Denmark: Hand Tools Market 2025

Hand Tools Market Size in Denmark

In 2021, the Danish hand tools market increased by 8.6% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +6.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Hand tools consumption peaked in 2021 and is likely to continue growth in the immediate term.

Hand Tools Production in Denmark

In value terms, hand tools production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced decrease. The growth pace was the most rapid in 2013 with an increase of 21% against the previous year. Hand tools production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Hand Tools Exports

Exports from Denmark

In 2021, shipments abroad of hand tools increased by 18% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a slight reduction. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, hand tools exports surged to $X in 2021. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of hand tools exports from Denmark, with a combined 52% share of total exports. These countries were followed by the United States, Norway, Greenland, Belgium, Poland, Faroe Islands, Finland, Australia and the Netherlands, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +20.9%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for hand tools exported from Denmark worldwide, with a combined 46% share of total exports. These countries were followed by Norway, Belgium, the United States, Greenland, Finland, Poland, the Netherlands, Faroe Islands and Australia, which together accounted for a further 37%.

Among the main countries of destination, Belgium, with a CAGR of +19.2%, recorded the highest growth rate of 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 hand tools export price amounted to $X per ton, rising by 9.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Greenland ($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 (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Denmark

In 2021, supplies from abroad of hand tools increased by 2% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 12%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, hand tools imports surged to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of hand tools imports to Denmark, together comprising 62% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +20.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hand tools suppliers to Denmark were Germany ($X), Sweden ($X) and the Netherlands ($X), together comprising 63% of total imports.

The Netherlands, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, increasing by 15% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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