Europe: Market for Hand-Operated Drilling, Threading or Tapping Tools 2024

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Europe

The Europe market for hand-operated drilling, threading or tapping tools soared to $X in 2022, surging by X% against the previous year. 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 in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Hand-Operated Drilling, Threading or Tapping Tools in Europe

In value terms, production of hand-operated drilling, threading or tapping tools reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports in Europe

For the third year in a row, Europe recorded growth in overseas shipments of hand-operated drilling, threading or tapping tools, which increased by X% to X tons in 2022. Total exports indicated a temperate 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 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, exports of hand-operated drilling, threading or tapping tools reached $X in 2022. The total export 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 most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands was the largest exporting country with an export of around X tons, which amounted to X% of total exports. Belgium (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%), Spain (X%) and France (X%). The following exporters - the UK (X tons), Poland (X tons), Luxembourg (X tons), Italy (X tons), Sweden (X tons), Estonia (X tons) and Greece (X tons) - together made up X% of total exports.

The Netherlands was also the fastest-growing in terms of the hand-operated drilling, threading or tapping tools exports, with a CAGR of X% from 2012 to 2022. At the same time, Luxembourg (X%), Estonia (X%), Greece (X%), Belgium (X%), Poland (X%) and France (X%) displayed positive paces of growth. Spain experienced a relatively flat trend pattern. By contrast, Germany (X%), the UK (X%), Sweden (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Belgium, France, Luxembourg, Estonia, Greece and Poland increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest hand-operated drilling, threading or tapping tool supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

In the Netherlands, exports of hand-operated drilling, threading or tapping tools 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: Germany (X% per year) and Spain (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports in Europe

In 2022, overseas purchases of hand-operated drilling, threading or tapping tools decreased by X% to X tons, falling for the second consecutive year after five years of growth. The total import volume 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 pace of growth was the most pronounced in 2013 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools expanded rapidly to $X in 2022. Total imports indicated a resilient 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons), distantly followed by the UK (X tons), France (X tons), Germany (X tons) and Belgium (X tons) were the major importers of hand-operated drilling, threading or tapping tools, together committing X% of total imports. Poland (X tons), Romania (X tons), Russia (X tons), Latvia (X tons), Italy (X tons), the Czech Republic (X tons), Denmark (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 main importing countries, was attained by Latvia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported hand-operated drilling, threading or tapping tools in Europe, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by the UK, with an X% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and the UK (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Latvia ($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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