EU: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in the EU

In 2023, the EU market for pneumatic or hydraulic hand tools decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a mild descent. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in the EU

In value terms, pneumatic or hydraulic hand tool production surged to $X in 2023 estimated in export price. Overall, production, however, recorded a pronounced slump. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

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Exports of Pneumatic Or Hydraulic Hand Tools

Exports in the EU

In 2023, approx. X units of pneumatic or hydraulic hand tools were exported in the European Union; waning by X% compared with the year before. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool exports declined modestly to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the eight major exporters of pneumatic or hydraulic hand tools, namely Germany, Sweden, the Netherlands, Spain, Belgium, Poland, Italy and France, represented more than two-thirds of total export. The Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic or hydraulic hand tool supplying countries in the European Union were Germany ($X), Sweden ($X) and the Netherlands ($X), together accounting for X% of total exports. Belgium, Italy, France, Spain, Poland and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per unit, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports in the EU

In 2023, the amount of pneumatic or hydraulic hand tools imported in the European Union contracted rapidly to X units, which is down by X% compared with the previous year's figure. Total imports indicated mild growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports fell markedly to $X in 2023. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, France (X units), Germany (X units), Italy (X units), Poland (X units), Belgium (X units), Spain (X units), the Netherlands (X units) and Romania (X units) was the main importer of pneumatic or hydraulic hand tools in the European Union, achieving X% of total import. The Czech Republic (X units), Greece (X units), Bulgaria (X units), Sweden (X units) and Austria (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic or hydraulic hand tool importing markets in the European Union were France ($X), Germany ($X) and Italy ($X), together accounting for X% of total imports. Belgium, Poland, the Netherlands, Spain, Sweden, the Czech Republic, Austria, Romania, Greece and Bulgaria lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in the European Union stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price, however, saw a pronounced curtailment. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform