Hand Tools Market Overview in Sweden
In value terms, hand tools production surged to $ in 2019 estimated in export prices. In general, production, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of % against the previous year. Hand tools production peaked at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.
The value of the hand tools market in Sweden reduced to $ in 2019, flattening at 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). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2008 when the market value increased by % year-to-year. Hand tools consumption peaked at $ in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.