Switzerland: Hand Tools Market 2024

Hand Tools Market Size in Switzerland

The Swiss hand tools market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Hand Tools Production in Switzerland

In value terms, hand tools production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded significant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Hand Tools Exports

Exports from Switzerland

After five years of growth, overseas shipments of hand tools decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, hand tools exports contracted modestly to $X in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main destinations of hand tools exports from Switzerland, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand tools exported from Switzerland were the United States ($X), Germany ($X) and China ($X), together accounting for X% of total exports. Singapore, France, Austria, Italy, Poland, Indonesia, Russia, Belgium and India lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Singapore, with a CAGR of X%, 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

The average hand tools export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Switzerland

In 2022, overseas purchases of hand tools decreased by less than X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hand tools imports fell to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of hand tools imports to Switzerland, together comprising X% of total imports. Italy, Austria, France, Turkey, the United States and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Taiwan (Chinese) ($X) were the largest hand tools suppliers to Switzerland, together accounting for X% of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average hand tools import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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