Germany: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Germany

After three years of decline, the German non-electric motor handtools market increased by 64% to $X in 2022. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Electric Motor Handtools Production in Germany

In value terms, non-electric motor handtools production rose sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +59.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by 43%. Non-electric motor handtools production peaked in 2022 and is likely to see gradual growth in the near future.

Non-Electric Motor Handtools Exports

Exports from Germany

In 2022, after three years of growth, there was significant decline in overseas shipments of handtools, hydraulic or with a self-contained non-electric motor, when their volume decreased by -24.7% to X units. The total export volume increased at an average annual rate of +1.1% 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 2021 when exports increased by 32%. As a result, the exports attained the peak of X units, and then contracted notably in the following year.

In value terms, non-electric motor handtools exports declined to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 22%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

The United States (X units), France (X units) and the UK (X units) were the main destinations of non-electric motor handtools exports from Germany, together comprising 47% of total exports. Belgium, Spain, Poland, Canada, Australia, Italy, China, Austria, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +10.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and the UK ($X) were the largest markets for non-electric motor handtools exported from Germany worldwide, with a combined 47% share of total exports. Belgium, Spain, Poland, Canada, Australia, Italy, China, Austria, the Netherlands and Switzerland lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, the Netherlands, with a CAGR of +12.8%, 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 2022, the average non-electric motor handtools export price amounted to $X per unit, surging by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per unit) and Switzerland ($X per unit), while the average price for exports to Italy ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Germany

In 2022, the amount of handtools, hydraulic or with a self-contained non-electric motor imported into Germany skyrocketed to X units, picking up by 87% compared with 2021. In general, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electric motor handtools imports rose slightly to $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric motor handtools to Germany, with a 42% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Sweden (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.3% per year) and Sweden (+22.6% per year).

In value terms, China ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Germany, comprising 42% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Sweden, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.3% per year) and Sweden (+10.7% per year).

Import Prices by Country

In 2022, the average non-electric motor handtools import price amounted to $X per unit, waning by -44.6% against the previous year. Overall, the import price saw a deep setback. The growth pace was the most rapid in 2019 an increase of 19%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sweden ($X per unit) and Poland ($X per unit), while the price for Switzerland ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-9.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :