Europe: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in Europe

In 2022, the Europe gouges and chisels market decreased by -15.4% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption continues to indicate a perceptible downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Gouges And Chisels Production in Europe

In value terms, gouges and chisels production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gouges And Chisels Exports

Exports in Europe

In 2022, approx. X tons of planes, chisels and gouges for working wood were exported in Europe; waning by -17.9% compared with 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, gouges and chisels exports fell to $X in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 23%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, the UK (X tons) and Belgium (X tons) were the key exporters of planes, chisels and gouges for working wood in Europe, together creating 39% of total exports. The Czech Republic (X tons) held the next position in the ranking, followed by Germany (X tons), Poland (X tons), Ukraine (X tons) and the Netherlands (X tons). All these countries together held approx. 41% share of total exports. France (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Ukraine (with a CAGR of +79.2%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 51% share of total exports. Belgium, Poland, the Netherlands, Ukraine and France lagged somewhat behind, together accounting for a further 25%.

In terms of the main exporting countries, Ukraine, with a CAGR of +83.2%, recorded the highest rates of growth with regard to the value of exports, 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 Europe stood at $X per ton in 2022, surging by 4.9% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gouges and chisels export price increased by +55.1% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 27%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.4%), while the other leaders experienced more modest paces of growth.

Gouges And Chisels Imports

Imports in Europe

In 2022, after two years of growth, there was significant decline in purchases abroad of planes, chisels and gouges for working wood, when their volume decreased by -20% to X tons. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 34%. As a result, imports reached the peak of X tons, and then contracted notably in the following year.

In value terms, gouges and chisels imports declined sharply to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +34.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2022, the UK (X tons), distantly followed by Belgium (X tons), Germany (X tons), France (X tons), Russia (X tons), the Netherlands (X tons) and Poland (X tons) represented the largest importers of planes, chisels and gouges for working wood, together constituting 73% of total imports. Italy (X tons), Spain (X tons), Ireland (X tons), Sweden (X tons), Romania (X tons) and Austria (X tons) held a minor share of total imports.

Imports into the UK increased at an average annual rate of +2.5% from 2012 to 2022. At the same time, Ireland (+8.5%), Romania (+8.0%), Germany (+5.6%), Poland (+5.5%), Austria (+5.3%), Italy (+4.7%), France (+3.2%) and Spain (+1.5%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in Europe, with a CAGR of +8.5% from 2012-2022. Sweden and Belgium experienced a relatively flat trend pattern. By contrast, the Netherlands (-1.0%) and Russia (-6.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, the UK, Poland and France increased by +3.3, +2.8, +2.2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gouges and chisels importing markets in Europe were Germany ($X), the UK ($X) and France ($X), with a combined 45% share of total imports. The Netherlands, Belgium, Poland, Russia, Italy, Austria, Spain, Sweden, Ireland and Romania lagged somewhat behind, together comprising a further 40%.

Ireland, with a CAGR of +11.2%, saw the highest growth rate of 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

The import price in Europe stood at $X per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2013 when the import price increased by 14% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was attained by France (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform