Switzerland: Hand Tools Market Overview 2021

Hand Tools Market Size in Switzerland

In 2019, after two years of growth, there was decline in the Swiss hand tools market, when its value decreased by -X% to $X. Over the period under review, consumption, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2014 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Hand Tools Production in Switzerland

In value terms, hand tools production dropped to $X in 2019 estimated in export prices. In general, production, however, recorded prominent growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018, and then reduced in the following year.

Hand Tools Exports

Exports from Switzerland

In 2019, shipments abroad of hand tools decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. The total export volume 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 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2018, and then shrank in the following year.

In value terms, hand tools exports declined slightly to $X in 2019. The total export value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

The U.S. (X tonnes), Germany (X tonnes) and Singapore (X tonnes) were the main destinations of hand tools exports from Switzerland, with a combined X% share of total exports. These countries were followed by China, Russia, France, Indonesia, Poland, Australia, Viet Nam, Canada and Thailand, 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 Viet Nam, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and Singapore ($X) constituted the largest markets for hand tools exported from Switzerland worldwide, with a combined X% share of total exports. France, China, Russia, Poland, Canada, Viet Nam, Australia, Thailand and Indonesia lagged somewhat behind, together comprising a further X the main countries of destination, Viet Nam saw 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

The average hand tools export price stood at $X per tonne in 2019, picking up by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

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

Hand Tools Imports

Imports into Switzerland

For the third year in a row, Switzerland recorded decline in supplies from abroad of hand tools, which decreased by -X% to X tonnes in 2019. Over the period under review, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, hand tools imports fell to $X in 2019. Overall, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

China (X tonnes), Germany (X tonnes) and Taiwan (Chinese) (X tonnes) were the main suppliers of hand tools imports to Switzerland, with a combined X% share of total imports. Austria, Italy, France and the U.S. lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the U.S., while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of hand tools to Switzerland, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Germany amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Austria (-X% per year).

Import Prices by Country

In 2019, the average hand tools import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period from 2007 to 2019, 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% y-o-y. The import price peaked at $X per tonne in 2018, and then fell slightly in the following year.

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

From 2007 to 2019, 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

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 accounting for 35% of global consumption. Italy, Germany, the UK, Brazil, Russia, France, Canada, Viet Nam, South Korea and Indonesia lagged somewhat behind, together comprising a further 25%.

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

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The country with the largest volume of hand tools production was China (1.7M tonnes), 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. 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 Switzerland?

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In value terms, Germany ($89M) constituted the largest supplier of hand tools to Switzerland, comprising 40% of total imports. The second position in the ranking was occupied by China ($39M), with a 17% share of total imports. It was followed by Austria, with a 8.5% share.

What are the leading importers of hand tools from Switzerland?

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In value terms, Germany ($187M), the U.S. ($146M) and Singapore ($47M) were the largest markets for hand tools exported from Switzerland worldwide, with a combined 50% share of total exports. France, China, Russia, Poland, Canada, Viet Nam, Australia, Thailand and Indonesia lagged somewhat behind, together comprising a further 22%.

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

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In 2019, the average hand tools export price amounted to $31,289 per tonne, growing by 6.3% against the previous year.

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

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In 2019, the average hand tools import price amounted to $9,664 per tonne, reducing by -4.6% against the previous year.