France: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in France

In 2023, the French electric soldering iron market decreased by X% to $X, falling for the second year in a row after ten years of growth. In general, consumption continues to indicate a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Electric Soldering Iron Exports

Exports from France

In 2023, overseas shipments of electric soldering irons and guns increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X units. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, electric soldering iron exports skyrocketed to $X in 2023. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for electric soldering iron exports from France, with a X% share of total exports. Moreover, electric soldering iron exports to Germany exceeded the volume sent to the second major destination, Spain (X units), threefold. Vietnam (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Vietnam (X% per year).

In value terms, the largest markets for electric soldering iron exported from France were Germany ($X), Turkey ($X) and Italy ($X), with a combined X% share of total exports. Vietnam, the Philippines, Belgium, Spain, the Netherlands, the UK, the Czech Republic, Tunisia, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the average electric soldering iron export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price recorded a resilient increase. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Soldering Iron Imports

Imports into France

In 2023, supplies from abroad of electric soldering irons and guns decreased by X% to X units, falling for the second consecutive year after ten years of growth. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, electric soldering iron imports skyrocketed to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, the Netherlands (X units) constituted the largest supplier of electric soldering iron to France, accounting for a X% share of total imports. Moreover, electric soldering iron imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2020 to 2023, the average annual growth rate of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of electric soldering irons and guns to France, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by China, with an X% share.

From 2020 to 2023, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

The average electric soldering iron import price stood at $X per unit in 2023, jumping by X% against the previous year. Overall, import price indicated prominent growth from 2020 to 2023: its price increased at an average annual rate of X% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electric soldering iron import price increased by X% against 2021 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform