Price for Tools, Hand; Other than Household Tools in Denmark - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in Denmark (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Denmark (FOB) - 2023
- Imports of Tools, Hand; Other than Household Tools in Denmark
- Exports of Tools, Hand; Other than Household Tools in Denmark
Price for Tools, Hand; Other than Household Tools in Denmark (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $15,397 per ton, dropping by -6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 9.3%. The import price peaked at $17,784 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($34,687 per ton), while the price for Greenland ($3,328 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Denmark (FOB) - 2023
In October 2023, the average export price for tools, hand; other than household toolses amounted to $18,268 per ton, shrinking by -35.6% against the previous month. Overall, the export price, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in November 2022 an increase of 104% m-o-m. The export price peaked at $30,244 per ton in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($110K per ton), while the average price for exports to Iceland ($5,407 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Denmark
After three years of growth, overseas purchases of tools, hand; other than household toolses decreased by -7% to 2K tons in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 4.4% against the previous year.
In value terms, imports of tools, hand; other than household toolses shrank to $31M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12%. As a result, imports reached the peak of $35M, and then contracted in the following year.
| Import of Tools, Hand; Other than Household Tools in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.5 | 7.9 | 7.6 | 7.4 | -0.4% |
| Sweden | 7.5 | 8.8 | 9.8 | 5.9 | -7.7% |
| China | 3.1 | 4.3 | 4.8 | 4.9 | 16.5% |
| Netherlands | 1.6 | 2.7 | 2.2 | 2.3 | 12.9% |
| United Kingdom | 2.6 | 1.3 | 1.9 | 1.9 | -9.9% |
| Taiwan (Chinese) | 1.8 | 1.2 | 1.8 | 1.3 | -10.3% |
| Italy | 0.7 | 0.7 | 0.5 | 1.0 | 12.6% |
| Norway | 0.2 | 0.4 | 0.4 | 0.9 | 65.1% |
| Greenland | N/A | N/A | N/A | 0.2 | 0% |
| Others | 4.6 | 4.2 | 6.2 | 5.1 | 3.5% |
| Total | 29.6 | 31.6 | 35.3 | 30.9 | 1.4% |
Top Suppliers of Tools, Hand; Other than Household Tools to Denmark in 2022:
- China (707.0 tons)
- Sweden (340.4 tons)
- Germany (292.7 tons)
- Netherlands (166.9 tons)
- Italy (90.7 tons)
- Norway (76.2 tons)
- Greenland (66.5 tons)
- United Kingdom (54.8 tons)
- Taiwan (Chinese) (51.8 tons)
Exports of Tools, Hand; Other than Household Tools in Denmark
In 2022, exports of tools, hand; other than household toolses from Denmark reduced to 770 tons, waning by -12.9% against the previous year's figure. Over the period under review, exports recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year.
In value terms, exports of tools, hand; other than household toolses fell rapidly to $12M in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports attained the peak of $17M, and then shrank rapidly in the following year.
| Export of Tools, Hand; Other than Household Tools in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 4.4 | 2.0 | 2.6 | 2.7 | -15.0% |
| Germany | 1.6 | 1.7 | 2.5 | 1.9 | 5.9% |
| Sweden | 1.6 | 1.9 | 2.5 | 1.4 | -4.4% |
| Greenland | 1.5 | 1.7 | 1.8 | 1.2 | -7.2% |
| United States | 0.6 | 0.3 | 1.0 | 0.8 | 10.1% |
| Iceland | 0.5 | 0.5 | 0.7 | 0.8 | 17.0% |
| United Kingdom | 0.4 | 0.4 | 0.7 | 0.5 | 7.7% |
| Faroe Islands | 0.7 | 0.4 | 0.3 | 0.4 | -17.0% |
| France | 0.5 | 0.7 | 0.7 | 0.3 | -15.7% |
| Finland | 0.6 | 0.5 | 0.4 | 0.2 | -30.7% |
| Netherlands | 0.7 | 0.6 | 0.5 | 0.2 | -34.1% |
| Spain | 0.2 | 0.3 | 0.3 | 0.1 | -20.6% |
| Others | 3.0 | 3.3 | 2.9 | 1.8 | -15.7% |
| Total | 16.3 | 14.5 | 16.9 | 12.4 | -8.7% |
Top Export Markets for Tools, Hand; Other than Household Tools from Denmark in 2022:
- Norway (177.7 tons)
- Greenland (154.7 tons)
- Germany (109.8 tons)
- Sweden (94.4 tons)
- Iceland (65.7 tons)
- Faroe Islands (28.0 tons)
- Spain (20.1 tons)
- United Kingdom (19.7 tons)
- France (17.1 tons)
- United States (12.6 tons)
- Netherlands (7.7 tons)
- Finland (6.9 tons)
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