Romania: Hand Tools Market 2025

Hand Tools Market Size in Romania

In 2021, the Romanian hand tools market increased by 27% to $X, rising for the seventh year in a row after two years of decline. Over the period under review, consumption enjoyed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hand Tools Production in Romania

In value terms, hand tools production contracted sharply to $X in 2021 estimated in export price. In general, production, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 139% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Hand Tools Exports

Exports from Romania

In 2021, the amount of hand tools exported from Romania skyrocketed to X tons, with an increase of 18% against the previous year. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -12.2% against 2019 indices. The pace of growth was the most pronounced in 2016 when exports increased by 48%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, hand tools exports rose rapidly to $X in 2021. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.1% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 24% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Hungary (X tons), Germany (X tons) and France (X tons) were the main destinations of hand tools exports from Romania, together comprising 51% of total exports. These countries were followed by Poland, Sweden, Russia, Morocco, Bulgaria, Moldova, the United Arab Emirates, Turkey, Italy and Brazil, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +79.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Germany ($X) and France ($X) constituted the largest markets for hand tools exported from Romania worldwide, with a combined 56% share of total exports. These countries were followed by Sweden, Bulgaria, Poland, Italy, Moldova, Morocco, Russia, the United Arab Emirates, Turkey and Brazil, which together accounted for a further 29%.

Sweden, with a CAGR of +84.2%, recorded the highest rates of growth with regard to 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 hand tools export price amounted to $X per ton, declining by -4.6% against the previous year. In general, the export price, however, showed a modest increase. The growth pace was the most rapid in 2017 when the average export price increased by 19% against the previous year. The export price peaked at $X per ton in 2020, and then dropped 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 Italy ($X per ton), while the average price for exports to Brazil ($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 Italy (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Romania

Hand tools imports into Romania skyrocketed to X tons in 2021, increasing by 24% on the previous year. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hand tools imports skyrocketed to $X in 2021. In general, imports saw a buoyant expansion. 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 Romania, with a 42% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+15.0% per year) and Germany (+7.8% per year).

In value terms, the largest hand tools suppliers to Romania were China ($X), Germany ($X) and Poland ($X), with a combined 57% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +16.1%, 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, surging by 4.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 8.9%. The import price peaked in 2021 and is likely to continue growth in years to come.

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 Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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