In 2023, Germany dominated the European export market for metal cutting shears and similar hand tools, holding 42.42% of the total share by weight, followed by Belgium at 11.78% and Italy at 8.79%. Germany experienced a significant year-on-year growth rate of 11%, with notable increases also seen in the Netherlands and Sweden at 8.94% and 13.12%, respectively. Conversely, Italy and France saw declines of -8.68% and -4.72%, indicating shifting market dynamics. Over the past five years, the compound annual growth rate for several countries indicates steady growth, notably in Ireland and Estonia, with rates exceeding 30%.
Future trends to watch include Germany's stronghold in this sector likely consolidating further, given its consistent growth. Emerging markets, such as Luxembourg and Ireland, might see increased competitiveness due to their rapid growth rates, potentially altering the export landscape. Technological advancements and sustainability efforts could also influence production and export strategies across European countries.
Top countries in Export of Metal Cutting Shears and Similar Hand Tools Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 42.42 | 2023 | +1.78% | +11% | View data |
| 2 | 2 Belgium | 11.78 | 2023 | +2.64% | +3.5% | View data |
| 3 | 3 Italy | 8.79 | 2023 | -19.98% | -8.68% | View data |
| 4 | 4 Netherlands | 7.82 | 2023 | +3.53% | +8.94% | View data |
| 5 | 5 Poland | 4.93 | 2023 | -0.62% | +0.18% | View data |
| 6 | 6 Austria | 4.28 | 2023 | +2.9% | +2.11% | View data |
| 7 | 7 Romania | 3.86 | 2023 | +1.87% | +1.19% | View data |
| 8 | 8 France | 2.6 | 2023 | -2.02% | -4.72% | View data |
| 9 | 9 United Kingdom | 2.2 | 2023 | -3.89% | -4.16% | View data |
| 10 | 10 Slovenia | 2.07 | 2023 | -2.93% | -3.44% | View data |
