EU: Household Hand Tools Market 2024

Household Hand Tools Market Size in the EU

The EU household hand tools market expanded significantly to $X in 2021, increasing by 13% against the previous year. Over the period under review, consumption saw measured growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Household Hand Tools Production in the EU

In value terms, household hand tools production contracted to $X in 2021 estimated in export price. Overall, production, however, recorded modest growth. The growth pace was the most rapid in 2018 with an increase of 405% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Household Hand Tools Exports

Exports in the EU

In 2021, the amount of household hand tools exported in the European Union surged to X tons, increasing by 16% on 2020 figures. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.7% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, household hand tools exports soared to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +110.7% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons) and Germany (X tons) were the major exporters of household hand tools in the European Union, together resulting at approx. 46% of total exports. Belgium (X tons) ranks next in terms of the total exports with an 8.5% share, followed by Italy (7.5%), Spain (6.7%), Poland (6.2%) and France (6%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +22.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest household hand tools supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Poland ($X), together accounting for 56% of total exports.

Poland, with a CAGR of +40.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, surging by 4.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 when the export price increased by 6.1% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Belgium ($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 (+14.8%), while the other leaders experienced more modest paces of growth.

Household Hand Tools Imports

Imports in the EU

Household hand tools imports surged to X tons in 2021, jumping by 23% compared with 2020. The total import volume increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, household hand tools imports soared to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +41.4% against 2018 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), distantly followed by Spain (X tons), France (X tons), the Netherlands (X tons), Denmark (X tons), Belgium (X tons), Poland (X tons) and Italy (X tons) were the main importers of household hand tools, together mixing up 76% of total imports. Greece (X tons), Sweden (X tons), Austria (X tons), the Czech Republic (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +20.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported household hand tools in the European Union, comprising 25% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by Poland, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +5.3%. In the other countries, the average annual rates were as follows: France (+3.2% per year) and Poland (+21.6% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, picking up by 2.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2016 an increase of 9.9%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Greece ($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 (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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