Austria: Hand Tools Market Overview 2020

Hand Tools Market Size in Austria

The revenue of the hand tools market in Austria amounted to $X in 2018, shrinking by -X% against the previous year. In general, hand tools consumption continues to indicate a temperate contraction. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Hand tools consumption peaked at $X in 2016; however, from 2017 to 2018, consumption stood at a somewhat lower figure.

Hand Tools Production in Austria

In value terms, hand tools production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when production volume increased by X% against the previous year. In that year, hand tools production attained its peak level of $X. From 2014 to 2018, hand tools production growth remained at a somewhat lower figure.

Hand Tools Exports

Exports from Austria

Hand tools exports from Austria amounted to X tonnes in 2018, picking up by X% against the previous year. In general, the total exports indicated a slight increase from 2007 to 2018: its volume 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 exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, hand tools exports amounted to $X in 2018. Overall, hand tools exports continue to indicate a temperate setback. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

Germany (X tonnes), the U.S. (X tonnes) and Italy (X tonnes) were the main destinations of hand tools exports from Austria, together comprising X% of total exports. The Czech Republic, Switzerland, Hungary, Poland, Greece, France, Romania, Slovakia and Slovenia lagged somewhat behind, together comprising 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 Greece, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for hand tools exports from Austria, comprising X% of total hand tools exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Switzerland (-X% per year).

Export Prices by Country

In 2018, the average hand tools export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the hand tools export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the average export prices for hand tools reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average export prices for hand tools remained at a somewhat lower figure.

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

Hand Tools Imports

Imports into Austria

In 2018, the amount of hand tools imported into Austria amounted to X tonnes, reducing by -X% against the previous year. Over the period under review, hand tools imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, hand tools imports reached their maximum at X tonnes in 2017, and then declined slightly in the following year.

In value terms, hand tools imports amounted to $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 2011 with an increase of X% year-to-year. Over the period under review, hand tools imports reached their maximum at $X in 2017, leveling off in the following year.

Imports by Country

Germany (X tonnes), China (X tonnes) and Taiwan, Chinese (X tonnes) were the main suppliers of hand tools imports to Austria, with a combined X% share of total imports. These countries were followed by Switzerland, the Czech Republic, Italy and Poland, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of hand tools to Austria, comprising X% of total hand tools imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Taiwan, Chinese, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Taiwan, Chinese (+X% per year).

Import Prices by Country

The average hand tools import price stood at $X per tonne in 2018, going up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average import prices for hand tools attained their maximum at $X per tonne in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox AI Platform