Austria: Hand Tools Market Overview 2021

Hand Tools Market Size in Austria

The Austrian hand tools market fell to $X in 2019, waning by -X% against the previous year. Overall, the total consumption indicated a temperate increase from 2007 to 2019: its value 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, consumption decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Hand tools consumption peaked at $X in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

Hand Tools Production in Austria

In value terms, hand tools production shrank modestly to $X in 2019 estimated in export prices. In general, the total production indicated perceptible 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, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2019, production failed to regain the momentum.

Hand Tools Exports

Exports from Austria

In 2019, shipments abroad of hand tools decreased by -X% to X tonnes for the first time since 2013, thus ending a five-year rising trend. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, hand tools exports contracted modestly to $X in 2019. Over the period under review, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

Exports by Country

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

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

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

From 2007 to 2019, the average annual growth rate of value to Germany totaled -X%. 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 2019, the average hand tools export price amounted to $X per tonne, increasing by X% against the previous year. In general, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2008; however, from 2009 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Greece ($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 the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Austria

In 2019, approx. X tonnes of hand tools were imported into Austria; reducing by -X% against the previous year. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Imports peaked at X tonnes in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

In value terms, hand tools imports reduced to $X in 2019. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2018, and then contracted in the following year.

Imports by Country

China (X tonnes), Germany (X tonnes) and Taiwan (Chinese) (X tonnes) were the main suppliers of hand tools imports to Austria, together comprising X% of total imports. These countries were followed by Italy, Poland and the Czech Republic, which together accounted for a further X 2007 to 2019, the biggest increases were in Poland, while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, 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 2019, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. The import price peaked in 2019 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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

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 (577K tonnes), the U.S. (341K tonnes) and Japan (112K tonnes), together comprising 35% of global consumption. Italy, Germany, the UK, Brazil, Russia, France, Canada, Viet Nam, South Korea and Indonesia lagged somewhat behind, together accounting for 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, accounting for 63% of total volume. Moreover, hand tools production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (176K tonnes), tenfold. Italy (115K tonnes) ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of hand tools to Austria?

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In value terms, Germany ($167M) constituted the largest supplier of hand tools to Austria, comprising 46% of total imports. The second position in the ranking was occupied by China ($65M), with a 18% share of total imports. It was followed by Taiwan (Chinese), with a 6.6% share.

What are the leading importers of hand tools from Austria?

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In value terms, Germany ($70M) remains the key foreign market for hand tools exports from Austria, comprising 28% of total exports. The second position in the ranking was occupied by the U.S. ($23M), with a 9% share of total exports. It was followed by Switzerland, with a 8.2% share.

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

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In 2019, the average hand tools export price amounted to $17,095 per tonne, rising by 4.3% against the previous year.

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

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The average hand tools import price stood at $13,156 per tonne in 2019, growing by 6.6% against the previous year.