Belgium: Household Hand Tools Market 2024

Household Hand Tools Market Size in Belgium

For the third consecutive year, the Belgian household hand tools market recorded growth in sales value, which increased by 12% to $X in 2021. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +83.1% against 2016 indices. Household hand tools consumption peaked in 2021 and is likely to see gradual growth in the near future.

Household Hand Tools Production in Belgium

In value terms, household hand tools production contracted rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw tangible growth. The most prominent rate of growth was recorded in 2013 with an increase of 53%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Household Hand Tools Exports

Exports from Belgium

In 2021, shipments abroad of household hand tools increased by 26% to X tons, rising for the sixth consecutive year after two years of decline. Overall, exports saw a moderate expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 163% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, household hand tools exports expanded rapidly to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 153% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of household hand tools exports from Belgium, with a combined 69% share of total exports. These countries were followed by Italy, Poland, Portugal, Hungary, Spain and Russia, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +30.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the largest markets for household hand tools exported from Belgium worldwide, with a combined 57% share of total exports. These countries were followed by Poland, Italy, Portugal, Hungary, Spain and Russia, which together accounted for a further 23%.

Among the main countries of destination, Portugal, with a CAGR of +24.8%, recorded the highest rates of growth with regard to the value of exports, 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 household hand tools export price amounted to $X per ton, shrinking by -14.1% against the previous year. Overall, the export price saw a noticeable decrease. The growth pace was the most rapid in 2018 an increase of 25%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 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 Hungary ($X per ton), while the average price for exports to the Netherlands ($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 Spain (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Household Hand Tools Imports

Imports into Belgium

In 2021, purchases abroad of household hand tools increased by 24% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 +97.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, household hand tools imports surged to $X in 2021. Over the period under review, imports posted a noticeable expansion. The pace of growth was the most pronounced in 2020 with an increase of 59% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of household hand tools imports to Belgium, together comprising 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +18.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest household hand tools suppliers to Belgium were China ($X), the Netherlands ($X) and Germany ($X), together comprising 79% of total imports.

The Netherlands, with a CAGR of +15.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average household hand tools import price stood at $X per ton in 2021, picking up by 9.8% against the previous year. In general, the import price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 28%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and France ($X per ton), while the price for the Netherlands ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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