Sweden: Hand Tools Market Overview 2021

Hand Tools Market Size in Sweden

The Swedish hand tools market stood at $X in 2019, approximately equating the previous year. Overall, the total consumption indicated a buoyant expansion from 2007 to 2019: its value 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, consumption decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Hand tools consumption peaked at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

Hand Tools Production in Sweden

In value terms, hand tools production reduced modestly to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% against the previous year. 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 Sweden

In 2019, overseas shipments of hand tools decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2010 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 failed to regain the momentum.

In value terms, hand tools exports declined to $X in 2019. Overall, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2019, exports remained at a lower figure.

Exports by Country

Norway (X tonnes), the Netherlands (X tonnes) and Denmark (X tonnes) were the main destinations of hand tools exports from Sweden, together comprising X% of total exports. Finland, the U.S., Germany, Estonia, Poland, France, Belgium, Singapore, the UK and China lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Singapore, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the Netherlands ($X) and Denmark ($X) were the largest markets for hand tools exported from Sweden worldwide, together accounting for X% of total exports. These countries were followed by Finland, Germany, the U.S., Belgium, France, the UK, Estonia, Poland, Singapore and China, which together accounted for a further X the main countries of destination, Singapore 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 2019, the average hand tools export price amounted to $X per tonne, approximately mirroring the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

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

Hand Tools Imports

Imports into Sweden

In 2019, the amount of hand tools imported into Sweden totaled X tonnes, remaining relatively unchanged against the year before. Over the period under review, imports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. 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 modestly to $X in 2019. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

China (X tonnes), Taiwan (Chinese) (X tonnes) and Germany (X tonnes) were the main suppliers of hand tools imports to Sweden, with a combined X% share of total imports. The Netherlands, Belgium, Denmark, India, Italy, the U.S., Norway and Estonia 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, the largest hand tools suppliers to Sweden were Germany ($X), Taiwan (Chinese) ($X) and China ($X), with a combined X% share of total imports. The Netherlands, Belgium, Denmark, the U.S., Estonia, Italy, Norway and India lagged somewhat behind, together accounting for a further X terms of the main suppliers, Belgium 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

In 2019, the average hand tools import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the import price, however, continues to indicate a mild expansion. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Estonia, 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), together comprising 35% 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, 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. Italy (115K tonnes) ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of hand tools to Sweden?

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In value terms, Germany ($70M), Taiwan (Chinese) ($46M) and China ($37M) were the largest hand tools suppliers to Sweden, with a combined 53% share of total imports. The Netherlands, Belgium, Denmark, the U.S., Estonia, Italy, Norway and India lagged somewhat behind, together comprising a further 33%.

What are the leading importers of hand tools from Sweden?

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In value terms, the largest markets for hand tools exported from Sweden were Norway ($50M), the Netherlands ($28M) and Denmark ($22M), with a combined 39% share of total exports. These countries were followed by Finland, Germany, the U.S., Belgium, France, the UK, Estonia, Poland, Singapore and China, which together accounted for a further 39%.

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

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The average hand tools export price stood at $16,538 per tonne in 2019, approximately mirroring the previous year.

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

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The average hand tools import price stood at $11,761 per tonne in 2019, which is down by -4.2% against the previous year.