Price for Tools, Hand; Other than Household Tools in Finland - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in Finland (CIF) - 2023
- Price for Tools, Hand; Other than Household Tools in Finland (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Finland
- Exports of Tools, Hand; Other than Household Tools in Finland
Price for Tools, Hand; Other than Household Tools in Finland (CIF) - 2023
In October 2023, the average import price for tools, hand; other than household toolses amounted to $6,567 per ton, which is down by -65% against the previous month. Over the period under review, the import price recorded a deep slump. The pace of growth was the most pronounced in February 2023 when the average import price increased by 56% against the previous month. As a result, import price reached the peak level of $23,226 per ton. From March 2023 to October 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Taiwan (Chinese) ($13,394 per ton), while the price for China amounted to $4,324 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Finland (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $14,794 per ton, dropping by -3.6% against the previous year. Overall, the export price showed a abrupt contraction. The growth pace was the most rapid in 2014 an increase of 27% against the previous year. As a result, the export price attained the peak level of $27,063 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($38,846 per ton), while the average price for exports to Estonia ($7,063 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 Lithuania (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Finland
In 2022, the amount of tools, hand; other than household toolses imported into Finland was estimated at 1.6K tons, leveling off at the previous year. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of tools, hand; other than household toolses reduced slightly to $22M in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of $22M, leveling off in the following year.
| Import of Tools, Hand; Other than Household Tools in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.6 | 4.7 | 5.2 | 4.7 | 9.3% |
| Sweden | 2.1 | 3.7 | 3.9 | 3.6 | 19.7% |
| China | 3.5 | 1.6 | 2.5 | 2.9 | -6.1% |
| Netherlands | 0.3 | 0.9 | 1.4 | 1.8 | 81.7% |
| Taiwan (Chinese) | 1.7 | 0.9 | 2.2 | 1.8 | 1.9% |
| Denmark | 0.6 | 0.9 | 0.9 | 0.8 | 10.1% |
| Poland | 0.2 | 0.2 | 0.4 | 0.5 | 35.7% |
| Others | 4.9 | 4.7 | 5.3 | 5.7 | 5.2% |
| Total | 16.9 | 17.7 | 21.8 | 21.7 | 8.7% |
Top Suppliers of Tools, Hand; Other than Household Tools to Finland in 2022:
- China (603.0 tons)
- Germany (227.8 tons)
- Sweden (192.7 tons)
- Taiwan (Chinese) (136.3 tons)
- Netherlands (117.9 tons)
- Poland (46.2 tons)
- Denmark (42.7 tons)
Exports of Tools, Hand; Other than Household Tools in Finland
Exports of tools, hand; other than household toolses from Finland soared to 520 tons in 2022, with an increase of 28% against 2021. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of tools, hand; other than household toolses soared to $7.7M in 2022. Over the period under review, total exports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 33%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Tools, Hand; Other than Household Tools in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,519 | 1,242 | 1,584 | 3,683 | 34.3% |
| Estonia | 332 | 753 | 1,991 | 1,973 | 81.1% |
| Sweden | 363 | 368 | 375 | 310 | -5.1% |
| United States | 3,106 | 653 | 189 | 206 | -59.5% |
| Latvia | 162 | 134 | 165 | 204 | 8.0% |
| Norway | 138 | 152 | 256 | 196 | 12.4% |
| Russia | 563 | 279 | 306 | 141 | -37.0% |
| Others | 1,144 | 1,135 | 1,393 | 982 | -5.0% |
| Total | 7,327 | 4,716 | 6,259 | 7,695 | 1.6% |
Top Export Markets for Tools, Hand; Other than Household Tools from Finland in 2022:
- Estonia (279.4 tons)
- Netherlands (179.5 tons)
- Sweden (12.1 tons)
- Norway (8.6 tons)
- Latvia (7.8 tons)
- United States (6.7 tons)
- Russia (3.6 tons)
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