Luxembourg: Hand Tools Market 2025

Hand Tools Market Size in Luxembourg

For the third year in a row, the Luxembourg hand tools market recorded growth in sales value, which increased by 17% to $X in 2021. In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 +35.7% against 2017 indices. Hand tools consumption peaked in 2021 and is expected to retain growth in the immediate term.

Hand Tools Exports

Exports from Luxembourg

In 2021, after two years of decline, there was significant growth in shipments abroad of hand tools, when their volume increased by 23% to X tons. In general, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 36% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, hand tools exports rose markedly to $X in 2021. Overall, exports, however, continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 with an increase of 31% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for hand tools exports from Luxembourg, with a 45% share of total exports. Moreover, hand tools exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was held by France (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+2.5% per year) and France (+1.7% per year).

In value terms, Germany ($X) remains the key foreign market for hand tools exports from Luxembourg, comprising 35% of total exports. The second position in the ranking was held by Belgium ($X), with a 16% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+0.8% per year) and France (-3.7% per year).

Export Prices by Country

The average hand tools export price stood at $X per ton in 2021, with a decrease of -8.7% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hand tools export price increased by +66.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 45% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Belgium ($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 (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Hand Tools Imports

Imports into Luxembourg

In 2021, hand tools imports into Luxembourg expanded notably to X tons, picking up by 14% on 2020 figures. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 23% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, hand tools imports soared to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some 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.

Imports by Country

Germany (X tons), Belgium (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of hand tools imports to Luxembourg, with a combined 87% share of total imports. Japan, France, the Netherlands and China lagged somewhat behind, together accounting for a further 10%.

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 +18.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hand tools suppliers to Luxembourg were Germany ($X), Taiwan (Chinese) ($X) and Belgium ($X), with a combined 74% share of total imports. These countries were followed by Japan, France, the Netherlands and China, which together accounted for a further 19%.

In terms of the main suppliers, the Netherlands, with a CAGR of +18.2%, saw 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

In 2021, the average hand tools import price amounted to $X per ton, rising by 4.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2018 when the average import price increased by 21%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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