Estonia: Hand Tools Market 2020

Hand Tools Market Size in Estonia

The revenue of the hand tools market in Estonia amounted to $X in 2018, reducing by -X% against the previous year. Overall, hand tools consumption continues to indicate a significant decline. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. In that year, the hand tools market attained its peak level of $X. From 2011 to 2018, the growth of the hand tools market remained at a somewhat lower figure.

Hand Tools Production in Estonia

In value terms, hand tools production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, hand tools production attained its maximum level at $X in 2010; however, from 2011 to 2018, production stood at a somewhat lower figure.

Hand Tools Exports

Exports from Estonia

Hand tools exports from Estonia amounted to X tons in 2018, stabilizing at the previous year. Overall, hand tools exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Estonia exports peaked at X tons in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, hand tools exports stood at $X in 2018. In general, the total exports indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hand tools exports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, hand tools exports attained their peak figure at $X in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China was the major exporter of hand tools in the world, with the volume of exports reaching X tons, which was near X% of total exports in 2018. Taiwan, Chinese (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%). The following exporters - India (X tons), the Netherlands (X tons), Italy (X tons), the U.S. (X tons), Mexico (X tons) and Belgium (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Netherlands (+X%), Mexico (+X%), Belgium (+X%) and India (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Germany and Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hand tools supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Taiwan, Chinese, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and Taiwan, Chinese (+X% per year).

Export Prices by Country

The hand tools export price in Estonia stood at $X per ton in 2018, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Estonia export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Hand Tools Imports

Imports into Estonia

Hand tools imports into Estonia amounted to X tons in 2018, shrinking by -X% against the previous year. In general, hand tools imports continue to indicate a pronounced drop. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. In that year, hand tools imports reached their peak of X tons. From 2011 to 2018, the growth of hand tools imports failed to regain its momentum.

In value terms, hand tools imports stood at $X in 2018. In general, hand tools imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. In that year, hand tools imports reached their peak of $X. From 2011 to 2018, the growth of hand tools imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) represented the largest importers of hand tools, together generating X% of total imports. The following importers - Russia (X tons), the UK (X tons), the Netherlands (X tons), France (X tons), Poland (X tons), Mexico (X tons), Indonesia (X tons), Belgium (X tons), Canada (X tons) and India (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to hand tools imports into the U.S. stood at +X%. At the same time, India (+X%), Indonesia (+X%), Mexico (+X%), Russia (+X%), the Netherlands (+X%), Belgium (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany and France experienced a relatively flat trend pattern. By contrast, Canada (-X%) and the UK (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the UK (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported hand tools into Estonia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The hand tools import price in Estonia stood at $X per ton in 2018, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the import price increased by X% year-to-year. Estonia import price peaked in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform