United Kingdom: Wood Tool Market 2025

Wood Tool Market Size in the UK

In 2021, the UK wood tool market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Wood Tool Production in the UK

In value terms, wood tool production rose slightly to $X in 2021 estimated in export price. In general, production, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 7% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Wood Tool Exports

Exports from the UK

In 2021, after two years of growth, there was significant decline in shipments abroad of tools of wood, when their volume decreased by -31% to X tons. Overall, exports saw a deep slump. The pace of growth was the most pronounced in 2014 when exports increased by 38%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, wood tool exports amounted to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2017 when exports increased by 7.3%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for wood tool exports from the UK, accounting for a 49% share of total exports. Moreover, wood tool exports to Ireland exceeded the volume sent to the second major destination, New Zealand (X tons), eightfold. The United States (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+6.7% per year) and the United States (-7.8% per year).

In value terms, the largest markets for wood tool exported from the UK were Ireland ($X), Japan ($X) and France ($X), with a combined 30% share of total exports. The United States, New Zealand, Sweden, Germany, Poland, Italy, the Netherlands, Norway, Belgium and Saint Vincent and the Grenadines lagged somewhat behind, together accounting for a further 45%.

In terms of the main countries of destination, Poland, with a CAGR of +27.2%, recorded 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 wood tool export price stood at $X per ton in 2021, jumping by 47% against the previous year. In general, the export price, however, recorded a noticeable decrease. The growth pace was the most rapid in 2016 an increase of 49% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Saint Vincent and the Grenadines ($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 New Zealand (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Tool Imports

Imports into the UK

Wood tool imports into the UK dropped to X tons in 2021, with a decrease of -3.6% against 2020. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 42%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood tool imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 29%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), China (X tons) and Sri Lanka (X tons) were the main suppliers of wood tool imports to the UK, with a combined 67% share of total imports. Argentina, South Africa, India and Denmark lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +52.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood tool suppliers to the UK were China ($X), Brazil ($X) and India ($X), with a combined 56% share of total imports. Sri Lanka, Argentina, Denmark and South Africa lagged somewhat behind, together comprising a further 26%.

South Africa, with a CAGR of +54.4%, recorded the highest growth rate of 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 wood tool import price amounted to $X per ton, surging by 26% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 India ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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