France: Power Tool Market 2024

Power Tool Market Size in France

The French power tool market skyrocketed to $X in 2021, rising by 23% against the previous year. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +94.8% against 2015 indices. Power tool consumption peaked in 2021 and is expected to retain growth in years to come.

Power Tool Production in France

In value terms, power tool production skyrocketed to $X in 2021 estimated in export price. In general, production, however, faced a sharp downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 58,823%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Power Tool Exports

Exports from France

After three years of decline, shipments abroad of power tools increased by 40% to X units in 2021. In general, exports, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2016 with an increase of 139%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, power tool exports soared to $X in 2021. Overall, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for power tool exports from France, with a 31% share of total exports. Moreover, power tool exports to Germany exceeded the volume sent to the second major destination, Spain (X units), threefold. Italy (X units) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+3.2% per year) and Italy (+10.0% per year).

In value terms, Germany ($X) remains the key foreign market for power tools exports from France, comprising 28% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Italy, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+30.9% per year) and Italy (+13.0% per year).

Export Prices by Country

In 2021, the average power tool export price amounted to $X per unit, dropping by -5% against the previous year. Overall, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 210% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into France

In 2021, approx. X units of power tools were imported into France; jumping by 20% on 2020. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, power tool imports soared to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.0% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Belgium (X units) were the main suppliers of power tool imports to France, with a combined 68% share of total imports. These countries were followed by the Netherlands, Spain, Austria, Malaysia and Hungary, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +72.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of power tools to France, comprising 37% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Austria, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.7% per year) and Austria (+19.2% per year).

Import Prices by Country

The average power tool import price stood at $X per unit in 2021, surging by 13% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 16%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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