Netherlands: Power Tool Market 2024

Power Tool Market Size in the Netherlands

For the fourth consecutive year, the Dutch power tool market recorded growth in sales value, which increased by 105% to $X in 2021. Over the period under review, consumption posted a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Power Tool Production in the Netherlands

In value terms, power tool production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, saw resilient growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 94%. Over the period under review, production reached the maximum level at $X in 2020, and then reduced in the following year.

Power Tool Exports

Exports from the Netherlands

In 2021, approx. X units of power tools were exported from the Netherlands; increasing by 19% on the previous year's figure. Overall, exports recorded a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by 40% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, power tool exports soared to $X in 2021. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 49% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units) was the main destination for power tool exports from the Netherlands, with a 50% share of total exports. Moreover, power tool exports to Germany exceeded the volume sent to the second major destination, France (X units), twofold. Belgium (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+27.2% per year) and Belgium (+15.7% per year).

In value terms, Germany ($X) remains the key foreign market for power tools exports from the Netherlands, comprising 47% of total exports. The second position in the ranking was held by France ($X), with a 20% share of total exports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+35.6% per year) and Belgium (+24.7% per year).

Export Prices by Country

The average power tool export price stood at $X per unit in 2021, rising by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into the Netherlands

In 2021, imports of power tools into the Netherlands surged to X units, picking up by 46% compared with the previous year. Over the period under review, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, power tool imports surged to $X in 2021. In general, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main power tool supplier to the Netherlands, with a 112% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. Belgium (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.1% per year) and Belgium (+14.1% per year).

In value terms, China ($X) constituted the largest supplier of power tools to the Netherlands, comprising 57% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Belgium, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.5% per year) and Belgium (+11.1% per year).

Import Prices by Country

In 2021, the average power tool import price amounted to $X per unit, picking up by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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