Household hand tools market in Sweden

Earlier Report Observations

The market for household hand tools in Sweden, measured in volume, expanded from 1 491 tonnes in 2020 to 1 616 tonnes in 2023, before contracting to 1 515 tonnes in 2024. In value terms, the market peaked at $11.2 million in 2021 and then gradually fell to $10.3 million by 2024.

The increase in market volume through 2023 coincided with the introduction of the EU's deforestation legislation, which required proof that products do not originate from recently deforested land. This regulatory change likely encouraged domestic production, which rose from 159 tonnes in 2021 to 249 tonnes in 2023, helping to offset any constraints on imports.

Several new regulations took effect from January 1, 2024, including a shift in packaging waste collection responsibility from producer responsibility organizations to municipalities and mandatory separate collection of food waste by households. These measures increased compliance costs for market participants. At the same time, the persistently challenging conditions in the related household appliances market, where sales continued to decline, dampened overall demand for home improvement items. The period also saw an increase in new marketing and advertising firms entering the sector, intensifying competitive pressures.

Production household hand tools in Sweden

In value, 2017-2020, K $ US

Annual dynamics of production in Sweden in value, 2017-2020, K $ US

In kind, 2017-2020, t

Annual dynamics of production in Sweden in kind, 2017-2020, t

Exports household hand tools from Sweden

Exports in kind, t

After two years of decline, Sweden's exports of household hand tools in volume terms rebounded in 2020. That year, exports reached 256 tonnes, marking a solid 18.3% increase compared to 2019. However, looking at the broader 2017-2020 period, exports actually decreased by 42.4%, with a compound annual growth rate of -16.8%. The lowest point was in 2019, with exports at 217 tonnes. The sharpest drop occurred in 2018, when exports fell by 41.4%.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, t

From 2017 to 2020, Norway, Finland, and Denmark were the main destinations for Sweden's household hand tool exports in volume terms. Norway accounted for 37.1% of exports, Finland for 20.0%, and Denmark for 11.8%. Together, these three countries represented 68.9% of Sweden's total export volume for these tools.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Sweden in kind, 2017-2020

Exports in value, K $ US

Following a two-year decrease, Sweden's household hand tool exports in value terms saw growth in 2020. Exports amounted to 4 799 thousand US dollars that year, up by 26.8% compared to 2019. Over the 2017-2020 period, however, exports declined by 11.9%, with a compound annual growth rate of -4.1%. The minimum value was recorded in 2019 at 3 785 thousand US dollars. The largest decline happened in 2018, with a drop of 22.7%.

Annual dynamics of product's exports from Sweden in value, 2017-2020, K $ US

Between 2017 and 2020, Norway, Finland, and Denmark were the primary buyers of Swedish household hand tools in value terms. Norway made up 35.6% of export value, Finland 19.3%, and Denmark 11.0%. Collectively, these three markets accounted for 66.0% of Sweden's total export value for these products.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Sweden in value, 2017-2020

Imports household hand tools to Sweden

Imports in kind, t

Sweden's imports of household hand tools in volume terms increased for the second consecutive year in 2020. Imports totaled 1 594 tonnes, which is 5.7% higher than in 2019. Over the 2017-2020 period, imports grew by 33.2%, with a compound annual growth rate of 10.0%. The lowest volume was in 2018 at 1 078 tonnes. That same year saw the largest decline of 9.9%, while the biggest increase occurred in 2019 with a jump of 39.9%.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, t

From 2017 to 2020, three key markets—China, Germany, and Finland—together accounted for 67.5% of Sweden's total import volume of household hand tools.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Sweden in kind, 2017-2020

Imports in value, K $ US

Sweden's imports of household hand tools in value terms rose for the second year in a row in 2020. Imports reached 12 142 thousand US dollars, showing a modest increase of 5.6% compared to 2019. Over the 2017-2020 period, imports increased by 5.8%, with a compound annual growth rate of 1.9%. The minimum value was in 2018 at 11 100 thousand US dollars. That year also recorded the largest decline of 3.2%.

Annual dynamics of product's imports to Sweden in value, 2017-2020, K $ US

During 2017-2020, three major markets—China, Germany, and Denmark—dominated Sweden's imports of household hand tools in value terms, collectively representing 75.6% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Sweden in value, 2017-2020