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Belgium - Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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Belgium: Hand Tools Market Overview 2021

Hand Tools Market Size in Belgium

In 2019, the Belgian hand tools market increased by X% to $X for the first time since 2015, thus ending a three-year declining trend. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2013 to 2019, the growth of the market remained at a somewhat lower figure.

Hand Tools Production in Belgium

In value terms, hand tools production soared to $X in 2019 estimated in export prices. Overall, production posted a modest increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2019, production failed to regain the momentum.

Hand Tools Exports

Exports from Belgium

In 2019, shipments abroad of hand tools increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. Overall, total exports indicated a temperate 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 increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in years to come.

In value terms, hand tools exports rose notably to $X in 2019. The total export 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 in certain years. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Exports peaked in 2019 and are likely to see steady growth in the immediate term.

Exports by Country

France (X tonnes) was the main destination for hand tools exports from Belgium, with a X% share of total exports. Moreover, hand tools exports to France exceeded the volume sent to the second major destination, the Netherlands (X tonnes), twofold. The UK (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 France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and the UK (+X% per year).

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

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

Export Prices by Country

The average hand tools export price stood at $X per tonne in 2019, declining by -X% against the previous year. Overall, the export price continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Germany ($X per tonne), while the average price for exports to the Netherlands ($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 Germany, while the prices for the other major destinations experienced mixed trend patterns.

Hand Tools Imports

Imports into Belgium

In 2019, supplies from abroad of hand tools increased by X% to X tonnes, rising for the fourth consecutive year after two years of decline. 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 in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to see steady growth in the near future.

In value terms, hand tools imports expanded modestly to $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 remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Imports peaked in 2019 and are likely to see gradual growth in years to come.

Imports by Country

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

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

In value terms, China ($X), Germany ($X) and the U.S. ($X) appeared to be the largest hand tools suppliers to Belgium, together comprising X% of total imports.

Among the main suppliers, China recorded 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, leveling off at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, 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 2019, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), 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?
+
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 accounting for 35% of global consumption. These countries were followed by Italy, Germany, the UK, Brazil, Russia, France, Canada, Viet Nam, South Korea and Indonesia, which together accounted for a further 25%.
What are the largest producers of hand tools in the world?
+
China (1.7M tonnes) remains the largest hand tools producing country worldwide, 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 Belgium?
+
In value terms, the largest hand tools suppliers to Belgium were China ($121M), Germany ($84M) and the U.S. ($71M), together accounting for 56% of total imports.
What are the leading importers of hand tools from Belgium?
+
In value terms, France ($106M) remains the key foreign market for hand tools exports from Belgium, comprising 27% of total exports. The second position in the ranking was occupied by Germany ($43M), with a 11% share of total exports. It was followed by the Netherlands, with a 8.5% share.
What is the average export price for hand tools in Belgium?
+
In 2019, the average hand tools export price amounted to $10,606 per tonne, declining by -10.5% against the previous year.
What is the average import price for hand tools in Belgium?
+
In 2019, the average hand tools import price amounted to $9,600 per tonne, approximately mirroring the previous year.

Product coverage:
• Prodcom 25731010 - Spades and shovels
• Prodcom 25731020 -
• Prodcom 25731030 - Mattocks, picks, hoes and rakes
• Prodcom 25731040 - Axes, bill hooks and similar hewing tools (excluding ice axes)
• Prodcom 25731050 - Secateurs and similar one-handed pruners and shears (including poultry shears) (excluding secateur type scissors with secateur blades with finger rings, pruning knives)
• Prodcom 25731060 - Hedge shears, two-handed pruning shears and similar twohanded shears
• Prodcom 25731070 -
• Prodcom 25732010 - Hand saws (excluding hand saws with a self-contained motor)
• Prodcom 25732020 - Band saw blades
• Prodcom 25732030 - Circular saw blades with steel working parts (including slotting or slitting saw blades)
• Prodcom 25732050 - Circular saw blades with non-steel working parts (including slitting or slotting saw blades, parts)
• Prodcom 25732093 - Straight saw blades for working metal
• Prodcom 25732095 -
• Prodcom 25732099 -
• Prodcom 25733013 - Files, rasps and similar tools (excluding punches and files for machine tools)
• Prodcom 25733015 -
• Prodcom 25733017 -
• Prodcom 25733023 - Metal cutting shears and similar hand tools
• Prodcom 25733025 - Pipe-cutters, bolt croppers, perforating punches and similar tools excluding punches and files for machine tools, machinetype metal cutting shears and office perforating punches, t icket punches
• Prodcom 25733033 - Non-adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
• Prodcom 25733035 - Adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
• Prodcom 25733037 - Interchangeable spanner sockets
• Prodcom 25733053 - Drilling, threading or tapping hand tools excluding interchangeable hand tools, machine-tools or power-operated hand tools, pneumatic tools or hand tools with a selfcontained motor
• Prodcom 25733055 - Hammers and sledge hammers with working part of metal
• Prodcom 25733057 - Planes, chisels, gouges and similar cutting tools for working wood
• Prodcom 25733063 - Screwdrivers
• Prodcom 25733065 - Household hand tools
• Prodcom 25733073 - Other tools for masons, moulders, cement workers, plasterers and painters
• Prodcom 25733077 - Other hand tools (including cartridge operated riveting) w allplugging and similar hand tools
• Prodcom 25733083 - Blow lamps (excluding gas-operated welding appliances)
• Prodcom 25733085 - Vices, clamps and the like
• Prodcom 25733087 - Anvils, portable forges, hand or pedal-operated grinding wheels with frameworks (excluding grindstones and the like presented separately)

This report provides an in-depth analysis of the hand tools market in Belgium. 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 2025.


Country coverage:
• Belgium

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Belgium
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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