Price for Hand-Operated Spanners and Wrenches in Switzerland - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Switzerland (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Switzerland (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Switzerland
- Exports of Hand-Operated Spanners and Wrenches in Switzerland
Price for Hand-Operated Spanners and Wrenches in Switzerland (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $18,819 per ton, with a decrease of -24.6% against the previous year. In general, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 39%. Over the period under review, average import prices reached the peak figure at $37,037 per ton in 2018; however, from 2019 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 the United States ($133,035 per ton), while the price for India ($5,829 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Switzerland (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $52,948 per ton, rising by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2018 an increase of 40%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue 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 ($184,284 per ton), while the average price for exports to Italy ($17,450 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 China (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Switzerland
In 2022, the amount of hand-operated spanners and wrencheses imported into Switzerland contracted rapidly to 527 tons, waning by -64.2% against the previous year's figure. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. As a result, imports reached the peak of 1.5K tons, and then declined notably in the following year.
In value terms, hand-operated spanners and wrenches imports fell notably to $9.9M in 2022. In general, imports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports attained the peak of $37M, and then reduced rapidly in the following year.
| Import of Hand-Operated Spanners and Wrenches in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 3.9 | 5.5 | 4.9 | 4.5% |
| United States | 1.9 | 2.0 | 2.5 | 1.6 | -5.6% |
| Czech Republic | 0.4 | 0.6 | 0.8 | 0.6 | 14.5% |
| Taiwan (Chinese) | 4.3 | 5.0 | 5.4 | 0.6 | -48.1% |
| France | 0.5 | 0.6 | 0.4 | 0.4 | -7.2% |
| Spain | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Netherlands | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Germany | 14.3 | 13.3 | 16.4 | N/A | 7.1% |
| India | 0.7 | 0.6 | 0.8 | N/A | 6.9% |
| Turkey | 0.7 | 1.2 | 1.6 | N/A | 51.2% |
| Others | 2.3 | 2.3 | 2.9 | 1.5 | -13.3% |
| Total | 30.0 | 30.0 | 36.8 | 9.9 | -30.9% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Switzerland in 2022:
- Turkey (undefined tons)
- Germany (undefined tons)
- China (412.0 tons)
- Taiwan (Chinese) (34.2 tons)
- United States (11.9 tons)
- Czech Republic (10.8 tons)
- France (10.3 tons)
- Spain (8.4 tons)
- Netherlands (8.2 tons)
- India (3.5 tons)
Exports of Hand-Operated Spanners and Wrenches in Switzerland
Hand-operated spanners and wrenches exports from Switzerland fell remarkably to 282 tons in 2022, with a decrease of -46.4% compared with the previous year's figure. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 70%. As a result, the exports attained the peak of 526 tons, and then declined dramatically in the following year.
In value terms, hand-operated spanners and wrenches exports shrank markedly to $15M in 2022. Overall, exports showed a deep slump. The growth pace was the most rapid in 2021 when exports increased by 52%. As a result, the exports attained the peak of $23M, and then declined rapidly in the following year.
| Export of Hand-Operated Spanners and Wrenches in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.8 | 6.1 | 9.0 | 6.8 | -4.5% |
| United States | 0.8 | 0.8 | 1.2 | 0.9 | 4.0% |
| China | 0.5 | 0.6 | 0.7 | 0.9 | 21.6% |
| Netherlands | 0.7 | 0.6 | 1.0 | 0.7 | 0.0% |
| South Korea | 0.3 | 0.4 | 0.6 | 0.7 | 32.6% |
| Italy | 0.6 | 0.5 | 0.9 | 0.6 | 0.0% |
| Kuwait | N/A | N/A | N/A | 0.6 | 0% |
| Japan | 1.4 | 0.9 | 1.8 | 0.5 | -29.1% |
| Norway | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| United Kingdom | 0.3 | 0.4 | 0.4 | 0.3 | 0.0% |
| Spain | 0.4 | 0.4 | 0.6 | 0.2 | -20.6% |
| Denmark | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| France | 1.0 | 0.7 | 1.2 | 0.1 | -53.6% |
| Others | 4.0 | 3.5 | 5.4 | 2.2 | -18.1% |
| Total | 18.2 | 15.3 | 23.3 | 14.9 | -6.5% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Switzerland in 2022:
- Germany (113.5 tons)
- Italy (36.6 tons)
- Netherlands (19.6 tons)
- Norway (14.3 tons)
- Kuwait (9.7 tons)
- United Kingdom (8.9 tons)
- South Korea (6.8 tons)
- Japan (6.5 tons)
- China (5.6 tons)
- Denmark (5.5 tons)
- Spain (5.4 tons)
- United States (4.7 tons)
- France (3.2 tons)
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