United Kingdom: Hand Tools Market Overview 2020

Hand Tools Market Size in the UK

The revenue of the hand tools market in the UK amounted to $X in 2018, coming down by -X% against the previous year. Overall, hand tools consumption continues to indicate an abrupt curtailment. The pace of growth was the most pronounced in 2013 when the market value increased by X% year-to-year. Over the period under review, the hand tools market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Hand Tools Production in the UK

In value terms, hand tools production stood at $X in 2018 estimated in export prices. Over the period under review, hand tools production continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2013 when production volume increased by X% y-o-y. Over the period under review, hand tools production reached its maximum level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Hand Tools Exports

Exports from the UK

In 2018, the exports of hand tools from the UK totaled X tonnes, growing by X% against the previous year. In general, hand tools exports, however, continue to indicate a measured reduction. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, hand tools exports attained their maximum at X tonnes in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, hand tools exports stood at $X in 2018. In general, hand tools exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, hand tools exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

Ireland (X tonnes), Germany (X tonnes) and France (X tonnes) were the main destinations of hand tools exports from the UK, together comprising X% of total exports. These countries were followed by the Netherlands, the U.S., Belgium, Poland, Spain, Italy, the United Arab Emirates, the Czech Republic and Singapore, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand tools exported from the UK were the U.S. ($X), Germany ($X) and Ireland ($X), with a combined X% share of total exports. These countries were followed by France, the Netherlands, Italy, Spain, Belgium, Poland, the Czech Republic, the United Arab Emirates and Singapore, which together accounted for a further X the main countries of destination, Poland recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand tools export price stood at $X per tonne in 2018, going up by X% against the previous year. In general, the export price indicated a slight increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hand tools export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices for hand tools attained their maximum at $X per tonne in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into the UK

In 2018, approx. X tonnes of hand tools were imported into the UK; coming down by -X% against the previous year. Over the period under review, hand tools imports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, hand tools imports stood at $X in 2018. Over the period under review, hand tools imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, hand tools imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of hand tools to the UK, accounting for a X% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, India (X tonnes), fivefold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Germany (-X% per year).

In value terms, the largest hand tools suppliers to the UK were China ($X), Germany ($X) and Taiwan, Chinese ($X), together comprising X% of total imports. These countries were followed by the U.S., the Netherlands, Belgium and India, which together accounted for a further X recorded the highest growth rate of imports, among the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average hand tools import price amounted to $X per tonne, going up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform