Price for Hand-Operated Spanners and Wrenches in Greece - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Greece (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Greece (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Greece
- Exports of Hand-Operated Spanners and Wrenches in Greece
Price for Hand-Operated Spanners and Wrenches in Greece (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $7,612 per ton in 2022, reducing by -3.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 33% against the previous year. The import price peaked at $9,509 per ton in 2013; however, from 2014 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 Germany ($16,052 per ton), while the price for the Netherlands ($3,122 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) (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Greece (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $3,603 per ton in 2022, reducing by -56.6% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 34% against the previous year. As a result, the export price attained the peak level of $16,235 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($15,571 per ton), while the average price for exports to Hungary ($2,421 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 Estonia (+31.8%), while the prices for the other major destinations experienced a decline.
Imports of Hand-Operated Spanners and Wrenches in Greece
For the fourth consecutive year, Greece recorded growth in supplies from abroad of hand-operated spanners and wrencheses, which increased by 6.4% to 1.5K tons in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.7% 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 +67.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, hand-operated spanners and wrenches imports rose to $12M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +60.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 53%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Hand-Operated Spanners and Wrenches in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2.2 | 2.2 | 3.0 | 3.0 | 10.9% |
| China | 0.8 | 0.9 | 1.6 | 2.7 | 50.0% |
| Germany | 1.4 | 1.7 | 2.2 | 1.8 | 8.7% |
| Italy | 0.5 | 0.6 | 0.8 | 0.6 | 6.3% |
| Poland | 0.2 | 0.2 | 0.4 | 0.6 | 44.2% |
| Austria | 0.5 | 0.4 | 1.7 | 0.6 | 6.3% |
| India | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Netherlands | 0.3 | 0.2 | 0.4 | 0.3 | 0.0% |
| Others | 1.1 | 1.0 | 1.2 | 1.8 | 17.8% |
| Total | 7.2 | 7.4 | 11.3 | 11.7 | 17.6% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Greece in 2022:
- China (697.8 tons)
- Taiwan (Chinese) (208.5 tons)
- Germany (114.2 tons)
- Poland (100.7 tons)
- Austria (99.3 tons)
- Netherlands (81.3 tons)
- India (64.3 tons)
- Italy (41.1 tons)
Exports of Hand-Operated Spanners and Wrenches in Greece
In 2022, approx. 406 tons of hand-operated spanners and wrencheses were exported from Greece; increasing by 538% against the previous year. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, hand-operated spanners and wrenches exports soared to $1.5M in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hand-Operated Spanners and Wrenches in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 54.0 | 73.0 | 111 | 744 | 139.7% |
| Hungary | 4.1 | 5.0 | 2.0 | 121 | 209.0% |
| Spain | N/A | N/A | 0.6 | 105 | 17400.0% |
| Cyprus | 101 | 71.5 | 103 | 81.1 | -7.1% |
| Slovakia | 0.4 | 0.4 | 36.6 | 70.1 | 459.6% |
| Estonia | N/A | N/A | 0.3 | 50.1 | 16600.0% |
| Belgium | 48.0 | 27.5 | 33.6 | 50.0 | 1.4% |
| Romania | 36.7 | 23.1 | 21.2 | 44.4 | 6.6% |
| Others | 244 | 169 | 220 | 197 | -6.9% |
| Total | 488 | 369 | 528 | 1,462 | 44.2% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Greece in 2022:
- Italy (253.8 tons)
- Hungary (50.0 tons)
- Spain (33.2 tons)
- Estonia (16.5 tons)
- Slovakia (10.0 tons)
- Romania (8.5 tons)
- Cyprus (5.2 tons)
- Belgium (4.1 tons)
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