Belgium: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Belgium

The Belgian market for pneumatic or hydraulic hand tools totaled $X in 2021, increasing by 2.3% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Belgium

In value terms, pneumatic or hydraulic hand tool production dropped to $X in 2021 estimated in export price. Over the period under review, production saw a deep setback. The pace of growth was the most pronounced in 2016 when the production volume increased by 216% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Belgium

In 2021, shipments abroad of pneumatic or hydraulic hand tools increased by 21% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool exports soared to $X in 2021. Overall, exports, however, saw a deep setback. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Belgium, together comprising 66% of total exports. Italy, Spain, Poland, the UK, Luxembourg, Denmark, Sweden and the United States lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +8.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Belgium were France ($X), Germany ($X) and the Netherlands ($X), with a combined 54% share of total exports. These countries were followed by Italy, Poland, Sweden, Spain, the UK, Denmark, Luxembourg and the United States, which together accounted for a further 26%.

Luxembourg, with a CAGR of +4.4%, saw the highest rates of growth with regard to the value of exports, among 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 export price for pneumatic or hydraulic hand tools amounted to $X per ton, shrinking by -4.2% against the previous year. In general, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 8.4%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 Netherlands (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Belgium

In 2021, purchases abroad of pneumatic or hydraulic hand tools increased by 23% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 35%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Belgium, with a 53% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.1% per year) and Germany (-2.2% per year).

In value terms, the largest pneumatic or hydraulic hand tool suppliers to Belgium were Hungary ($X), Sweden ($X) and Germany ($X), together comprising 63% of total imports.

Among the main suppliers, Hungary, with a CAGR of +9.4%, saw the highest growth rate of 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

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, shrinking by -3.9% against the previous year. Overall, the import price recorded a pronounced setback. The pace of growth appeared the most rapid in 2017 an increase of 26%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 Hungary ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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