EU: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in the EU

In 2023, the EU electric soldering iron market decreased by X% to $X, falling for the second year in a row after eight years of growth. In general, consumption, however, continues to indicate a significant increase. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Electric Soldering Iron Production in the EU

In value terms, electric soldering iron production reached $X in 2023 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Electric Soldering Iron Exports

Exports in the EU

In 2023, approx. X units of electric soldering irons and guns were exported in the European Union; falling by X% compared with 2022 figures. In general, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, electric soldering iron exports surged to $X in 2023. Total exports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) and the Netherlands (X units) represented the largest exporters of electric soldering irons and guns in 2023, accounting for approx. X% and X% of total exports, respectively. Spain (X units) held the next position in the ranking, followed by Belgium (X units). All these countries together held near X% share of total exports. Poland (X units), France (X units), the Czech Republic (X units) and Austria (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. France, Poland, Belgium, the Czech Republic and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price recorded a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per unit), while Germany ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Electric Soldering Iron Imports

Imports in the EU

In 2023, overseas purchases of electric soldering irons and guns decreased by X% to X units, falling for the second consecutive year after five years of growth. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, electric soldering iron imports rose notably to $X in 2023. Total imports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, the Netherlands (X units), distantly followed by Germany (X units), Poland (X units), Spain (X units), Denmark (X units), Belgium (X units) and Hungary (X units) represented the main importers of electric soldering irons and guns, together committing X% of total imports. The following importers - Italy (X units), France (X units), Romania (X units), the Czech Republic (X units), Greece (X units) and Bulgaria (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric soldering iron importing markets in the European Union were the Netherlands ($X), Germany ($X) and France ($X), together comprising X% of total imports. Poland, Spain, Belgium, Italy, the Czech Republic, Hungary, Romania, Denmark, Bulgaria and Greece lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the import price, however, recorded a dramatic slump. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform