Global Household Hand Tools Market 2024

Household Hand Tools Market Size

The global household hand tools market fell to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Household Hand Tools Production

In value terms, household hand tools production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Household Hand Tools Exports

Exports

After five years of growth, shipments abroad of household hand tools decreased by X% to X tons in 2022. In general, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank modestly in the following year.

In value terms, household hand tools exports dropped to $X in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined slightly in the following year.

Exports by Country

China dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. The Netherlands (X tons), Germany (X tons), the United Arab Emirates (X tons) and the United States (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to household hand tools exports from China stood at X%. At the same time, the United Arab Emirates (X%), the Netherlands (X%) and Germany (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The United States experienced a relatively flat trend pattern. From 2012 to 2022, the share of China, the United Arab Emirates and the Netherlands increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest household hand tools supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Germany ($X), with a X% share of global exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and the United States (X% per year).

Export Prices by Country

The average household hand tools export price stood at $X per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced mixed trends in the export price figures.

Household Hand Tools Imports

Imports

In 2022, overseas purchases of household hand tools decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, household hand tools imports dropped to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, the United States (X tons), distantly followed by Germany (X tons) and Spain (X tons) were the major importers of household hand tools, together constituting X% of total imports. France (X tons), El Salvador (X tons), the Netherlands (X tons), Russia (X tons), Brazil (X tons), the UK (X tons), Poland (X tons), Malaysia (X tons), Belgium (X tons) and Italy (X tons) took a relatively small share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, El Salvador (X%), Malaysia (X%), Poland (X%), Brazil (X%), Belgium (X%), Spain (X%), the Netherlands (X%), Germany (X%) and Italy (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. France and Russia experienced a relatively flat trend pattern. By contrast, the UK (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.), El Salvador (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the UK (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Poland, France, the Netherlands, Italy, Belgium, the UK, Russia, El Salvador, Brazil and Malaysia lagged somewhat behind, together accounting for a further X%.

El Salvador, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average household hand tools import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :