Europe: Wood Tool Market 2024

Wood Tool Market Size in Europe

The Europe wood tool market amounted to $X in 2021, with an increase of 9.8% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.5% against 2015 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Wood Tool Production in Europe

In value terms, wood tool production soared to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +77.1% against 2015 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Wood Tool Exports

Exports in Europe

Wood tool exports expanded remarkably to X tons in 2021, surging by 15% against the year before. The total export volume increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 19%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, wood tool exports soared to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 +72.4% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Ukraine (X tons), the Netherlands (X tons), Portugal (X tons) and Slovakia (X tons) represented roughly 60% of total exports in 2021. It was distantly followed by Russia (X tons) and Poland (X tons), together comprising an 11% share of total exports. The following exporters - Germany (X tons), Belgium (X tons), the Czech Republic (X tons), Romania (X tons), Spain (X tons) and Sweden (X tons) - together made up 16% 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 the Netherlands (with a CAGR of +50.5%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest wood tool supplier in Europe, comprising 22% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.7% share of total exports. It was followed by Slovakia, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Italy totaled +10.7%. In the other countries, the average annual rates were as follows: Germany (+1.9% per year) and Slovakia (+6.1% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, with an increase of 6.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 7.3% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

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 ($X per ton), while Russia ($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 (+9.6%), while the other leaders experienced more modest paces of growth.

Wood Tool Imports

Imports in Europe

For the tenth year in a row, Europe recorded growth in supplies from abroad of tools of wood, which increased by 3.3% to X tons in 2021. The total import 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. The pace of growth appeared the most rapid in 2014 with an increase of 15% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, wood tool imports soared to $X in 2021. The total import value increased at an average annual rate of +3.9% 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.

Imports by Country

France (X tons) and Germany (X tons) represented the largest importers of tools of wood in 2021, recording near 31% and 21% of total imports, respectively. It was distantly followed by the Netherlands (X tons) and the UK (X tons), together constituting an 11% share of total imports. Belgium (X tons), Poland (X tons), Austria (X tons), the Czech Republic (X tons), Italy (X tons), Romania (X tons), Portugal (X tons) and Sweden (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 key importing countries, was attained by France (with a CAGR of +13.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood tool importing markets in Europe were Germany ($X), France ($X) and the Netherlands ($X), with a combined 50% share of total imports. The UK, Austria, Belgium, Poland, the Czech Republic, Italy, Sweden, Portugal and Romania lagged somewhat behind, together comprising a further 30%.

Poland, with a CAGR of +10.5%, 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 Europe amounted to $X per ton, increasing by 15% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 Sweden ($X per ton), while Romania ($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 Netherlands (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform