EU: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in the EU

After three years of decline, the EU market for pneumatic or hydraulic hand tools increased by 20% to $X in 2021. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Pneumatic Or Hydraulic Hand Tools in the EU

In value terms, pneumatic or hydraulic hand tool production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by 16%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports in the EU

In 2021, overseas shipments of pneumatic or hydraulic hand tools were finally on the rise to reach X tons after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports soared to $X in 2021. Overall, exports, however, saw a slight descent. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Germany (X tons), distantly followed by Sweden (X tons), the Netherlands (X tons), Belgium (X tons), Italy (X tons), Poland (X tons) and France (X tons) were the main exporters of pneumatic or hydraulic hand tools, together creating 82% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +25.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic or hydraulic hand tool supplying countries in the European Union were Germany ($X), Sweden ($X) and Belgium ($X), together comprising 61% of total exports. These countries were followed by the Netherlands, Italy, France and Poland, which together accounted for a further 24%.

Poland, with a CAGR of +17.8%, recorded the highest growth rate of the value of exports, among 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, rising by 4.3% against the previous year. In general, the export price, however, showed a mild setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Sweden ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.4%), while the other leaders experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports in the EU

Pneumatic or hydraulic hand tool imports surged to X tons in 2021, with an increase of 23% on the year before. The total import volume increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the eight major importers of pneumatic or hydraulic hand tools, namely France, Germany, Poland, Italy, Spain, the Netherlands, Romania and Belgium, represented more than two-thirds of total import. The Czech Republic (X tons), Austria (X tons), Hungary (X tons), Sweden (X tons) and Greece (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 41% of total imports. Italy, Poland, the Netherlands, Spain, the Czech Republic, Romania, Sweden, Austria, Greece and Hungary lagged somewhat behind, together comprising a further 46%.

Romania, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, picking up by 1.6% against the previous year. In general, the import price, however, showed a noticeable downturn. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Belgium ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+1.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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