Spain: Hand Tools Market Overview 2021

Hand Tools Market Size in Spain

The Spanish hand tools market fell to $X in 2019, reducing by -X% against the previous year. In general, consumption continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2009 to 2019, the growth of the market remained at a lower figure.

Hand Tools Production in Spain

In value terms, hand tools production contracted to $X in 2019 estimated in export prices. Overall, production showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Hand tools production peaked at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

Hand Tools Exports

Exports from Spain

After three years of growth, shipments abroad of hand tools decreased by -X% to X tonnes in 2019. Over the period under review, total exports indicated noticeable growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2010 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes, and then dropped in the following year.

In value terms, hand tools exports fell slightly to $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. As a result, exports attained the peak of $X, leveling off in the following year.

Exports by Country

Sweden (X tonnes), France (X tonnes) and Portugal (X tonnes) were the main destinations of hand tools exports from Spain, together comprising X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden, while exports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Sweden ($X) and Portugal ($X) constituted the largest markets for hand tools exported from Spain worldwide, with a combined X% share of total exports.

Sweden saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand tools export price stood at $X per tonne in 2019, rising by X% against the previous year. Over the period under review, the export price, however, showed a slight contraction. The growth pace was the most rapid in 2012 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Sweden ($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 Morocco, while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Spain

In 2019, hand tools imports into Spain reduced to X tonnes, declining by -X% on 2018 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, hand tools imports reduced to $X in 2019. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2009 to 2019, the growth imports failed to regain the momentum.

Imports by Country

China (X tonnes), Italy (X tonnes) and Germany (X tonnes) were the main suppliers of hand tools imports to Spain, together accounting for X% of total imports. France, Taiwan (Chinese), Belgium and Portugal lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Belgium, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and France ($X) appeared to be the largest hand tools suppliers to Spain, together accounting for X% of total imports. These countries were followed by Taiwan (Chinese), Italy, Portugal and Belgium, which together accounted for a further X (Chinese) saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average hand tools import price amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average 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 Germany ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, 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) remains the largest hand tools producing country worldwide, comprising approx. 63% of total volume. Moreover, hand tools production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (176K tonnes), tenfold. Italy (115K tonnes) ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of hand tools to Spain?

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In value terms, China ($104M), Germany ($77M) and France ($39M) were the largest hand tools suppliers to Spain, together comprising 56% of total imports. These countries were followed by Taiwan (Chinese), Italy, Portugal and Belgium, which together accounted for a further 21%.

What are the leading importers of hand tools from Spain?

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In value terms, the largest markets for hand tools exported from Spain were France ($60M), Sweden ($37M) and Portugal ($36M), together accounting for 44% of total exports.

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

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The average hand tools export price stood at $10,269 per tonne in 2019, picking up by 4.1% against the previous year.

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

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In 2019, the average hand tools import price amounted to $7,471 per tonne, dropping by -2.6% against the previous year.