In 2023, Germany led the European import market for electromechanical hand drills operated without an external power source, followed closely by the Netherlands and Belgium. Noteworthy year-on-year import increases were observed in the Netherlands at 21.21%, Hungary at 19.64%, and Austria at 12.51%, while the UK experienced a slight decline of 3.11%. Smaller markets like Lithuania and Latvia showed mixed dynamics with marginal declines. Over the last five years, countries such as the Netherlands, Hungary, and Slovenia have seen significant growth, indicating a positive compound annual growth rate trend.
Future trends to watch include:
- The growing demand in Eastern European markets, potentially driven by increasing manufacturing activities.
- Potential declines in markets like the UK, possibly due to economic uncertainties.
- Technological advancements and eco-conscious choices influencing demand patterns.
Top countries in Import of Electromechanical Hand Drills Operated without an External Source of Power by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,779,400 | 2023 | +3.45% | +2.62% | View data |
| 2 | 2 Netherlands | 5,729,600 | 2023 | +16.82% | +21.21% | View data |
| 3 | 3 Belgium | 4,021,300 | 2023 | +14.9% | +10.46% | View data |
| 4 | 4 France | 3,522,600 | 2023 | +3.43% | +3.91% | View data |
| 5 | 5 Austria | 2,382,500 | 2023 | +5.82% | +12.51% | View data |
| 6 | 6 Poland | 2,260,900 | 2023 | +4.48% | +8.23% | View data |
| 7 | 7 United Kingdom | 2,065,700 | 2023 | -0.073% | -3.11% | View data |
| 8 | 8 Spain | 1,937,900 | 2023 | +2.39% | +9.04% | View data |
| 9 | 9 Italy | 1,161,000 | 2023 | +3.83% | +1.82% | View data |
| 10 | 10 Hungary | 1,060,900 | 2023 | +6.16% | +19.64% | View data |
