Report Update: May 9, 2024

Norway - Household Hand Tools - Market Analysis, Forecast, Size, Trends And Insights

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Household Hand Tools Price in Norway - 2023

Household Hand Tools Price in Norway (CIF) - 2022

The average household hand tools import price stood at $17,146 per ton in 2022, with a decrease of -16.6% against the previous year. Overall, the import price saw a perceptible contraction. The pace of growth was the most pronounced in 2021 an increase of 20%. The import price peaked at $21,460 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($40,581 per ton), while the price for Bulgaria ($5,944 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+0.4%), while the prices for the other major suppliers experienced a decline.

Household Hand Tools Price in Norway (FOB) - 2022

The average household hand tools export price stood at $43,665 per ton in 2022, rising by 33% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, household hand tools export price increased by +52.5% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 42%. The export price peaked at $53,734 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($60,296 per ton), while the average price for exports to Denmark ($14,564 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+14.0%), while the prices for the other major destinations experienced mixed trend patterns.

Household Hand Tools Imports in Norway

Household hand tools imports into Norway was estimated at 340 tons in 2022, surging by 3.4% on 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 8.3% against the previous year.

In value terms, household hand tools imports declined to $5.8M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $6.8M, and then dropped in the following year.

Import of Household Hand Tools in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,616	2,581	3,491	3,180	6.7%
Denmark	810	831	803	566	-11.3%
Sweden	410	470	609	503	7.1%
Germany	370	316	445	373	0.3%
United States	556	199	375	301	-18.5%
Bulgaria	N/A	60.9	72.9	169	66.6%
Taiwan (Chinese)	110	154	57.8	82.1	-9.3%
Others	752	595	909	661	-4.2%
Total	5,623	5,206	6,762	5,834	1.2%

Top Suppliers of Household Hand Tools to Norway in 2022:

China (228.8 tons)
Bulgaria (28.4 tons)
Sweden (27.7 tons)
Denmark (17.3 tons)
Germany (9.2 tons)
United States (4.8 tons)
Taiwan (Chinese) (3.8 tons)

Household Hand Tools Exports in Norway

After three years of growth, shipments abroad of household hand tools decreased by -26.7% to 16 tons in 2022. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year.

In value terms, household hand tools exports contracted modestly to $688K in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 98% against the previous year.

Export of Household Hand Tools in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	40.2	254	359	260	86.3%
Sweden	103	175	259	213	27.4%
United Kingdom	6.6	12.3	7.4	42.0	85.3%
United States	0.6	8.7	5.6	34.9	287.5%
Spain	3.7	0.7	0.4	17.3	67.2%
Denmark	33.1	7.7	11.2	14.9	-23.4%
Turkey	0.4	N/A	3.3	14.6	231.7%
Germany	62.5	19.1	2.2	10.8	-44.3%
Others	14.4	47.1	60.5	80.8	77.7%
Total	264	524	708	688	37.6%

Top Export Markets for Household Hand Tools from Norway in 2022:

Sweden (7.3 tons)
Netherlands (4.3 tons)
Denmark (1.0 tons)
United Kingdom (0.8 tons)
United States (0.7 tons)
Turkey (0.5 tons)
Spain (0.4 tons)
Germany (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the household hand tools market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25733065 - Household hand tools

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023