United Kingdom: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in the UK

In 2022, after two years of growth, there was significant decline in the UK non-electric motor handtools market, when its value decreased by -9.6% to $X. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +31.4% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Non-Electric Motor Handtools Production in the UK

In value terms, non-electric motor handtools production shrank slightly to $X in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.3% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 86%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Non-Electric Motor Handtools Exports

Exports from the UK

For the third consecutive year, the UK recorded growth in overseas shipments of handtools, hydraulic or with a self-contained non-electric motor, which increased by 12% to X units in 2022. The total export volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 29%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-electric motor handtools exports reached $X in 2022. The total export value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by 24% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X units), China (X units) and the Netherlands (X units) were the main destinations of non-electric motor handtools exports from the UK, together accounting for 40% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +38.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and the Netherlands ($X) appeared to be the largest markets for non-electric motor handtools exported from the UK worldwide, with a combined 40% share of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +38.7%, recorded 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

The average non-electric motor handtools export price stood at $X per unit in 2022, falling by -7.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 60%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per unit) and Norway ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into the UK

After two years of growth, purchases abroad of handtools, hydraulic or with a self-contained non-electric motor decreased by -9% to X units in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 45%. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, non-electric motor handtools imports fell modestly to $X in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 24%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and the United States (X units) were the main suppliers of non-electric motor handtools imports to the UK, with a combined 71% share of total imports. France, Sweden, Italy, Japan, Poland, Austria, the Netherlands, Denmark, Belgium and Ireland lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +60.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the largest non-electric motor handtools suppliers to the UK, together accounting for 71% of total imports. France, Sweden, Italy, Japan, Poland, Austria, the Netherlands, Denmark, Belgium and Ireland lagged somewhat behind, together accounting for a further 25%.

Poland, with a CAGR of +55.0%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average non-electric motor handtools import price amounted to $X per unit, surging by 8.6% against the previous year. In general, the import price, however, showed a noticeable slump. The growth pace was the most rapid in 2019 an increase of 19%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and China ($X per unit), while the price for Belgium ($X per unit) and Ireland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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