Price for Hand-Operated Spanners and Wrenches in Denmark - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Denmark (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Denmark (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Denmark
- Exports of Hand-Operated Spanners and Wrenches in Denmark
Price for Hand-Operated Spanners and Wrenches in Denmark (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $22,040 per ton, jumping by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 the UK ($79,523 per ton), while the price for India ($7,479 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Denmark (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $24,746 per ton, which is down by -12.6% against the previous year. In general, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2014 an increase of 45% against the previous year. As a result, the export price reached the peak level of $44,972 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($134,627 per ton), while the average price for exports to Poland ($17,060 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 Finland (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Denmark
In 2022, imports of hand-operated spanners and wrencheses into Denmark reduced modestly to 1.4K tons, falling by -2.3% on the previous year. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 6.1%. As a result, imports attained the peak of 1.4K tons, and then dropped in the following year.
In value terms, hand-operated spanners and wrenches imports rose sharply to $31M in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hand-Operated Spanners and Wrenches in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.0 | 9.1 | 8.2 | 7.3 | -10.0% |
| Sweden | 3.3 | 3.9 | 4.9 | 5.6 | 19.3% |
| Netherlands | 4.6 | 4.5 | 5.1 | 5.1 | 3.5% |
| China | 2.1 | 2.2 | 2.5 | 2.8 | 10.1% |
| Taiwan (Chinese) | 2.6 | 1.8 | 2.1 | 2.4 | -2.6% |
| United Kingdom | 0.9 | 0.6 | 0.4 | 2.1 | 32.6% |
| France | 0.2 | 0.1 | 0.2 | 0.5 | 35.7% |
| India | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 1.8 | 1.7 | 3.4 | 5.1 | 41.5% |
| Total | 25.6 | 24.1 | 26.9 | 30.9 | 6.5% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Denmark in 2022:
- China (332.5 tons)
- Germany (272.0 tons)
- Netherlands (261.6 tons)
- Sweden (194.3 tons)
- Taiwan (Chinese) (174.6 tons)
- United Kingdom (26.4 tons)
- France (24.7 tons)
- India (15.4 tons)
Exports of Hand-Operated Spanners and Wrenches in Denmark
In 2022, approx. 1K tons of hand-operated spanners and wrencheses were exported from Denmark; rising by 27% against 2021 figures. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 91%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, hand-operated spanners and wrenches exports rose significantly to $25M in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 86%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Hand-Operated Spanners and Wrenches in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.0 | 2.1 | 8.8 | 15.5 | 149.3% |
| United Kingdom | 0.4 | 0.2 | 1.8 | 1.7 | 62.0% |
| Norway | 1.6 | 1.5 | 1.7 | 1.5 | -2.1% |
| Sweden | 3.6 | 2.7 | 2.4 | 0.6 | -45.0% |
| Poland | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| Finland | 0.3 | 0.2 | 1.4 | 0.4 | 10.1% |
| Belgium | 0.9 | 0.8 | 0.8 | 0.4 | -23.7% |
| Netherlands | 0.4 | 0.8 | 0.4 | 0.3 | -9.1% |
| Faroe Islands | 0.3 | 0.3 | 0.4 | 0.2 | -12.6% |
| Others | 1.8 | 3.7 | 5.0 | 4.3 | 33.7% |
| Total | 10.7 | 12.3 | 22.9 | 25.3 | 33.2% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Denmark in 2022:
- Germany (783.7 tons)
- Norway (63.4 tons)
- Sweden (33.1 tons)
- Poland (22.3 tons)
- Belgium (15.4 tons)
- Faroe Islands (15.2 tons)
- United Kingdom (12.8 tons)
- Netherlands (8.3 tons)
- Finland (4.7 tons)
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