Czech Republic: Household Hand Tools Market 2024

Household Hand Tools Market Size in the Czech Republic

The Czech household hand tools market surged to $X in 2021, jumping by 66% against the previous year. Overall, consumption saw a prominent increase. Household hand tools consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Household Hand Tools Production in the Czech Republic

In value terms, household hand tools production soared to $X in 2021 estimated in export price. In general, production posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 60%. Household hand tools production peaked in 2021 and is expected to retain growth in the immediate term.

Household Hand Tools Exports

Exports from the Czech Republic

Household hand tools exports from the Czech Republic stood at X tons in 2021, picking up by 2.8% compared with the year before. In general, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 24% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, household hand tools exports skyrocketed to $X in 2021. Overall, exports posted a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 62% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons) was the main destination for household hand tools exports from the Czech Republic, with a 38% share of total exports. Moreover, household hand tools exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+1.3% per year) and Italy (-1.8% per year).

In value terms, Germany ($X) remains the key foreign market for household hand tools exports from the Czech Republic, comprising 50% of total exports. The second position in the ranking was held by Slovakia ($X), with a 14% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +36.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+4.0% per year) and Italy (+1.6% per year).

Export Prices by Country

The average household hand tools export price stood at $X per ton in 2021, rising by 25% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Sweden ($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 Austria (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Household Hand Tools Imports

Imports into the Czech Republic

Household hand tools imports into the Czech Republic soared to X tons in 2021, growing by 24% compared with 2020 figures. Over the period under review, imports enjoyed a mild increase. The most prominent rate of growth was recorded in 2016 with an increase of 66%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, household hand tools imports surged to $X in 2021. In general, imports showed a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 110%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Slovakia (X tons) were the main suppliers of household hand tools imports to the Czech Republic, together comprising 80% of total imports. Poland, Italy, Austria and the Netherlands lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +49.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest household hand tools suppliers to the Czech Republic were Germany ($X), China ($X) and Poland ($X), with a combined 79% share of total imports. Slovakia, Italy, the Netherlands and Austria lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Slovakia, with a CAGR of +49.0%, 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 household hand tools import price amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of 86%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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