Slovakia: Hand Tools Market 2025

Hand Tools Market Size in Slovakia

The Slovak hand tools market expanded significantly to $X in 2021, with an increase of 8.4% against the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.5% 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 decreased by -17.0% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Hand Tools Production in Slovakia

In value terms, hand tools production fell to $X in 2021 estimated in export price. Over the period under review, production, however, faced a deep setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by 8.7% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hand Tools Exports

Exports from Slovakia

In 2021, shipments abroad of hand tools increased by 13% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 25% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, hand tools exports surged to $X in 2021. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2018 with an increase of 51% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Hungary (X tons) were the main destinations of hand tools exports from Slovakia, together comprising 59% of total exports. These countries were followed by Poland, Romania, Austria, Croatia, France, Serbia, the UK, Italy and Ukraine, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +28.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand tools exported from Slovakia were Germany ($X), the Czech Republic ($X) and Poland ($X), together comprising 57% of total exports. Hungary, France, Austria, Italy, Romania, the UK, Croatia, Serbia and Ukraine lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, the UK, with a CAGR of +35.6%, saw the highest rates of growth with regard to 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

The average hand tools export price stood at $X per ton in 2021, growing by 4.9% against the previous year. In general, the export price recorded buoyant growth. The pace of growth was the most pronounced in 2017 an increase of 23% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Croatia ($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 (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Slovakia

Hand tools imports into Slovakia amounted to X tons in 2021, increasing by 14% compared with 2020 figures. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 45% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, hand tools imports rose sharply to $X in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.3% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Italy (X tons) were the main suppliers of hand tools imports to Slovakia, with a combined 58% share of total imports. These countries were followed by China, Poland, Taiwan (Chinese), South Korea and Austria, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Poland ($X) were the largest hand tools suppliers to Slovakia, with a combined 63% share of total imports.

Poland, with a CAGR of +23.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, with a decrease of -7.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 17%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Italy ($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 Czech Republic (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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