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

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

The Europe market for hand-operated drilling, threading or tapping tools dropped dramatically to $X in 2022, waning by -41.3% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

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

In value terms, production of hand-operated drilling, threading or tapping tools shrank significantly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by 253% against the previous year. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports in Europe

In 2022, shipments abroad of hand-operated drilling, threading or tapping tools decreased by -4.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year. Over the period under review, the exports of hit record highs 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 slightly to $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 22%. As a result, the exports attained the peak of $X, and then fell slightly in the following year.

Exports by Country

The Netherlands was the main exporter of hand-operated drilling, threading or tapping tools in Europe, with the volume of exports accounting for X tons, which was approx. 30% of total exports in 2022. Germany (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Spain (8.6%), France (7.3%) and the UK (4.9%). Poland (X tons), Belgium (X tons), Sweden (X tons), Luxembourg (X tons), Greece (X tons), Estonia (X tons), Denmark (X tons) and Italy (X tons) took a little share 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%) and France (+5.6%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Europe, 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%), the UK (-4.4%), Sweden (-11.9%) and Italy (-22.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, France, Poland, Luxembourg, Greece and Estonia increased by +27, +3, +2.9, +2.8, +2.4 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest hand-operated drilling, threading or tapping tool supplier in Europe, comprising 30% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by Spain, with a 10% share.

In the Netherlands, exports of hand-operated drilling, threading or tapping tools expanded at an average annual rate of +29.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-3.4% per year) and Spain (+7.4% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2017 an increase of 22%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while Greece ($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 Europe

In 2022, overseas purchases of hand-operated drilling, threading or tapping tools decreased by -6.4% to X tons, falling for the second consecutive year after five years of growth. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 20% against the previous year. Over the period under review, imports of hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools amounted to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +6.0% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 24%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons), distantly followed by the UK (X tons), France (X tons) and Germany (X tons) represented the major importers of hand-operated drilling, threading or tapping tools, together comprising 63% of total imports. Russia (X tons), Romania (X tons), Poland (X tons), Belgium (X tons), Latvia (X tons), Denmark (X tons), Spain (X tons), the Czech Republic (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +24.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported hand-operated drilling, threading or tapping tools in Europe, comprising 43% of total imports. The second position in the ranking was held by France ($X), with a 9.5% share of total imports. It was followed by the UK, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to +14.4%. In the other countries, the average annual rates were as follows: France (+14.6% per year) and the UK (+0.9% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, with an increase of 7.7% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: 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