EU: Interchangeable Tool Market 2024

Interchangeable Tool Market Size in the EU

In 2022, the EU interchangeable tool market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Interchangeable Tool Production in the EU

In value terms, interchangeable tool production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Interchangeable Tool Exports

Exports in the EU

In 2022, exports of interchangeable tools for hand tools in the European Union contracted slightly to X tons, remaining relatively unchanged against the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, interchangeable tool exports declined to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), Spain (X tons), the Netherlands (X tons), Poland (X tons) and Slovenia (X tons) were the major exporters of interchangeable tools for hand tools, together creating X% of total exports. Austria (X tons), Sweden (X tons), the Czech Republic (X tons), France (X tons), Belgium (X tons), Ireland (X tons) and Finland (X tons) held a relatively small share of total exports.

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

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

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

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then fell in the following year.

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

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

Interchangeable Tool Imports

Imports in the EU

In 2022, overseas purchases of interchangeable tools for hand tools increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, interchangeable tool imports declined to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons) represented the key importer of interchangeable tools for hand tools, mixing up X% of total imports. France (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (X%), Luxembourg (X%), Spain (X%), Poland (X%), Italy (X%), Belgium (X%) and Austria (X%). The Czech Republic (X tons), Slovakia (X tons), Slovenia (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to interchangeable tool imports into Germany stood at X%. At the same time, Luxembourg (X%), Slovenia (X%), Poland (X%), Austria (X%), Slovakia (X%), Italy (X%), Sweden (X%), France (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. The Netherlands, Spain and the Czech Republic experienced a relatively flat trend pattern. Luxembourg (X p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic, Spain and the Netherlands saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported interchangeable tools for hand tools in the European Union, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price saw a slight decrease. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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