EU: Market for Hand-Operated Drilling, Threading or Tapping Tools 2025

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in the EU

The EU market for hand-operated drilling, threading or tapping tools dropped remarkably to $X in 2022, with a decrease of -43.3% against the previous year. In general, consumption, however, posted a measured expansion. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Production of Hand-Operated Drilling, Threading or Tapping Tools in the EU

In value terms, production of hand-operated drilling, threading or tapping tools shrank remarkably to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 288% against the previous year. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports in the EU

After two years of growth, overseas shipments of hand-operated drilling, threading or tapping tools decreased by -2.7% to X tons in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 23%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of hand-operated drilling, threading or tapping tools contracted modestly to $X in 2022. The total export value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

In 2022, the Netherlands (X tons) was the key exporter of hand-operated drilling, threading or tapping tools, generating 33% of total exports. Germany (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Spain (9.4%), France (8%) and Poland (4.8%). The following exporters - Belgium (X tons), Sweden (X tons), Luxembourg (X tons), Greece (X tons), Estonia (X tons), Denmark (X tons), Italy (X tons) and the Czech Republic (X tons) - together made up 23% of total exports.

Exports from the Netherlands increased at an average annual rate of +25.6% from 2012 to 2022. At the same time, Luxembourg (+31.3%), Estonia (+28.6%), Greece (+25.5%), Poland (+11.2%), France (+5.6%) and the Czech Republic (+2.3%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +31.3% from 2012-2022. Spain and Belgium experienced a relatively flat trend pattern. By contrast, Germany (-1.7%), Denmark (-2.3%), Sweden (-11.9%) and Italy (-22.2%) illustrated a downward trend over the same period. The Netherlands (+29 p.p.), France (+3.1 p.p.), Poland (+3.1 p.p.), Luxembourg (+3 p.p.), Greece (+2.6 p.p.) and Estonia (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while Germany, Sweden and Italy saw its share reduced by -3.6%, -11% and -21.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest hand-operated drilling, threading or tapping tool supplier in the European Union, comprising 35% of total exports. The second position in the ranking was taken by Germany ($X), with a 17% share of total exports. It was followed by Spain, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to +29.1%. In the other countries, the average annual rates were as follows: Germany (-3.4% per year) and Spain (+7.4% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, rising by 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2017 when the export price increased by 23% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.5%), while the other leaders experienced more modest paces of growth.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports in the EU

Imports of hand-operated drilling, threading or tapping tools rose to X tons in 2022, with an increase of 2.1% compared with 2021. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.3% against 2013 indices. The most prominent rate of growth was recorded in 2016 with an increase of 22% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of hand-operated drilling, threading or tapping tools expanded to $X in 2022. Overall, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 31% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) was the main importer of hand-operated drilling, threading or tapping tools, making up 37% of total imports. France (X tons) held the second position in the ranking, followed by Germany (X tons). All these countries together took approx. 24% share of total imports. Romania (X tons), Poland (X tons), Belgium (X tons), Latvia (X tons), Denmark (X tons), Spain (X tons), the Czech Republic (X tons), Sweden (X tons), Italy (X tons) and Ireland (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hand-operated drilling, threading or tapping tool imports into the Netherlands stood at +17.3%. At the same time, Latvia (+24.2%), France (+14.1%), Belgium (+7.1%), Denmark (+6.5%), Spain (+5.9%), Germany (+4.2%), Romania (+3.4%), Italy (+2.9%) and Sweden (+2.3%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in the European Union, with a CAGR of +24.2% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. By contrast, Ireland (-4.5%) and Poland (-6.4%) illustrated a downward trend over the same period. The Netherlands (+22 p.p.), France (+6.9 p.p.) and Latvia (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic, Germany, Ireland and Poland saw its share reduced by -2.2%, -2.8%, -4.2% and -9.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported hand-operated drilling, threading or tapping tools in the European Union, comprising 49% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by Germany, with an 8% share.

In the Netherlands, imports of hand-operated drilling, threading or tapping tools increased at an average annual rate of +14.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+14.6% per year) and Germany (+1.7% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2017 an increase of 26%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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