Price for Hand-Operated Spanners and Wrenches in Portugal - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Portugal (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Portugal (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Portugal
- Exports of Hand-Operated Spanners and Wrenches in Portugal
Price for Hand-Operated Spanners and Wrenches in Portugal (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $11,108 per ton in 2022, jumping by 17% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $11,235 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($22,923 per ton), while the price for India ($6,510 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Portugal (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $13,886 per ton in 2022, increasing by 2.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 14%. Over the period under review, the average export prices reached the peak figure at $14,521 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($37,045 per ton), while the average price for exports to Andorra ($2,569 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Portugal
Hand-operated spanners and wrenches imports into Portugal expanded sharply to 1.3K tons in 2022, surging by 10% against the previous year's figure. Overall, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, hand-operated spanners and wrenches imports skyrocketed to $14M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Hand-Operated Spanners and Wrenches in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.5 | 1.5 | 2.0 | 4.1 | 17.9% |
| China | 0.9 | 0.9 | 1.3 | 2.0 | 30.5% |
| Spain | 1.7 | 1.5 | 1.5 | 2.0 | 5.6% |
| France | 1.9 | 1.6 | 1.7 | 1.8 | -1.8% |
| Netherlands | 1.7 | 1.0 | 1.3 | 1.4 | -6.3% |
| Italy | 1.0 | 0.8 | 1.2 | 1.2 | 6.3% |
| Taiwan (Chinese) | 0.6 | 0.4 | 0.8 | 0.7 | 5.3% |
| India | 0.2 | 0.2 | 0.5 | 0.4 | 26.0% |
| Others | 0.8 | 0.7 | 0.8 | 0.8 | 0.0% |
| Total | 11.2 | 8.5 | 11.2 | 14.4 | 8.7% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Portugal in 2022:
- Germany (380.1 tons)
- China (278.0 tons)
- Netherlands (148.8 tons)
- Spain (129.8 tons)
- France (120.3 tons)
- India (61.4 tons)
- Italy (50.8 tons)
- Taiwan (Chinese) (44.4 tons)
Exports of Hand-Operated Spanners and Wrenches in Portugal
In 2022, shipments abroad of hand-operated spanners and wrencheses decreased by -8.1% to 122 tons, falling for the second year in a row after two years of growth. In general, exports showed a noticeable slump. The pace of growth appeared the most rapid in 2020 with an increase of 52%. As a result, the exports attained the peak of 215 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, hand-operated spanners and wrenches exports contracted to $1.7M in 2022. Overall, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +4.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -33.8% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 70% against the previous year. As a result, the exports attained the peak of $2.6M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Hand-Operated Spanners and Wrenches in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 631 | 414 | 631 | 673 | 2.2% |
| Spain | 481 | 1,691 | 631 | 534 | 3.5% |
| France | 27.8 | 24.1 | 53.3 | 85.6 | 45.5% |
| Germany | 23.6 | 113 | 94.1 | 63.3 | 38.9% |
| Cabo Verde | 73.2 | 34.8 | 53.4 | 39.8 | -18.4% |
| Mozambique | 92.6 | 35.7 | 63.4 | 37.6 | -25.9% |
| Italy | 24.5 | 19.6 | 31.2 | 29.1 | 5.9% |
| Malta | 5.3 | 10.7 | 11.4 | 19.0 | 53.0% |
| Chile | 0.4 | 1.2 | N/A | 12.0 | 210.7% |
| Andorra | N/A | N/A | N/A | 5.3 | 0% |
| Others | 147 | 222 | 239 | 200 | 10.8% |
| Total | 1,507 | 2,566 | 1,808 | 1,698 | 4.1% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Portugal in 2022:
- Angola (43.2 tons)
- Spain (43.2 tons)
- France (5.2 tons)
- Cabo Verde (3.7 tons)
- Chile (3.4 tons)
- Malta (2.5 tons)
- Germany (2.5 tons)
- Italy (2.1 tons)
- Andorra (2.0 tons)
- Mozambique (2.0 tons)
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