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Belgium - Household Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHousehold Hand Tools Price in Belgium - 2023
Contents:
- Household Hand Tools Price in Belgium (CIF) - 2023
- Household Hand Tools Price in Belgium (FOB) - 2023
- Household Hand Tools Imports in Belgium
- Household Hand Tools Exports in Belgium
Household Hand Tools Price in Belgium (CIF) - 2023
In June 2023, the average household hand tools import price amounted to $10,445 per ton, picking up by 46% against the previous month. Overall, the import price, however, showed a perceptible descent. The growth pace was the most rapid in December 2022 an increase of 47% m-o-m. Over the period under review, average import prices reached the peak figure at $13,520 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($15,420 per ton), while the price for Poland ($746 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Household Hand Tools Price in Belgium (FOB) - 2023
The average household hand tools export price stood at $3,949 per ton in June 2023, with an increase of 62% against the previous month. Over the period under review, the export price saw a perceptible expansion. The most prominent rate of growth was recorded in July 2022 an increase of 279% against the previous month. Over the period under review, the average export prices attained the maximum at $11,252 per ton in October 2022; however, from November 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Portugal ($20,092 per ton), while the average price for exports to Spain ($1,721 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Household Hand Tools Imports in Belgium
In 2022, purchases abroad of household hand tools decreased by -2.8% to 3.5K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 59% against the previous year.
In value terms, household hand tools imports dropped modestly to $37M in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 59%.
Import of Household Hand Tools in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.1 | 12.0 | 17.0 | 18.8 | 66.1% |
Netherlands | 7.6 | 7.2 | 9.1 | 8.9 | 5.4% |
Germany | 2.4 | 2.6 | 3.2 | 3.3 | 11.2% |
France | 1.6 | 1.7 | 2.4 | 1.8 | 4.0% |
Others | 1.4 | 3.7 | 5.3 | 4.1 | 43.1% |
Total | 17.1 | 27.1 | 37.0 | 36.9 | 29.2% |
Top Suppliers of Household Hand Tools to Belgium in 2022:
- China (1697.2 tons)
- Netherlands (1261.3 tons)
- Germany (189.7 tons)
- France (170.1 tons)
Household Hand Tools Exports in Belgium
For the fourth consecutive year, Belgium recorded growth in overseas shipments of household hand tools, which increased by 7% to 2.1K tons in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 163%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, household hand tools exports expanded sharply to $25M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 153%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
Export of Household Hand Tools in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 0.8 | 4.2 | 5.7 | 6.0 | 95.7% |
France | 2.6 | 5.6 | 5.6 | 5.1 | 25.2% |
Netherlands | 1.6 | 2.7 | 2.3 | 2.1 | 9.5% |
Cyprus | N/A | N/A | 0.1 | 1.7 | 1600.0% |
Poland | 0.1 | 1.9 | 1.4 | 1.6 | 152.0% |
Italy | 0.3 | 1.0 | 1.2 | 1.2 | 58.7% |
Portugal | 0.1 | 0.9 | 1.0 | 0.8 | 100.0% |
Others | 3.2 | 5.6 | 6.4 | 6.4 | 26.0% |
Total | 8.7 | 21.9 | 23.7 | 25.0 | 42.2% |
Top Export Markets for Household Hand Tools from Belgium in 2022:
- Germany (523.3 tons)
- France (448.7 tons)
- Netherlands (244.3 tons)
- Cyprus (225.9 tons)
- Poland (134.1 tons)
- Italy (116.7 tons)
- Portugal (77.0 tons)
This report provides an in-depth analysis of the household hand tools market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25733065 - Household hand tools
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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