Hand Tools Market Overview in Switzerland
In value terms, hand tools production rose markedly to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2010 when the production volume increased by % against the previous year. Over the period under review, production reached the peak level in 2019 and is likely to see gradual growth in the immediate term.
The revenue of the hand tools market in Switzerland expanded modestly to $ in 2019, growing 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). In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by % against the previous year. Hand tools consumption peaked in 2019 and is likely to continue growth in the near future.