France: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in France

The French market for pneumatic or hydraulic hand tools skyrocketed to $X in 2021, increasing by 24% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Pneumatic Or Hydraulic Hand Tools in France

In value terms, pneumatic or hydraulic hand tool production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 35%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from France

In 2021, after five years of decline, there was significant growth in shipments abroad of pneumatic or hydraulic hand tools, when their volume increased by 24% to X tons. Over the period under review, exports, however, continue to indicate a perceptible decline. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports soared to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 27% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from France, together accounting for 37% of total exports. The Netherlands, Italy, Spain, the United States, Denmark, Poland, Australia, New Caledonia, Algeria and Cameroon lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +26.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and Germany ($X) constituted the largest markets for pneumatic or hydraulic hand tool exported from France worldwide, together comprising 35% of total exports. These countries were followed by Belgium, the United States, Italy, Spain, Denmark, Poland, Algeria, Australia, New Caledonia and Cameroon, which together accounted for a further 38%.

Among the main countries of destination, the United States, with a CAGR of +18.3%, 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

In 2021, the average export price for pneumatic or hydraulic hand tools amounted to $X per ton, waning by -5.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2014 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cameroon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into France

In 2021, supplies from abroad of pneumatic or hydraulic hand tools was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat 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.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to France, with a combined 68% share of total imports.

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 +45.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to France, comprising 37% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.0% per year) and the United States (+0.2% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, approximately equating the previous year. In general, the import price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2016 an increase of 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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