United Kingdom: Overview of the Market for Pneumatic Or Hydraulic Hand Tools 2021

Market Size for Pneumatic Or Hydraulic Hand Tools in the UK

The UK market for pneumatic or hydraulic hand tools fell slightly to $X in 2020, waning by -X% against the previous year. In general, consumption showed a pronounced descent. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in the UK

In value terms, pneumatic or hydraulic hand tool production contracted to $X in 2020 estimated in export prices. Overall, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from the UK

In 2020, pneumatic or hydraulic hand tool exports from the UK fell markedly to X tonnes, waning by -X% against 2019. Over the period under review, exports saw a slight shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, pneumatic or hydraulic hand tool exports contracted to $X in 2020. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Ireland (X tonnes) was the main destination for pneumatic or hydraulic hand tool exports from the UK, accounting for a X% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Ireland exceeded the volume sent to the second major destination, the Netherlands (X tonnes), twofold. The third position in this ranking was occupied by Belgium (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Ireland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Belgium (-X% per year).

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from the UK were Ireland ($X), Belgium ($X) and the U.S. ($X), together comprising X% of total exports. The Netherlands, Russia, Germany, France, the United Arab Emirates, Poland, China, Spain, Italy and South Africa lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Russia saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average export price for pneumatic or hydraulic hand tools amounted to $X per tonne, picking up by X% against the previous year. Overall, the export price, however, recorded a perceptible decline. Over the period under review, average export prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

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

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into the UK

In 2020, supplies from abroad of pneumatic or hydraulic hand tools decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. In general, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, pneumatic or hydraulic hand tool imports contracted to $X in 2020. Over the period under review, imports recorded a perceptible setback. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest pneumatic or hydraulic hand tool supplier to the UK, with a X% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), fivefold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and the U.S. (-X% per year).

In value terms, the largest pneumatic or hydraulic hand tool suppliers to the UK were China ($X), Germany ($X) and the U.S. ($X), with a combined X% share of total imports. These countries were followed by Sweden, Italy, Belgium, the Netherlands and Taiwan (Chinese), which together accounted for a further X recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per tonne in 2020, leveling off at the previous year. Overall, the import price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2010; however, from 2011 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 Germany ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., 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 markets for pneumatic or hydraulic hand tools in the world?

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The countries with the highest volumes of pneumatic or hydraulic hand tool consumption in 2020 were China (133K tonnes), the U.S. (78K tonnes) and Japan (31K tonnes), together accounting for 29% of global consumption. Russia, Nigeria, Indonesia, Pakistan, Germany, Bangladesh, Mexico and Ethiopia lagged somewhat behind, together comprising a further 20%.

What are the largest producers of pneumatic or hydraulic hand tools in the world?

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China (279K tonnes) constituted the country with the largest volume of pneumatic or hydraulic hand tool production, comprising approx. 34% of total volume. Moreover, pneumatic or hydraulic hand tool production in China exceeded the figures recorded by the second-largest producer, the U.S. (46K tonnes), sixfold. Japan (34K tonnes) ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of pneumatic or hydraulic hand tools to the UK?

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In value terms, the largest pneumatic or hydraulic hand tool suppliers to the UK were China ($51M), Germany ($40M) and the U.S. ($23M), together accounting for 68% of total imports. These countries were followed by Sweden, Italy, Belgium, the Netherlands and Taiwan (Chinese), which together accounted for a further 21%.

What are the leading importers of pneumatic or hydraulic hand tools from the UK?

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In value terms, the largest markets for pneumatic or hydraulic hand tool exported from the UK were Ireland ($9.3M), Belgium ($6.7M) and the U.S. ($6.5M), together comprising 30% of total exports. These countries were followed by the Netherlands, Russia, Germany, France, the United Arab Emirates, Poland, China, Spain, Italy and South Africa, which together accounted for a further 39%.

What is the average export price for pneumatic or hydraulic hand tools in the UK?

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The average export price for pneumatic or hydraulic hand tools stood at $34,674 per tonne in 2020, rising by 18% against the previous year.

What is the average import price for pneumatic or hydraulic hand tools in the UK?

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In 2020, the average import price for pneumatic or hydraulic hand tools amounted to $18,496 per tonne, standing approx. at the previous year.