Price for Hand-Operated Spanners and Wrenches in Finland - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Finland (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Finland (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Finland
- Exports of Hand-Operated Spanners and Wrenches in Finland
Price for Hand-Operated Spanners and Wrenches in Finland (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $15,591 per ton in 2022, picking up by 2.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($26,350 per ton), while the price for India ($6,647 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Finland (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $18,446 per ton in 2022, shrinking by -12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2019 when the average export price increased by 19% against the previous year. The export price peaked at $21,855 per ton in 2020; however, from 2021 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 Uruguay ($58,110 per ton), while the average price for exports to Estonia ($9,690 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 Latvia (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Finland
Hand-operated spanners and wrenches imports into Finland rose to 1.5K tons in 2022, increasing by 4.3% compared with the previous year. Over the period under review, imports, however, showed a pronounced decline. The growth pace was the most rapid in 2021 when imports increased by 9.9% against the previous year.
In value terms, hand-operated spanners and wrenches imports expanded significantly to $23M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Hand-Operated Spanners and Wrenches in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 9.2 | 3.4 | 4.9 | 5.7 | -14.7% |
| Germany | 2.9 | 3.9 | 3.4 | 3.7 | 8.5% |
| Netherlands | 0.4 | 2.4 | 3.5 | 3.4 | 104.1% |
| Sweden | 0.9 | 2.8 | 3.1 | 2.7 | 44.2% |
| Austria | N/A | 0.8 | 1.7 | 2.0 | 58.1% |
| China | 3.9 | 1.2 | 1.6 | 1.7 | -24.2% |
| India | 0.6 | 0.2 | 0.1 | 0.4 | -12.6% |
| Others | 3.9 | 1.9 | 3.0 | 3.0 | -8.4% |
| Total | 21.8 | 16.8 | 21.2 | 22.6 | 1.2% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Finland in 2022:
- Taiwan (Chinese) (437.3 tons)
- China (245.8 tons)
- Netherlands (228.3 tons)
- Sweden (155.7 tons)
- Germany (138.9 tons)
- Austria (87.7 tons)
- India (59.8 tons)
Exports of Hand-Operated Spanners and Wrenches in Finland
In 2022, hand-operated spanners and wrenches exports from Finland surged to 114 tons, rising by 19% compared with the previous year's figure. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 52%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, hand-operated spanners and wrenches exports totaled $2.1M in 2022. Overall, total exports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 45%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Hand-Operated Spanners and Wrenches in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 671 | 557 | 538 | 525 | -7.9% |
| Mexico | 228 | 123 | 236 | 380 | 18.6% |
| Sweden | 200 | 157 | 251 | 199 | -0.2% |
| Ireland | 3.0 | 16.1 | 0.2 | 156 | 273.3% |
| Uruguay | 31.0 | 11.3 | 14.4 | 134 | 62.9% |
| Norway | 105 | 46.6 | 70.6 | 93.5 | -3.8% |
| India | 64.5 | 8.7 | 91.3 | 82.1 | 8.4% |
| Lithuania | 57.2 | 36.7 | 38.6 | 48.4 | -5.4% |
| Latvia | 64.4 | 36.3 | 49.8 | 42.1 | -13.2% |
| Others | 452 | 383 | 708 | 435 | -1.3% |
| Total | 1,876 | 1,376 | 1,998 | 2,094 | 3.7% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Finland in 2022:
- Estonia (54.2 tons)
- Mexico (22.7 tons)
- Norway (8.8 tons)
- Sweden (6.8 tons)
- India (3.7 tons)
- Ireland (3.6 tons)
- Uruguay (2.3 tons)
- Lithuania (1.8 tons)
- Latvia (1.3 tons)
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