Price for Tools, Hand; Other than Household Tools in Greece - 2023

Price for Tools, Hand; Other than Household Tools in Greece (CIF) - 2023

In October 2023, the average import price for tools, hand; other than household toolses amounted to $6,254 per ton, which is down by -18.1% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 56% month-to-month. As a result, import price reached the peak level of $9,923 per ton. From April 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($12,215 per ton), while the price for Germany ($4,315 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tools, Hand; Other than Household Tools in Greece (FOB) - 2022

In 2022, the average export price for tools, hand; other than household toolses amounted to $6,824 per ton, picking up by 6% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The growth pace was the most rapid in 2016 when the average export price increased by 29% against the previous year. As a result, the export price attained the peak level of $9,787 per ton. From 2017 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 Marshall Islands ($9,079 per ton), while the average price for exports to Slovakia ($1,879 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 Kosovo (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tools, Hand; Other than Household Tools in Greece

In 2022, the amount of tools, hand; other than household toolses imported into Greece rose significantly to 2.9K tons, picking up by 14% against 2021. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of tools, hand; other than household toolses skyrocketed to $19M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Tools, Hand; Other than Household Tools in Greece (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.9	3.5	5.8	7.5	24.4%
Taiwan (Chinese)	1.1	1.1	1.4	2.5	31.5%
Germany	1.6	1.9	2.4	2.4	14.5%
France	0.9	0.8	1.5	1.5	18.6%
Italy	0.9	0.7	1.0	0.8	-3.9%
Poland	0.4	0.6	0.7	0.6	14.5%
Netherlands	0.2	0.4	0.5	0.4	26.0%
Others	2.2	2.5	2.5	2.9	9.6%
Total	11.1	11.5	15.7	18.6	18.8%

Top Suppliers of Tools, Hand; Other than Household Tools to Greece in 2022:

China (1839.1 tons)
France (254.9 tons)
Taiwan (Chinese) (205.6 tons)
Germany (144.2 tons)
Poland (89.8 tons)
Italy (64.1 tons)
Netherlands (61.2 tons)

Exports of Tools, Hand; Other than Household Tools in Greece

In 2022, after three years of growth, there was significant decline in shipments abroad of tools, hand; other than household toolses, when their volume decreased by -13.2% to 783 tons. Overall, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 74% against the previous year. As a result, the exports reached the peak of 903 tons, and then reduced in the following year.

In value terms, exports of tools, hand; other than household toolses shrank to $5.3M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 +46.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 59% against the previous year. As a result, the exports attained the peak of $5.8M, and then dropped in the following year.

Export of Tools, Hand; Other than Household Tools in Greece (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cyprus	907	842	1,251	1,027	4.2%
Italy	32.0	40.8	168	535	155.7%
Kosovo	N/A	193	342	406	45.0%
Marshall Islands	263	207	199	384	13.4%
Albania	288	251	505	336	5.3%
Serbia	347	290	791	242	-11.3%
France	14.0	143	163	175	132.1%
Hungary	14.0	13.1	24.0	133	111.8%
Romania	83.0	60.7	105	130	16.1%
Panama	241	144	158	125	-19.7%
Malta	122	109	180	122	0.0%
Germany	51.9	11.1	131	102	25.3%
Slovakia	0.2	13.0	22.9	73.0	614.7%
Others	1,699	1,328	1,769	1,555	-2.9%
Total	4,061	3,645	5,809	5,344	9.6%