Price for Hand-Operated Spanners and Wrenches in Luxembourg - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Luxembourg (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Luxembourg (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Luxembourg
- Exports of Hand-Operated Spanners and Wrenches in Luxembourg
Price for Hand-Operated Spanners and Wrenches in Luxembourg (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $13,767 per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price attained 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 Germany ($26,743 per ton), while the price for Belgium ($8,165 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Luxembourg (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $16,386 per ton in 2022, with a decrease of -13.6% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 decreased by -21.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 67%. As a result, the export price attained the peak level of $20,821 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
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 Italy ($38,901 per ton), while the average price for exports to France ($13,751 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 Germany (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Luxembourg
Hand-operated spanners and wrenches imports into Luxembourg contracted notably to 1.2K tons in 2022, with a decrease of -19.5% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of 1.5K tons, and then shrank significantly in the following year.
In value terms, hand-operated spanners and wrenches imports contracted to $17M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $18M, and then contracted in the following year.
| Import of Hand-Operated Spanners and Wrenches in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 8.6 | 7.8 | 10.7 | 10.3 | 6.2% |
| Japan | 3.7 | 2.9 | 4.6 | 3.7 | 0.0% |
| Germany | 1.1 | 1.2 | 1.5 | 1.4 | 8.4% |
| Belgium | 0.7 | 0.6 | 0.8 | 0.6 | -5.0% |
| Others | 0.9 | 0.6 | 0.8 | 0.8 | -3.9% |
| Total | 15.0 | 13.1 | 18.4 | 16.9 | 4.1% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Luxembourg in 2022:
- Taiwan (Chinese) (915.4 tons)
- Japan (150.1 tons)
- Belgium (69.7 tons)
- Germany (54.0 tons)
Exports of Hand-Operated Spanners and Wrenches in Luxembourg
In 2022, the amount of hand-operated spanners and wrencheses exported from Luxembourg skyrocketed to 861 tons, with an increase of 137% compared with the previous year. Overall, exports, however, saw a abrupt slump.
In value terms, hand-operated spanners and wrenches exports surged to $14M in 2022. In general, exports, however, recorded a relatively flat trend pattern.
| Export of Hand-Operated Spanners and Wrenches in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.7 | 2.0 | 2.8 | 10.7 | 0.0% |
| Italy | 0.8 | 1.1 | 1.2 | 1.0 | 7.7% |
| France | 0.5 | 0.4 | 0.4 | 0.3 | -15.7% |
| Belgium | 0.5 | 0.4 | 0.5 | 0.3 | -15.7% |
| Others | 1.9 | 1.6 | 2.0 | 1.7 | -3.6% |
| Total | 14.5 | 5.5 | 6.9 | 14.1 | -0.9% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Luxembourg in 2022:
- Germany (760.0 tons)
- Italy (25.2 tons)
- France (22.9 tons)
- Belgium (13.0 tons)
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