Germany: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Germany

The German market for pneumatic or hydraulic hand tools surged to $X in 2021, jumping by 28% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +43.1% against 2018 indices. 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 Germany

In value terms, pneumatic or hydraulic hand tool production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Germany

In 2021, overseas shipments of pneumatic or hydraulic hand tools were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2018 with an increase of 10%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports skyrocketed to $X in 2021. In general, exports, however, recorded a perceptible shrinkage. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), the United States (X tons) and Poland (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Germany, together accounting for 39% of total exports. The Netherlands, Austria, the UK, Italy, Spain, Belgium, the Czech Republic, Switzerland, China and Russia lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, 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 +13.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Germany were the United States ($X), France ($X) and the UK ($X), together accounting for 39% of total exports. These countries were followed by Poland, Spain, Belgium, China, Italy, Austria, the Netherlands, Switzerland, the Czech Republic and Russia, which together accounted for a further 36%.

Spain, with a CAGR of +8.2%, saw the highest growth rate of the value of exports, among the main countries of destination 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, picking up by 11% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($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 the United States (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Germany

In 2021, after three years of decline, there was significant growth in supplies from abroad of pneumatic or hydraulic hand tools, when their volume increased by 9.6% to X tons. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 18% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

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 +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Germany, with a 56% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fivefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+8.4% per year) and Taiwan (Chinese) (+1.1% per year).

In value terms, the largest pneumatic or hydraulic hand tool suppliers to Germany were China ($X), Sweden ($X) and Taiwan (Chinese) ($X), together comprising 58% of total imports. The United States, Belgium, the Netherlands, Japan, Italy and Poland lagged somewhat behind, together comprising a further 30%.

Poland, with a CAGR of +42.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 pneumatic or hydraulic hand tools stood at $X per ton in 2021, growing by 7.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 7.8%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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