EU: Wood Tool Market 2024

Wood Tool Market Size in the EU

In 2022, after three years of growth, there was significant decline in the EU wood tool market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2021, and then fell rapidly in the following year.

Wood Tool Production in the EU

In value terms, wood tool production dropped dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then contracted significantly in the following year.

Wood Tool Exports

Exports in the EU

After two years of growth, overseas shipments of tools of wood decreased by X% to X tons in 2022. The total export 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 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped modestly in the following year.

In value terms, wood tool exports reduced to $X in 2022. Total exports indicated a strong 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, 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 dropped in the following year.

Exports by Country

The biggest shipments were from Italy (X tons), the Netherlands (X tons), Slovakia (X tons) and Portugal (X tons), together recording X% of total export. Poland (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%), the Czech Republic (X%) and Belgium (X%). Romania (X tons), Spain (X tons), Slovenia (X tons), Sweden (X tons) and Latvia (X tons) followed a long way behind the leaders.

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

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

In Italy, wood tool exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per ton in 2021, and then shrank modestly in the following year.

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

Wood Tool Imports

Imports in the EU

In 2022, imports of tools of wood in the European Union rose remarkably to X tons, increasing by X% on 2021 figures. 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, wood tool imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, France (X tons), distantly followed by Germany (X tons), Portugal (X tons), the Netherlands (X tons), Belgium (X tons) and Italy (X tons) represented the largest importers of tools of wood, together committing X% of total imports. Romania (X tons), the Czech Republic (X tons), Austria (X tons), Poland (X tons), Hungary (X tons), Sweden (X tons) and Spain (X tons) followed a long way behind the leaders.

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

In value terms, the largest wood tool importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), together accounting for X% of total imports. Portugal, Belgium, Italy, Austria, the Czech Republic, Poland, Sweden, Romania, Spain and Hungary lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Hungary, with a CAGR of X%, saw 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 import price in the European Union stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Sweden ($X per ton), while Romania ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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