Switzerland: Hand Tools Market Overview 2021

Hand Tools Market Size in Switzerland

The Swiss hand tools market stood at $X in 2019, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern.

Hand Tools Exports

Exports from Switzerland

In 2020, shipments abroad of hand tools was finally on the rise to reach X tonnes after two years of decline. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, hand tools exports expanded modestly to $X in 2020. The total export value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2020, 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.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore, while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Singapore ($X) constituted the largest markets for hand tools exported from Switzerland worldwide, with a combined X% share of total exports.

Among the main countries of destination, Singapore recorded the highest rates of growth with regard to 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 2020, the average hand tools export price amounted to $X per tonne, remaining constant against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, 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 2020, 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

In 2020, approx. X tonnes of hand tools were imported into Switzerland; declining by -X% on the previous year. In general, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, hand tools imports dropped to $X in 2020. Over the period under review, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

China (X tonnes), Germany (X tonnes) and Taiwan (Chinese) (X tonnes) were the main suppliers of hand tools imports to Switzerland, together comprising X% of total imports. These countries were followed by Austria, France, Italy, Turkey, the U.S., India and Mexico, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (+X% per year), while imports for the other leaders experienced more modest paces of growth.

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 2020, the average annual growth rate 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

The average hand tools import price stood at $X per tonne in 2020, leveling off at the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, 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 Platform

Frequently Asked Questions (FAQ) :

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

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Free Zones (371 tonnes) remains the largest hand tools producing country worldwide, accounting for 100% of total volume.

What are the leading suppliers of hand tools to Switzerland?

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In value terms, Germany ($86M) constituted the largest supplier of hand tools to Switzerland, comprising 39% of total imports. The second position in the ranking was occupied by China ($40M), with a 18% share of total imports. It was followed by Austria, with a 7.7% share.

What are the leading importers of hand tools from Switzerland?

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In value terms, the largest markets for hand tools exported from Switzerland were the U.S. ($207M), Germany ($179M) and Singapore ($44M), with a combined 53% share of total exports.

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

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The average hand tools export price stood at $31,366 per tonne in 2020, remaining relatively unchanged against the previous year.

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

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The average hand tools import price stood at $9,809 per tonne in 2020, stabilizing at the previous year.