Switzerland: Household Hand Tools Market 2024

Household Hand Tools Market Size in Switzerland

The Swiss household hand tools market soared to $X in 2021, picking up by 25% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +87.2% against 2015 indices. Household hand tools consumption peaked in 2021 and is expected to retain growth in years to come.

Household Hand Tools Production in Switzerland

In value terms, household hand tools production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production saw a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 768% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Household Hand Tools Exports

Exports from Switzerland

In 2021, after five years of decline, there was significant growth in shipments abroad of household hand tools, when their volume increased by 19% to X tons. The total export volume increased at an average annual rate of +1.3% 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 2015 when exports increased by 26% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, household hand tools exports skyrocketed to $X in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 increased by +34.8% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 38%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for household hand tools exports from Switzerland, accounting for a 24% share of total exports. Moreover, household hand tools exports to Germany exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was held by Mexico (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.4% per year) and Mexico (+10.1% per year).

In value terms, Germany ($X) remains the key foreign market for household hand tools exports from Switzerland, comprising 28% of total exports. The second position in the ranking was taken by Mexico ($X), with a 5.6% share of total exports. It was followed by the United States, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+13.6% per year) and the United States (+0.1% per year).

Export Prices by Country

In 2021, the average household hand tools export price amounted to $X per ton, growing by 8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2014 an increase of 17% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Turkey ($X per ton), while the average price for exports to Australia ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Household Hand Tools Imports

Imports into Switzerland

In 2021, purchases abroad of household hand tools increased by 37% to X tons, rising for the second consecutive year after four years of decline. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; however, 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.

In value terms, household hand tools imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, 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 household hand tools to Switzerland, accounting for a 70% share of total imports. Moreover, household hand tools imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was held by France (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.5% per year) and France (-1.1% per year).

In value terms, China ($X) constituted the largest supplier of household hand tools to Switzerland, comprising 58% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by France, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.1% per year) and France (-5.0% per year).

Import Prices by Country

In 2021, the average household hand tools import price amounted to $X per ton, which is down by -7.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 34% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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