Hand Tools Market Overview in Austria
In value terms, hand tools production dropped dramatically to $ in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a temperate expansion. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. Hand tools production peaked at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.
The revenue of the hand tools market in Austria shrank sharply to $ in 2019, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2008 when the market value increased by % y-o-y. Over the period under review, the market attained the maximum level at $ in 2018, and then shrank significantly in the following year.