Which Countries Import the Most Hand Tools?

Cutlery, Hand Tools And General Hardware February 07, 2017
Author: Irina Andreeva
Market Analyst

hand tool market

Photo: © ueuaphoto / Bigstockphoto

In 2015, the value of total imports on the global hand tool market stood at 17,183 million USD. In physical terms, the total volume of hand tools dropped to 2,155 thousand tonnes in 2015, which was 1,115 thousand tonnes (6%) less than the year before.

According to market research conducted by IndexBox, in 2015, the U.S. (3,349 million USD) and Germany (1,332 million USD) were the main destinations of hand tool imports, together making up 27% of total imports. They were followed by the UK (5%), France (4%), Canada (4%), the Netherlands (3%), and China (3%).

From 2007 to 2015, China (+5.9% per year) and the U.S. (+4.0%) had the highest growth rates of imports. They were followed by Germany (+1.9% per year). The UK showed negative dynamics, dropping by -1.0% over the last five years.

The U.S and China (+1 percentage points) slightly strengthened their positions in the global import structure, while the other countries saw their shares reduced from 2007 to 2015. The UK's share showed the largest decline (-2 percentage points).

Top 5 hand tool importing countries in 2015

Do you want to know more about the global hand tool market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • hand tool market share
  • hand tool prices
  • hand tool industry
  • hand tool sales
  • hand tool market forecast
  • hand tool price forecast
  • key hand tool producers

Source: World: Hand Tools - Market Report. Analysis and Forecast to 2025