Price for Hand-Operated Spanners and Wrenches in Belgium - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Belgium (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Belgium (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Belgium
- Exports of Hand-Operated Spanners and Wrenches in Belgium
Price for Hand-Operated Spanners and Wrenches in Belgium (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $13,376 per ton in 2022, with an increase of 10% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 45% against the previous year. The import price peaked at $15,000 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($29,261 per ton), while the price for India ($6,375 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Belgium (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $15,350 per ton, therefore, remained relatively stable against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand-operated spanners and wrenches export price decreased by -30.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 17% against the previous year. The export price peaked at $21,944 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($21,993 per ton), while the average price for exports to Poland ($7,023 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 Italy (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Belgium
In 2022, purchases abroad of hand-operated spanners and wrencheses decreased by -7.8% to 5.8K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.3% 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 +61.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 33%.
In value terms, hand-operated spanners and wrenches imports totaled $78M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +46.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Hand-Operated Spanners and Wrenches in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.4 | 11.9 | 16.7 | 17.9 | 40.9% |
| Taiwan (Chinese) | 4.8 | 7.2 | 10.9 | 13.8 | 42.2% |
| Netherlands | 7.2 | 7.5 | 8.8 | 8.3 | 4.9% |
| France | 6.9 | 6.8 | 8.1 | 7.4 | 2.4% |
| Germany | 8.0 | 7.8 | 8.9 | 7.0 | -4.4% |
| Sweden | 6.7 | 4.6 | 5.4 | 5.9 | -4.1% |
| India | 0.2 | 2.0 | 2.4 | 3.3 | 154.6% |
| Others | 13.0 | 14.5 | 16.0 | 14.6 | 3.9% |
| Total | 53.4 | 62.2 | 77.1 | 78.2 | 13.6% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Belgium in 2022:
- China (2265.3 tons)
- Taiwan (Chinese) (1114.1 tons)
- Netherlands (679.4 tons)
- India (514.9 tons)
- Germany (392.6 tons)
- France (290.8 tons)
- Sweden (202.3 tons)
Exports of Hand-Operated Spanners and Wrenches in Belgium
In 2022, the amount of hand-operated spanners and wrencheses exported from Belgium surged to 4.6K tons, picking up by 19% against 2021. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 82%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, hand-operated spanners and wrenches exports skyrocketed to $71M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 40% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Hand-Operated Spanners and Wrenches in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.9 | 13.2 | 17.3 | 21.1 | 62.7% |
| Germany | 7.8 | 7.8 | 9.2 | 9.8 | 7.9% |
| Italy | 1.7 | 3.0 | 4.0 | 6.2 | 53.9% |
| Spain | 1.3 | 2.7 | 3.8 | 4.8 | 54.6% |
| Netherlands | 3.1 | 3.9 | 4.5 | 4.7 | 14.9% |
| Sweden | 1.4 | 1.2 | 1.8 | 3.0 | 28.9% |
| Poland | 2.0 | 2.3 | 3.0 | 2.3 | 4.8% |
| United Kingdom | 2.7 | 3.2 | 1.8 | 1.7 | -14.3% |
| Democratic Republic of the Congo | 0.4 | 0.4 | 0.4 | 1.5 | 55.4% |
| Portugal | 0.2 | 0.7 | 1.0 | 1.4 | 91.3% |
| Greece | 0.2 | 0.3 | 0.3 | 0.9 | 65.1% |
| Romania | 0.2 | 0.8 | 0.9 | 0.8 | 58.7% |
| Others | 10.7 | 11.6 | 12.3 | 13.1 | 7.0% |
| Total | 36.5 | 51.1 | 60.4 | 71.3 | 25.0% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Belgium in 2022:
- France (1744.7 tons)
- Spain (542.7 tons)
- Germany (463.0 tons)
- Poland (329.0 tons)
- Italy (312.5 tons)
- Netherlands (213.6 tons)
- Sweden (144.0 tons)
- Democratic Republic of the Congo (115.3 tons)
- Portugal (104.3 tons)
- United Kingdom (100.0 tons)
- Greece (86.7 tons)
- Romania (77.9 tons)
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