Hand Tools Market Overview in Switzerland
Market Overview
For the fourth year in a row, the Swiss hand tools market recorded growth in sales value, which increased by 
% to $ in 2019. Overall, consumption, however, continues to indicate 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 expected to retain growth in years to come.
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.
% to $ in 2019. Overall, consumption, however, continues to indicate 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 expected to retain growth in years to come.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.Consumption
In 2019, hand tools consumption in Switzerland rose sharply to tonnes, with an increase of % compared with 2018. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of % year-to-year. Over the period under review, consumption attained the peak volume at tonnes in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
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.
tonnes, with an increase of % compared with 2018. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of % year-to-year. Over the period under review, consumption attained the peak volume at tonnes in 2007; however, from 2008 to 2019, consumption remained at a lower figure.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.Market Forecast
Driven by rising demand for hand tools in Switzerland, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in 2019. Switzerland domestic supply is expected to continue its growth.
% in 2007 to % in 2019. Switzerland domestic supply is expected to continue its growth.Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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