United Kingdom - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInterchangeable Spanner Socket Price in the UK - 2023
Contents:
- Interchangeable Spanner Socket Price in the UK (CIF) - 2023
- Interchangeable Spanner Socket Price in the UK (FOB) - 2022
- Interchangeable Spanner Socket Imports in the UK
- Interchangeable Spanner Socket Exports in the UK
Interchangeable Spanner Socket Price in the UK (CIF) - 2023
In August 2023, the average interchangeable spanner socket import price amounted to $10,087 per ton, declining by -19.4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 262% against the previous month. As a result, import price reached the peak level of $35,140 per ton. From December 2022 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($116K per ton), while the price for China ($6,230 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Interchangeable Spanner Socket Price in the UK (FOB) - 2022
The average interchangeable spanner socket export price stood at $29,589 per ton in 2022, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($95,561 per ton), while the average price for exports to Belgium ($9,676 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 Australia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Interchangeable Spanner Socket Imports in the UK
In 2022, imports of interchangeable spanner sockets into the UK shrank to 5.7K tons, falling by -7.9% against 2021. In general, imports recorded a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports reached the peak of 6.1K tons, and then reduced in the following year.
In value terms, interchangeable spanner socket imports fell to $58M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $62M, and then shrank in the following year.
| Import of Interchangeable Spanner Socket in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.4 | 16.6 | 22.2 | 23.7 | 10.8% |
| Taiwan (Chinese) | 14.7 | 11.4 | 15.6 | 21.3 | 13.2% |
| United States | 7.3 | 6.2 | 8.2 | 7.3 | 0.0% |
| Germany | 7.5 | 6.1 | 5.3 | 1.7 | -39.0% |
| France | 2.6 | 2.3 | 2.6 | 0.3 | -51.3% |
| Netherlands | 3.3 | 3.0 | 3.8 | 0.1 | -68.8% |
| Others | 4.8 | 4.7 | 3.9 | 3.7 | -8.3% |
| Total | 57.5 | 50.4 | 61.5 | 58.2 | 0.4% |
Top Suppliers of Interchangeable Spanner Socket to the UK in 2022:
- China (3346.7 tons)
- Taiwan (Chinese) (1802.0 tons)
- United States (156.0 tons)
- Germany (74.7 tons)
- France (13.4 tons)
- Netherlands (13.0 tons)
Interchangeable Spanner Socket Exports in the UK
Interchangeable spanner socket exports from the UK fell dramatically to 598 tons in 2022, waning by -24.3% compared with 2021 figures. Over the period under review, exports saw a abrupt decrease. The smallest decline of -8.6% was in 2021.
In value terms, interchangeable spanner socket exports contracted dramatically to $18M in 2022. In general, exports recorded a noticeable decline. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year. As a result, the exports reached the peak of $21M, and then contracted dramatically in the following year.
| Export of Interchangeable Spanner Socket in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 2,112 | 2,244 | 2,547 | 2,229 | 1.8% |
| Germany | 2,235 | 2,401 | 1,964 | 1,933 | -4.7% |
| Netherlands | 667 | 820 | 2,407 | 1,910 | 42.0% |
| United States | 1,076 | 1,580 | 1,417 | 1,677 | 15.9% |
| Australia | 1,016 | 636 | 693 | 1,338 | 9.6% |
| Italy | 767 | 682 | 515 | 867 | 4.2% |
| France | 1,459 | 1,648 | 1,231 | 624 | -24.7% |
| South Africa | 313 | 784 | 1,066 | 537 | 19.7% |
| Qatar | 85.5 | 39.4 | 39.5 | 508 | 81.1% |
| Poland | 644 | 492 | 469 | 395 | -15.0% |
| Denmark | 641 | 456 | 694 | 355 | -17.9% |
| Sweden | 217 | 335 | 657 | 329 | 14.9% |
| Belgium | 429 | 458 | 243 | 305 | -10.7% |
| Others | 7,170 | 6,282 | 6,916 | 4,699 | -13.1% |
| Total | 18,832 | 18,856 | 20,858 | 17,705 | -2.0% |
Top Export Markets for Interchangeable Spanner Socket from the UK in 2022:
- Ireland (130.7 tons)
- Netherlands (64.3 tons)
- France (33.6 tons)
- Germany (33.5 tons)
- Belgium (31.5 tons)
- United States (21.0 tons)
- Sweden (19.9 tons)
- Poland (17.9 tons)
- Italy (17.8 tons)
- South Africa (16.5 tons)
- Qatar (14.1 tons)
- Australia (14.0 tons)
- Denmark (12.7 tons)
This report provides an in-depth analysis of the interchangeable spanner socket market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25733037 - Interchangeable spanner sockets
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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