Price for Hand-Operated Spanners and Wrenches in Sweden - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Sweden (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Sweden (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Sweden
- Exports of Hand-Operated Spanners and Wrenches in Sweden
Price for Hand-Operated Spanners and Wrenches in Sweden (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $14,312 per ton in 2022, rising by 6% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 10% against the previous year. Over the period under review, average import prices attained the peak figure at $14,460 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($20,176 per ton), while the price for China ($7,222 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Sweden (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $17,987 per ton, approximately reflecting the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 18%. As a result, the export price reached the peak level of $22,839 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($105,885 per ton), while the average price for exports to Poland ($7,774 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 (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Sweden
In 2022, approx. 3.3K tons of hand-operated spanners and wrencheses were imported into Sweden; which is down by -4.9% against 2021 figures. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 8.7%.
In value terms, hand-operated spanners and wrenches imports stood at $47M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Hand-Operated Spanners and Wrenches in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 18.2 | 15.0 | 15.8 | 15.7 | -4.8% |
| Netherlands | 7.9 | 7.1 | 7.7 | 7.4 | -2.2% |
| Germany | 6.4 | 6.1 | 6.9 | 7.3 | 4.5% |
| China | 3.9 | 4.9 | 6.3 | 6.7 | 19.8% |
| Belgium | 1.2 | 0.8 | 1.4 | 2.1 | 20.5% |
| India | 1.1 | 1.5 | 1.7 | 1.7 | 15.6% |
| Denmark | 1.5 | 1.3 | 1.5 | 1.3 | -4.7% |
| Italy | 0.6 | 0.4 | 0.6 | 1.1 | 22.4% |
| Others | 4.0 | 3.8 | 5.2 | 4.2 | 1.6% |
| Total | 44.8 | 41.0 | 47.0 | 47.4 | 1.9% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Sweden in 2022:
- Taiwan (Chinese) (1019.6 tons)
- China (927.2 tons)
- Netherlands (364.6 tons)
- Germany (362.1 tons)
- India (204.3 tons)
- Belgium (148.9 tons)
- Italy (74.7 tons)
- Denmark (45.4 tons)
Exports of Hand-Operated Spanners and Wrenches in Sweden
In 2022, after three years of growth, there was significant decline in shipments abroad of hand-operated spanners and wrencheses, when their volume decreased by -6.2% to 1.4K tons. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% 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 +56.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 61%. As a result, the exports attained the peak of 1.5K tons, and then declined in the following year.
In value terms, hand-operated spanners and wrenches exports shrank to $26M in 2022. The total export value increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 44%. As a result, the exports reached the peak of $28M, and then reduced in the following year.
| Export of Hand-Operated Spanners and Wrenches in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.9 | 0.5 | 8.0 | 6.9 | 97.2% |
| Norway | 6.1 | 7.1 | 6.2 | 4.6 | -9.0% |
| Belgium | 4.8 | 3.0 | 3.6 | 4.1 | -5.1% |
| Denmark | 2.8 | 2.9 | 2.6 | 2.9 | 1.2% |
| Finland | 2.9 | 2.7 | 2.6 | 2.3 | -7.4% |
| Poland | 0.9 | 0.9 | 1.3 | 1.6 | 21.1% |
| United Kingdom | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| Germany | 0.3 | 0.3 | 0.4 | 0.2 | -12.6% |
| Others | 2.4 | 2.1 | 3.1 | 2.9 | 6.5% |
| Total | 21.0 | 19.5 | 28.0 | 25.9 | 7.2% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Sweden in 2022:
- Norway (338.2 tons)
- Denmark (262.4 tons)
- Netherlands (247.5 tons)
- Poland (210.3 tons)
- Finland (182.9 tons)
- United Kingdom (40.0 tons)
- Belgium (39.2 tons)
- Germany (15.9 tons)
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