Netherlands: Hand Tools Market Overview 2021

Hand Tools Market Size in the Netherlands

The Dutch hand tools market expanded rapidly to $X in 2019, rising by X% against the previous year. Overall, consumption showed a modest expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in years to come.

Hand Tools Production in the Netherlands

In value terms, hand tools production expanded markedly to $X in 2019 estimated in export prices. Overall, production enjoyed resilient growth. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2019 and is likely to continue growth in the near future.

Hand Tools Exports

Exports from the Netherlands

In 2019, shipments abroad of hand tools decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. In general, total exports indicated a pronounced expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

In value terms, hand tools exports declined to $X in 2019. Over the period under review, total exports indicated pronounced growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Germany (X tonnes) was the main destination for hand tools exports from the Netherlands, with a X% share of total exports. Moreover, hand tools exports to Germany exceeded the volume sent to the second major destination, Belgium (X tonnes), threefold. France (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and France (+X% per year).

In value terms, the largest markets for hand tools exported from the Netherlands were Germany ($X), Belgium ($X) and France ($X), together comprising X% of total exports. These countries were followed by the UK, Sweden, Poland, Denmark, Italy, Spain, Finland and the Czech Republic, which together accounted for a further X recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average hand tools export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced mixed trend patterns.

Hand Tools Imports

Imports into the Netherlands

For the fourth year in a row, the Netherlands recorded growth in supplies from abroad of hand tools, which increased by X% to X tonnes in 2019. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in the immediate term.

In value terms, hand tools imports stood at $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of hand tools to the Netherlands, accounting for a X% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), threefold. Taiwan (Chinese) (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, Germany ($X), China ($X) and Taiwan (Chinese) ($X) were the largest hand tools suppliers to the Netherlands, with a combined X% share of total imports. These countries were followed by Belgium, Spain, Poland, the UK, Sweden, France and India, which together accounted for a further X the main suppliers, Poland saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hand tools import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hand tools in the world?

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The countries with the highest volumes of hand tools consumption in 2019 were China (627K tonnes), the U.S. (341K tonnes) and Japan (112K tonnes), together comprising 37% of global consumption. Italy, Germany, the UK, Brazil, Russia, France, Canada, Viet Nam, South Korea and the Netherlands lagged somewhat behind, together comprising a further 25%.

What are the largest producers of hand tools in the world?

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China (1.7M tonnes) constituted the country with the largest volume of hand tools production, comprising approx. 64% of total volume. Moreover, hand tools production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (176K tonnes), tenfold. The third position in this ranking was occupied by Italy (115K tonnes), with a 4.2% share.

What are the leading suppliers of hand tools to the Netherlands?

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In value terms, the largest hand tools suppliers to the Netherlands were Germany ($192M), China ($151M) and Taiwan (Chinese) ($60M), together comprising 52% of total imports. These countries were followed by Belgium, Spain, Poland, the UK, Sweden, France and India, which together accounted for a further 30%.

What are the leading importers of hand tools from the Netherlands?

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In value terms, the largest markets for hand tools exported from the Netherlands were Germany ($99M), Belgium ($58M) and France ($40M), together accounting for 42% of total exports. The UK, Sweden, Poland, Denmark, Italy, Spain, Finland and the Czech Republic lagged somewhat behind, together accounting for a further 31%.

What is the average export price for hand tools in the Netherlands?

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In 2019, the average hand tools export price amounted to $11,434 per tonne, reducing by -6.3% against the previous year.

What is the average import price for hand tools in the Netherlands?

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The average hand tools import price stood at $9,422 per tonne in 2019, falling by -2.4% against the previous year.