Price for Hand-Operated Spanners and Wrenches in Germany - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Germany (FOB) - 2022
- Price for Hand-Operated Spanners and Wrenches in Germany (CIF) - 2022
- Exports of Hand-Operated Spanners and Wrenches in Germany
- Imports of Hand-Operated Spanners and Wrenches in Germany
Price for Hand-Operated Spanners and Wrenches in Germany (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $26,421 per ton, growing by 2.1% against the previous year. Over the period under review, the export price recorded modest growth. The pace of growth was the most pronounced in 2021 an increase of 9%. The export price peaked 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 the United States ($51,218 per ton), while the average price for exports to Turkey ($16,071 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 the United States (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Germany (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $12,340 per ton, surging by 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 9.4% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
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 Czech Republic ($26,555 per ton), while the price for India ($5,257 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hand-Operated Spanners and Wrenches in Germany
In 2022, the amount of hand-operated spanners and wrencheses exported from Germany stood at 16K tons, increasing by 7.7% on the year before. The total export volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 13% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, hand-operated spanners and wrenches exports expanded rapidly to $410M in 2022. The total export value increased at an average annual rate of +10.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 23% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Hand-Operated Spanners and Wrenches in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 21.7 | 27.8 | 35.0 | 36.3 | 18.7% |
| France | 23.1 | 22.5 | 31.3 | 35.3 | 15.2% |
| United States | 19.8 | 20.7 | 25.9 | 35.2 | 21.1% |
| Netherlands | 24.7 | 25.6 | 27.9 | 29.9 | 6.6% |
| Austria | 23.8 | 23.0 | 28.4 | 29.9 | 7.9% |
| Switzerland | 18.2 | 17.7 | 21.8 | 21.8 | 6.2% |
| Italy | 15.6 | 14.3 | 19.6 | 20.8 | 10.1% |
| Spain | 15.1 | 14.0 | 16.7 | 19.4 | 8.7% |
| United Kingdom | 17.6 | 15.6 | 16.4 | 18.4 | 1.5% |
| Czech Republic | 12.3 | 12.1 | 15.4 | 16.8 | 11.0% |
| China | 13.6 | 12.7 | 14.8 | 15.0 | 3.3% |
| Belgium | 9.5 | 8.5 | 10.2 | 11.2 | 5.6% |
| Turkey | 2.7 | 3.9 | 4.1 | 6.2 | 31.9% |
| Others | 89.8 | 84.2 | 105 | 114 | 8.3% |
| Total | 308 | 302 | 373 | 410 | 10.0% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Germany in 2022:
- Poland (2.1K tons)
- France (1.5K tons)
- Netherlands (1.1K tons)
- Austria (1.1K tons)
- Italy (1.0K tons)
- Spain (0.9K tons)
- United States (0.7K tons)
- Czech Republic (0.7K tons)
- United Kingdom (0.6K tons)
- Switzerland (0.5K tons)
- Turkey (0.4K tons)
- China (0.4K tons)
- Belgium (0.4K tons)
Imports of Hand-Operated Spanners and Wrenches in Germany
In 2022, approx. 30K tons of hand-operated spanners and wrencheses were imported into Germany; surging by 5.7% against the previous year's figure. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, hand-operated spanners and wrenches imports expanded markedly to $369M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Hand-Operated Spanners and Wrenches in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 93.8 | 78.3 | 96.1 | 112 | 6.1% |
| China | 47.8 | 40.1 | 51.0 | 65.6 | 11.1% |
| Czech Republic | 17.4 | 22.4 | 32.0 | 36.1 | 27.5% |
| Netherlands | 2.5 | 14.3 | 18.4 | 29.4 | 127.4% |
| India | 17.2 | 13.7 | 16.8 | 17.1 | -0.2% |
| Poland | 10.4 | 17.8 | 24.4 | 16.9 | 17.6% |
| Denmark | 0.9 | 2.2 | 5.6 | 9.3 | 117.8% |
| Luxembourg | 8.7 | 8.5 | 15.3 | 9.3 | 2.2% |
| Turkey | 6.0 | 5.8 | 7.1 | 7.7 | 8.7% |
| Others | 53.5 | 49.7 | 62.7 | 65.6 | 7.0% |
| Total | 258 | 253 | 329 | 369 | 12.7% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Germany in 2022:
- China (9.0K tons)
- Taiwan (Chinese) (7.3K tons)
- Netherlands (3.5K tons)
- India (3.3K tons)
- Czech Republic (1.4K tons)
- Denmark (0.8K tons)
- Poland (0.8K tons)
- Luxembourg (0.7K tons)
- Turkey (0.6K tons)
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