France: Metal Hammer Market 2024

Metal Hammer Market Size in France

After two years of growth, the French metal hammer market decreased by -10.3% to $X in 2022. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.6% against 2019 indices. Metal hammer consumption peaked at $X in 2021, and then contracted in the following year.

Metal Hammer Production in France

In value terms, metal hammer production fell notably to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 67%. Over the period under review, production hit record highs at $X in 2021, and then reduced sharply in the following year.

Metal Hammer Exports

Exports from France

In 2022, exports of hammers and sledge hammers with working part of metal from France reduced modestly to X tons, waning by -3.5% compared with the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 27%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal hammer exports contracted slightly to $X in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $X, and then fell slightly in the following year.

Exports by Country

Germany (X tons) was the main destination for metal hammer exports from France, with a 34% share of total exports. Moreover, metal hammer exports to Germany exceeded the volume sent to the second major destination, Morocco (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+30.1% per year) and Spain (-2.1% per year).

In value terms, Germany ($X) remains the key foreign market for hammers and sledge hammers with working part of metal exports from France, comprising 32% of total exports. The second position in the ranking was held by Morocco ($X), with a 6.9% share of total exports. It was followed by Belgium, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+25.6% per year) and Belgium (+5.5% per year).

Export Prices by Country

In 2022, the average metal hammer export price amounted to $X per ton, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Portugal ($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 the UK (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Hammer Imports

Imports into France

After three years of growth, supplies from abroad of hammers and sledge hammers with working part of metal decreased by -10.4% to X tons in 2022. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 24% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped in the following year.

In value terms, metal hammer imports reduced to $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +19.1% against 2017 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest metal hammer supplier to France, with a 51% share of total imports. Moreover, metal hammer imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+42.9% per year) and Germany (+11.3% per year).

In value terms, the largest metal hammer suppliers to France were China ($X), Belgium ($X) and Germany ($X), with a combined 66% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +44.7%, saw the highest rates of growth with regard to 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 metal hammer import price stood at $X per ton in 2022, which is down by -3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2016 an increase of 14%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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