Netherlands: Hand Tools Market 2024

Hand Tools Market Size in the Netherlands

The Dutch hand tools market soared to $X in 2021, growing by 48% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hand Tools Production in the Netherlands

In value terms, hand tools production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw a remarkable increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 89%. Hand tools production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Hand Tools Exports

Exports from the Netherlands

For the sixth consecutive year, the Netherlands recorded growth in overseas shipments of hand tools, which increased by 9.2% to X tons in 2021. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 28%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, hand tools exports skyrocketed to $X in 2021. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 32%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for hand tools exports from the Netherlands, accounting for a 37% share of total exports. Moreover, hand tools exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.9% per year) and Belgium (+6.2% per year).

In value terms, Germany ($X) remains the key foreign market for hand tools exports from the Netherlands, comprising 26% of total exports. The second position in the ranking was held by Belgium ($X), with a 12% share of total exports. It was followed by France, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+7.6% per year) and France (+7.4% per year).

Export Prices by Country

The average hand tools export price stood at $X per ton in 2021, with an increase of 9.1% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into the Netherlands

Hand tools imports into the Netherlands totaled X tons in 2021, picking up by 14% compared with the previous year's figure. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, hand tools imports soared to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.0% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest hand tools supplier to the Netherlands, accounting for a 49% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.0% per year) and Taiwan (Chinese) (+6.5% per year).

In value terms, Germany ($X), China ($X) and Taiwan (Chinese) ($X) were the largest hand tools suppliers to the Netherlands, together accounting for 57% of total imports. Belgium, Spain, Sweden, Poland, the United States, France, the UK and India lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Spain, with a CAGR of +52.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average hand tools import price amounted to $X per ton, picking up by 14% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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