EU: Power Tool Market 2024

Power Tool Market Size in the EU

In 2022, the EU power tool market increased by X% to $X, rising for the seventh consecutive year after two years of decline. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Power Tool Production in the EU

In value terms, power tool production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Power Tool Exports

Exports in the EU

After two years of growth, shipments abroad of power tools decreased by X% to X units in 2022. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then fell slightly in the following year.

In value terms, power tool exports dropped to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

The shipments of the ten major exporters of power tools, namely Germany, the Netherlands, Spain, Austria, Belgium, Hungary, Romania, Poland, France and the Czech Republic, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest power tool supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, increasing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Power Tool Imports

Imports in the EU

In 2022, after ten years of growth, there was significant decline in supplies from abroad of power tools, when their volume decreased by X% to X units. In general, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, power tool imports reduced to $X in 2022. Overall, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Germany (X units), distantly followed by France (X units), the Netherlands (X units), Belgium (X units), Spain (X units), Austria (X units), Poland (X units) and Italy (X units) were the largest importers of power tools, together mixing up X% of total imports. The Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest power tool importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), together accounting for X% of total imports.

The Netherlands, 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 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a mild decrease. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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