France: Market for Hand-Operated Drilling, Threading or Tapping Tools 2024

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

In 2022, the French market for hand-operated drilling, threading or tapping tools decreased by -33.2% to $X, falling for the fourth year in a row after five years of growth. In general, consumption, however, recorded resilient growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of hand-operated drilling, threading or tapping tools reduced to $X in 2022 estimated in export price. Overall, production recorded a perceptible reduction. The growth pace was the most rapid in 2013 with an increase of 15% against the previous year. Production of peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from France

In 2022, overseas shipments of hand-operated drilling, threading or tapping tools increased by 18% to X tons, rising for the second year in a row after three years of decline. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +113.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 81% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of hand-operated drilling, threading or tapping tools contracted remarkably to $X in 2022. Overall, exports posted a measured increase. The pace of growth appeared the most rapid in 2021 with an increase of 124%. Over the period under review, the exports of attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of hand-operated drilling, threading or tapping tools from France, accounting for a 57% share of total exports. Moreover, exports of hand-operated drilling, threading or tapping tools to Germany exceeded the volume sent to the second major destination, Italy (X tons), fivefold. Belgium (X tons) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+14.5% per year) and Belgium (+2.9% per year).

In value terms, Germany ($X) remains the key foreign market for hand-operated drilling, threading or tapping tools exports from France, comprising 25% of total exports. The second position in the ranking was held by Spain ($X), with a 12% share of total exports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+10.5% per year) and Italy (+20.7% per year).

Export Prices by Country

The average export price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, with a decrease of -41.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25% against the previous year. The export price peaked at $X per ton in 2021, and then fell markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into France

In 2022, supplies from abroad of hand-operated drilling, threading or tapping tools decreased by -34.2% to X tons, falling for the fourth consecutive year after four years of growth. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 154% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools dropped sharply to $X in 2022. In general, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by 134% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and Poland (X tons) were the main suppliers of imports of hand-operated drilling, threading or tapping tools to France, with a combined 65% share of total imports. Spain, the Netherlands, Italy, Romania, Luxembourg, Belgium, the Czech Republic and the UK lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +118.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hand-operated drilling, threading or tapping tool suppliers to France were Germany ($X), Poland ($X) and China ($X), with a combined 47% share of total imports. Spain, Luxembourg, Romania, Italy, Belgium, the Czech Republic, the Netherlands and the UK lagged somewhat behind, together accounting for a further 39%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +131.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, with an increase of 10% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Germany ($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 UK (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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