Price for Hand-Operated Spanners and Wrenches in Slovakia - 2023

Contents:

  1. Price for Hand-Operated Spanners and Wrenches in Slovakia (CIF) - 2022
  2. Price for Hand-Operated Spanners and Wrenches in Slovakia (FOB) - 2022
  3. Imports of Hand-Operated Spanners and Wrenches in Slovakia
  4. Exports of Hand-Operated Spanners and Wrenches in Slovakia

Price for Hand-Operated Spanners and Wrenches in Slovakia (CIF) - 2022

The average hand-operated spanners and wrenches import price stood at $8,089 per ton in 2022, increasing by 90% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $8,386 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 France ($25,908 per ton), while the price for Italy ($3,600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hand-Operated Spanners and Wrenches in Slovakia (FOB) - 2022

In 2022, the average hand-operated spanners and wrenches export price amounted to $11,415 per ton, increasing by 4.3% against the previous year. In general, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2019 an increase of 39%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 France ($21,208 per ton), while the average price for exports to Portugal ($3,585 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 Italy (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hand-Operated Spanners and Wrenches in Slovakia

In 2022, hand-operated spanners and wrenches imports into Slovakia shrank significantly to 2.3K tons, declining by -53.8% against 2021 figures. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. As a result, imports attained the peak of 4.9K tons, and then fell dramatically in the following year.

In value terms, hand-operated spanners and wrenches imports fell to $18M in 2022. In general, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports reached the peak of $21M, and then declined in the following year.

Import of Hand-Operated Spanners and Wrenches in Slovakia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany3.63.54.14.810.1%
Czech Republic0.71.52.62.960.6%
China2.81.82.52.7-1.2%
Taiwan (Chinese)2.91.52.31.9-13.1%
Italy4.23.63.91.6-27.5%
Poland0.30.60.81.467.1%
Romania2.72.01.80.8-33.3%
Others2.72.22.82.3-5.2%
Total19.916.720.818.3-2.8%

Top Suppliers of Hand-Operated Spanners and Wrenches to Slovakia in 2022:

  1. China (716.6 tons)
  2. Italy (436.2 tons)
  3. Germany (341.0 tons)
  4. Czech Republic (237.2 tons)
  5. Taiwan (Chinese) (140.5 tons)
  6. Poland (118.4 tons)
  7. Romania (89.9 tons)

Exports of Hand-Operated Spanners and Wrenches in Slovakia

In 2022, approx. 550 tons of hand-operated spanners and wrencheses were exported from Slovakia; with a decrease of -4% against 2021 figures. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year.

In value terms, hand-operated spanners and wrenches exports reached $6.3M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Hand-Operated Spanners and Wrenches in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland1,0961,0841,014923-5.6%
Germany41857354881324.8%
Czech Republic883375440762-4.8%
Austria41629238157911.7%
France4924534875362.9%
Spain447237363312-11.3%
Hungary491431431296-15.5%
Turkey77.910228922742.8%
Italy218165277213-0.8%
Portugal1201161451558.9%
Romania10493.411814511.7%
Others1,4461,2911,7711,314-3.1%
Total6,2085,2136,2646,2750.4%

Top Export Markets for Hand-Operated Spanners and Wrenches from Slovakia in 2022:

  1. Poland (97.8 tons)
  2. Germany (76.6 tons)
  3. Czech Republic (55.0 tons)
  4. Austria (47.9 tons)
  5. Portugal (43.2 tons)
  6. Hungary (39.2 tons)
  7. Turkey (32.3 tons)
  8. Romania (28.8 tons)
  9. France (25.3 tons)
  10. Spain (14.3 tons)
  11. Italy (13.2 tons)

Source: IndexBox Market Intelligence Platform

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