Israel: Hand Tools Market 2025

Hand Tools Market Size in Israel

The Israeli hand tools market skyrocketed to $X in 2021, growing by 44% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in years to come.

Hand Tools Exports

Exports from Israel

Hand tools exports from Israel reduced to X tons in 2021, with a decrease of -6.5% against 2020 figures. In general, exports showed a pronounced setback. The pace of growth was the most pronounced in 2013 when exports increased by 84%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hand tools exports rose significantly to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 161%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main destinations of hand tools exports from Israel, with a combined 45% share of total exports. These countries were followed by Japan, Germany, Thailand, South Korea, the Netherlands, the Philippines, France, Hong Kong SAR, Poland and the UK, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +15.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand tools exported from Israel were the United States ($X), Taiwan (Chinese) ($X) and China ($X), together comprising 45% of total exports. These countries were followed by Japan, Germany, Thailand, South Korea, the Netherlands, Hong Kong SAR, the Philippines, France, the UK and Poland, which together accounted for a further 40%.

In terms of the main countries of destination, Japan, with a CAGR of +12.5%, saw the highest growth rate of 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 hand tools export price amounted to $X per ton, increasing by 16% against the previous year. In general, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 42%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Poland ($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 Hong Kong SAR (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Israel

In 2021, approx. X tons of hand tools were imported into Israel; picking up by 34% on the year before. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand tools imports surged to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hand tools to Israel, with a 45% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.1% per year) and Taiwan (Chinese) (+5.2% per year).

In value terms, China ($X) constituted the largest supplier of hand tools to Israel, comprising 42% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.4% per year) and Germany (+0.3% per year).

Import Prices by Country

The average hand tools import price stood at $X per ton in 2021, approximately mirroring the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2020 an increase of 11%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

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 Switzerland ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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