Ireland: Hand Tools Market 2025

Hand Tools Market Size in Ireland

After three years of growth, the Irish hand tools market decreased by -0.7% to $X in 2021. The market value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Hand tools consumption peaked at $X in 2020, and then declined modestly in the following year.

Hand Tools Exports

Exports from Ireland

In 2021, overseas shipments of hand tools were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2016; afterwards, it flattened through to 2021.

In value terms, hand tools exports soared to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Germany (X tons) and France (X tons) were the main destinations of hand tools exports from Ireland, with a combined 92% share of total exports. The United States and Switzerland lagged somewhat behind, together comprising a further 3.9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +19.8%), while the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), Germany ($X) and the United States ($X) appeared to be the largest markets for hand tools exported from Ireland worldwide, with a combined 83% share of total exports.

The United States, with a CAGR of +22.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average hand tools export price amounted to $X per ton, dropping by -5.9% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2013 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2020, and then declined in the following year.

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 ($X per ton), while the average price for exports to Germany ($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 France (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Ireland

After three years of growth, overseas purchases of hand tools decreased by -10.9% to X tons in 2021. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 22%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, hand tools imports rose rapidly to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +36.7% against 2014 indices. The growth pace was the most rapid in 2018 with an increase of 18% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest hand tools supplier to Ireland, with a 42% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-8.5% per year) and Germany (-0.1% per year).

In value terms, the largest hand tools suppliers to Ireland were China ($X), the UK ($X) and Taiwan (Chinese) ($X), together comprising 60% of total imports. These countries were followed by the United States, Germany, the Netherlands and India, which together accounted for a further 26%.

In terms of the main suppliers, the Netherlands, with a CAGR of +33.2%, recorded 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 hand tools import price stood at $X per ton in 2021, growing by 26% against the previous year. Over the last nine years, it increased at an average annual rate of +5.7%. The growth pace was the most rapid in 2013 an increase of 34%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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