric motor (149K units), threefold.
From November 2022 to November 2023, the average monthly rate of growth in terms of the volume of import of in-hand motor grinders, sanders and planers was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: saws for working in the hand, with self-contained electric motor (+0.1% per month) and drills of all kinds for working in the hand, with self-contained electric motor (-1.7% per month).
In value terms, in-hand motor grinders, sanders and planers ($34M) constituted the largest type of power tool supplied to the UK, comprising 60% of total imports. The second position in the ranking was held by drills of all kinds for working in the hand, with self-contained electric motor ($12M), with a 21% share of total imports.
Import Prices by Country
In November 2023, the power tool price stood at $74.7 per unit (CIF, United Kingdom), growing by 1.9% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 24% month-to-month. As a result, import price attained the peak level of $82,967 per thousand units. From August 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($275 per unit), while the price for Hungary ($45.9 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the power tool market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
- Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
- Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
- Prodcom 28241123 - Electromechanical chainsaws
- Prodcom 28241125 - Electromechanical circular saws
- Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
- Prodcom 28241133 -
- Prodcom 28241135 -
- Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
- Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
- Prodcom 28241190 -
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
