Price for Hand-Operated Spanners and Wrenches in Bulgaria - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Bulgaria (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Bulgaria (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Bulgaria
- Exports of Hand-Operated Spanners and Wrenches in Bulgaria
Price for Hand-Operated Spanners and Wrenches in Bulgaria (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $7,177 per ton in 2022, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2018 an increase of 25% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($17,871 per ton), while the price for China ($3,858 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Bulgaria (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $10,283 per ton in 2022, picking up by 9.2% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 increased by +102.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 41%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($12,913 per ton), while the average price for exports to Iraq ($2,500 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 Bosnia and Herzegovina (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Bulgaria
In 2022, the amount of hand-operated spanners and wrencheses imported into Bulgaria skyrocketed to 1.3K tons, picking up by 22% compared with 2021. The total import volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, hand-operated spanners and wrenches imports skyrocketed to $9.1M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.1% 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 +58.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hand-Operated Spanners and Wrenches in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,514 | 1,306 | 1,600 | 2,578 | 19.4% |
| Taiwan (Chinese) | 1,450 | 1,426 | 1,445 | 2,021 | 11.7% |
| Germany | 1,528 | 1,155 | 1,020 | 1,622 | 2.0% |
| Austria | 583 | 496 | 560 | 661 | 4.3% |
| India | 333 | 326 | 477 | 625 | 23.4% |
| Poland | 203 | 298 | 480 | 554 | 39.7% |
| Czech Republic | 134 | 161 | 248 | 62.0 | -22.7% |
| Others | 700 | 560 | 700 | 948 | 10.6% |
| Total | 6,447 | 5,727 | 6,531 | 9,071 | 12.1% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Bulgaria in 2022:
- China (668.2 tons)
- Taiwan (Chinese) (163.9 tons)
- Germany (137.4 tons)
- India (134.3 tons)
- Poland (66.9 tons)
- Austria (37.0 tons)
- Czech Republic (4.9 tons)
Exports of Hand-Operated Spanners and Wrenches in Bulgaria
In 2022, after two years of decline, there was significant growth in shipments abroad of hand-operated spanners and wrencheses, when their volume increased by 36% to 72 tons. The total export volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hand-operated spanners and wrenches exports soared to $739K in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +60.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hand-Operated Spanners and Wrenches in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 142 | 107 | 121 | 178 | 7.8% |
| Serbia | 64.8 | 75.4 | 85.8 | 152 | 32.9% |
| Germany | 13.7 | 11.1 | 10.6 | 96.3 | 91.6% |
| Greece | 30.5 | 40.3 | 49.5 | 63.3 | 27.6% |
| North Macedonia | 43.0 | 87.0 | 34.3 | 23.7 | -18.0% |
| Bosnia and Herzegovina | 8.2 | 3.2 | 14.2 | 22.3 | 39.6% |
| Kosovo | N/A | 5.4 | 14.2 | 19.6 | 90.5% |
| Georgia | 8.9 | 3.8 | 9.0 | 15.9 | 21.3% |
| Turkey | 24.6 | 22.9 | 6.1 | 14.3 | -16.5% |
| Slovenia | 14.4 | 11.5 | 10.8 | 13.5 | -2.1% |
| Montenegro | 5.2 | 5.6 | 7.4 | 12.0 | 32.1% |
| Iraq | N/A | N/A | N/A | 6.3 | 0% |
| Others | 136 | 88.8 | 135 | 122 | -3.6% |
| Total | 491 | 462 | 498 | 739 | 14.6% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Bulgaria in 2022:
- Romania (22.0 tons)
- Serbia (15.6 tons)
- Germany (7.5 tons)
- Greece (5.3 tons)
- North Macedonia (3.0 tons)
- Bosnia and Herzegovina (2.7 tons)
- Iraq (2.5 tons)
- Georgia (1.9 tons)
- Kosovo (1.9 tons)
- Montenegro (1.7 tons)
- Turkey (1.5 tons)
- Slovenia (1.3 tons)
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