Global Hand Tools Market 2025

Hand Tools Market Size

The global hand tools market amounted to $X in 2021, with an increase of 5.1% against the previous year. Over the period under review, the total consumption indicated temperate growth 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, consumption increased by +49.3% against 2015 indices. Over the period under review, the global market reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Hand Tools Production

In value terms, hand tools production totaled $X in 2021 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26% against the previous year. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Hand Tools Exports

Exports

For the third consecutive year, the global market recorded growth in overseas shipments of hand tools, which increased by 23% to X tons in 2021. Overall, total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% 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 +147.3% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 86% against the previous year. The global exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, hand tools exports soared to $X in 2021. The total export value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. 62% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), constituting an 8.6% share of total exports. The following exporters - India (X tons), Germany (X tons), the Netherlands (X tons) and Belgium (X tons) - together made up 12% of total exports.

Exports from China increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, the Netherlands (+10.4%), Belgium (+9.1%), Taiwan (Chinese) (+5.0%) and Germany (+3.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.4% from 2012-2021. India experienced a relatively flat trend pattern. China (+5.5 p.p.) significantly strengthened its position in terms of the global exports, while India saw its share reduced by -1.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hand tools supplier worldwide, comprising 39% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of global exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +8.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+5.4% per year) and Germany (+4.0% per year).

Export Prices by Country

The average hand tools export price stood at $X per ton in 2021, with an increase of 5.3% against the previous year. In general, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hand tools export price increased by +8.9% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 71% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the other global leaders experienced more modest paces of growth.

Hand Tools Imports

Imports

In 2021, global hand tools imports surged to X tons, growing by 24% on 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand tools imports surged to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed 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, the United States (X tons), distantly followed by Germany (X tons) were the major importers of hand tools, together mixing up 24% of total imports. Russia (X tons), the Netherlands (X tons), the UK (X tons), France (X tons), Poland (X tons), India (X tons), Belgium (X tons), Spain (X tons), Indonesia (X tons), China (X tons) and Brazil (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the hand tools imports, with a CAGR of +12.1% from 2012 to 2021. At the same time, India (+12.0%), Poland (+9.0%), the Netherlands (+8.9%), Belgium (+7.0%), Spain (+6.8%), China (+6.0%), France (+4.5%), the UK (+3.8%), Germany (+3.2%), Russia (+2.2%), Indonesia (+2.1%) and Brazil (+1.9%) displayed positive paces of growth. While the share of the United States (+9.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported hand tools worldwide, comprising 18% of global imports. The second position in the ranking was taken by Germany ($X), with an 8.3% share of global imports. It was followed by the Netherlands, with a 4.7% share.

In the United States, hand tools imports increased at an average annual rate of +4.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.0% per year) and the Netherlands (+8.1% per year).

Import Prices by Country

The average hand tools import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 2.3%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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