EU: Hand Tools Market 2024

Hand Tools Market Size in the EU

After two years of decline, the EU hand tools market increased by 30% to $X in 2021. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hand Tools Production in the EU

In value terms, hand tools production surged to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Hand Tools Exports

Exports in the EU

Hand tools exports skyrocketed to X tons in 2021, growing by 16% on the year before. The total export volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand tools exports surged to $X in 2021. The total export value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) and the Netherlands (X tons) represented roughly 40% of total exports in 2021. It was distantly followed by Belgium (X tons), Poland (X tons), Italy (X tons), Spain (X tons) and France (X tons), together committing a 39% share of total exports. The following exporters - Austria (X tons), Sweden (X tons) and the Czech Republic (X tons) - each reached an 11% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of +10.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest hand tools supplier in the European Union, comprising 36% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports. It was followed by Italy, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +4.0%. In the other countries, the average annual rates were as follows: the Netherlands (+8.2% per year) and Italy (+2.5% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, with an increase of 5.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Belgium ($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 (+7.4%), while the other leaders experienced more modest paces of growth.

Hand Tools Imports

Imports in the EU

For the sixth year in a row, the European Union recorded growth in purchases abroad of hand tools, which increased by 20% to X tons in 2021. The total import volume increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand tools imports soared to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.2% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), followed by the Netherlands (X tons), France (X tons), Poland (X tons), Belgium (X tons), Spain (X tons) and Italy (X tons) were the major importers of hand tools, together comprising 73% of total imports. The following importers - Austria (X tons), Romania (X tons), Sweden (X tons), the Czech Republic (X tons), Hungary (X tons) and Denmark (X tons) - together made up 15% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of +9.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hand tools importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), with a combined 47% share of total imports. These countries were followed by Poland, Belgium, Italy, Spain, Austria, Sweden, the Czech Republic, Romania, Denmark and Hungary, which together accounted for a further 43%.

In terms of the main importing countries, Poland, with a CAGR of +13.0%, 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

In 2021, the import price in the European Union amounted to $X per ton, with an increase of 6.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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