Spain: Hand Tools Market Overview 2020

Hand Tools Market Size in Spain

The revenue of the hand tools market in Spain amounted to $X in 2018, going down by -X% against the previous year. In general, hand tools consumption continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the hand tools market reached its peak figure level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Hand Tools Production in Spain

In value terms, hand tools production amounted to $X in 2018 estimated in export prices. In general, hand tools production, however, continues to indicate a deep drop. The growth pace was the most rapid in 2016 when production volume increased by X% y-o-y. Over the period under review, hand tools production reached its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Hand Tools Exports

Exports from Spain

Hand tools exports from Spain totaled X tonnes in 2018, surging by X% against the previous year. In general, the total exports indicated a perceptible increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hand tools exports increased by +X% against 2010 indices. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, hand tools exports stood at $X in 2018. Overall, hand tools exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, hand tools exports attained their peak of $X. From 2009 to 2018, the growth of hand tools exports remained at a lower figure.

Exports by Country

Portugal (X tonnes), France (X tonnes) and Italy (X tonnes) were the main destinations of hand tools exports from Spain, with a combined X% share of total exports. These countries were followed by Germany, the Netherlands, the U.S., Morocco, Cuba, the UK and Mexico, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand tools exported from Spain were Portugal ($X), France ($X) and Germany ($X), with a combined X% share of total exports. The Netherlands, Italy, the U.S., the UK, Cuba, Morocco and Mexico lagged somewhat behind, together comprising a further X Netherlands recorded the highest growth rate of exports, in terms of the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average hand tools export price amounted to $X per tonne, leveling off at the previous year. Overall, the hand tools export price continues to indicate a moderate downturn. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the UK ($X per tonne), while the average price for exports to Italy ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Hand Tools Imports

Imports into Spain

In 2018, approx. X tonnes of hand tools were imported into Spain; reducing by -X% against the previous year. Over the period under review, hand tools imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, hand tools imports attained their peak figure at X tonnes in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, hand tools imports stood at $X in 2018. Overall, hand tools imports continue to indicate a slight deduction. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. In that year, hand tools imports reached their peak of $X. From 2009 to 2018, the growth of hand tools imports remained at a lower figure.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of hand tools to Spain, accounting for 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. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Italy (-X% per year).

In value terms, the largest hand tools suppliers to Spain were Germany ($X), China ($X) and France ($X), 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 terms of the main suppliers, Belgium recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average hand tools import price amounted to $X per tonne, picking up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for hand tools attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform