France: Hand Tools Market Overview 2021

Hand Tools Market Size in France

In 2019, the French hand tools market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2018 to 2019, the growth of the market remained at a somewhat lower figure.

Hand Tools Production in France

In value terms, hand tools production reduced to $X in 2019 estimated in export prices. Overall, production saw a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Hand tools production peaked at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Hand Tools Exports

Exports from France

In 2019, the amount of hand tools exported from France declined modestly to X tonnes, dropping by -X% on the previous year. Overall, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, hand tools exports totaled $X in 2019. In general, exports saw a noticeable decrease. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes), Spain (X tonnes) and Belgium (X tonnes) were the main destinations of hand tools exports from France, with a combined X% share of total exports. These countries were followed by Italy, the Netherlands, the UK, Qatar, Switzerland, Poland, Tunisia, Morocco, New Caledonia and the U.S., which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Belgium ($X) were the largest markets for hand tools exported from France worldwide, together comprising X% of total exports. These countries were followed by Italy, the UK, the U.S., the Netherlands, Qatar, Switzerland, Poland, Morocco, Tunisia and New Caledonia, which together accounted for a further X the main countries of destination, Qatar saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2019, the average hand tools export price amounted to $X per tonne, with an increase of X% against the previous year. In general, the export price saw a slight expansion. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to New Caledonia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into France

In 2019, purchases abroad of hand tools decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, hand tools imports contracted slightly to $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018, and then contracted modestly in the following year.

Imports by Country

In 2019, China (X tonnes) constituted the largest hand tools supplier to France, with a X% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), threefold. Taiwan (Chinese) (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, the largest hand tools suppliers to France were China ($X), Germany ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. Italy, Spain, the UK, the Netherlands, Poland, Belgium and India lagged somewhat behind, together accounting for a further X the main suppliers, Poland 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 average hand tools import price stood at $X per tonne in 2019, remaining relatively unchanged against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the UK ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hand tools in the world?

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The countries with the highest volumes of hand tools consumption in 2019 were China (577K tonnes), the U.S. (341K tonnes) and Japan (112K tonnes), with a combined 35% share of global consumption. These countries were followed by Italy, Germany, the UK, Brazil, Russia, France, Canada, Viet Nam, South Korea and Indonesia, which together accounted for a further 25%.

What are the largest producers of hand tools in the world?

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China (1.7M tonnes) constituted the country with the largest volume of hand tools production, accounting for 63% of total volume. Moreover, hand tools production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (176K tonnes), tenfold. The third position in this ranking was occupied by Italy (115K tonnes), with a 4.3% share.

What are the leading suppliers of hand tools to France?

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In value terms, the largest hand tools suppliers to France were China ($250M), Germany ($166M) and Taiwan (Chinese) ($98M), with a combined 59% share of total imports. These countries were followed by Italy, Spain, the UK, the Netherlands, Poland, Belgium and India, which together accounted for a further 21%.

What are the leading importers of hand tools from France?

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In value terms, the largest markets for hand tools exported from France were Germany ($63M), Spain ($38M) and Belgium ($34M), with a combined 30% share of total exports. These countries were followed by Italy, the UK, the U.S., the Netherlands, Qatar, Switzerland, Poland, Morocco, Tunisia and New Caledonia, which together accounted for a further 36%.

What is the average export price for hand tools in France?

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The average hand tools export price stood at $17,521 per tonne in 2019, increasing by 8.1% against the previous year.

What is the average import price for hand tools in France?

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The average hand tools import price stood at $10,781 per tonne in 2019, approximately equating the previous year.