In 2023, Germany, with a value of 41.368 million items, led European imports of power-driven hand tools, reflecting a 3.23% year-on-year change. The Netherlands followed closely, showing a significant increase of 15.27%, indicating strong demand. Other notable increases were in Belgium (8.93%) and Austria (11%). Meanwhile, Spain and Latvia recorded declines of 3.63% and 3.97%, respectively. Over the last five years, the compound annual growth rate (CAGR) suggested a steady increase, with Luxembourg notably rising by 20.44% in 2023.
Future trends to watch include:
- Potential growth in Germany due to industry resurgence.
- Increased investment in digital tools boosting imports in the Netherlands and Italy.
- Market expansion in Eastern European countries like Hungary and Romania.
- Brexit implications on the UK's import dynamics.
- Shifts in supply chain strategies that may influence overall import scenarios.
Top countries in Import of Power Driven Hand Tools by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41,368,000 | 2023 | +2.03% | +3.23% | View data |
| 2 | 2 Netherlands | 29,235,000 | 2023 | +10.95% | +15.27% | View data |
| 3 | 3 France | 21,606,000 | 2023 | +2.29% | +3.74% | View data |
| 4 | 4 Belgium | 20,555,000 | 2023 | +9.27% | +8.93% | View data |
| 5 | 5 United Kingdom | 15,153,000 | 2023 | +1.7% | +1.34% | View data |
| 6 | 6 Austria | 12,618,000 | 2023 | +6.88% | +11% | View data |
| 7 | 7 Poland | 11,903,000 | 2023 | +3.08% | +4.53% | View data |
| 8 | 8 Italy | 8,070,900 | 2023 | +1.08% | +4.26% | View data |
| 9 | 9 Spain | 7,737,800 | 2023 | +1.3% | -3.63% | View data |
| 10 | 10 Czechia | 6,276,500 | 2023 |
