Hand Tools Market Overview in the Netherlands
Market Overview
The Dutch hand tools market soared to $
in 2019, picking up 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). Overall, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.
In value terms, hand tools production expanded sharply to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. Hand tools production peaked in 2019 and is expected to retain growth in years to come.
in 2019, picking up 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). Overall, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.In value terms, hand tools production expanded sharply to $
in 2019 estimated in export prices. Over the period under review, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. Hand tools production peaked in 2019 and is expected to retain growth in years to come.Consumption
Hand tools consumption in the Netherlands soared to tonnes in 2019, with an increase of % against the year before. Overall, consumption, however, showed a relatively flat trend pattern. Hand tools consumption peaked at tonnes in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
The revenue of the hand tools market in the Netherlands surged to $ in 2019, with an increase of % 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, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the market value increased by % against the previous year. Hand tools consumption peaked at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
tonnes in 2019, with an increase of % against the year before. Overall, consumption, however, showed a relatively flat trend pattern. Hand tools consumption peaked at tonnes in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.The revenue of the hand tools market in the Netherlands surged to $
in 2019, with an increase of % 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, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the market value increased by % against the previous year. Hand tools consumption peaked at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.Market Forecast
Depressed by shrinking demand for hand tools in the Netherlands, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the Netherlands increased significantly over the last twelve-year period (from % to %).
% to %).Trade Balance
The Netherlands remains a net importer of hand tools; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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