Netherlands: Interchangeable Tool Market 2024

Interchangeable Tool Market Size in the Netherlands

In 2021, the Dutch interchangeable tool market increased by 88% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Interchangeable Tool Production in the Netherlands

In value terms, interchangeable tool production surged to $X in 2021 estimated in export price. Overall, production posted significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Interchangeable Tool Exports

Exports from the Netherlands

In 2021, overseas shipments of interchangeable tools for hand tools increased by 32% to X tons, rising for the sixth year in a row after two years of decline. In general, exports saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 41% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, interchangeable tool exports rose sharply to $X in 2021. Over the period under review, exports posted a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 79% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for interchangeable tool exports from the Netherlands, accounting for a 37% share of total exports. Moreover, interchangeable tool exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+17.9% per year) and Belgium (+6.2% per year).

In value terms, the largest markets for interchangeable tool exported from the Netherlands were Germany ($X), the United States ($X) and Belgium ($X), with a combined 42% share of total exports. These countries were followed by France, Italy, Sweden, the UK, Poland, Spain, Austria, Finland and the Czech Republic, which together accounted for a further 30%.

The Czech Republic, with a CAGR of +7.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average interchangeable tool export price amounted to $X per ton, which is down by -17.9% against the previous year. In general, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 the United States (+5.1%), while the prices for the other major destinations experienced a decline.

Interchangeable Tool Imports

Imports into the Netherlands

In 2021, the amount of interchangeable tools for hand tools imported into the Netherlands soared to X tons, growing by 28% on the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 507% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, interchangeable tool imports surged to $X in 2021. Over the period under review, imports saw a noticeable increase. The growth pace was the most rapid in 2020 when imports increased by 58% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of interchangeable tool imports to the Netherlands, with a combined 72% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +11.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of interchangeable tools for hand tools to the Netherlands, comprising 39% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Italy, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.5% per year) and Italy (+2.2% per year).

Import Prices by Country

The average interchangeable tool import price stood at $X per ton in 2021, which is down by -1.8% against the previous year. Overall, the import price, however, posted a temperate expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 1,045%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :