Price for Tools, Hand; Other than Household Tools in Portugal - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in Portugal (CIF) - 2023
- Price for Tools, Hand; Other than Household Tools in Portugal (FOB) - 2023
- Imports of Tools, Hand; Other than Household Tools in Portugal
- Exports of Tools, Hand; Other than Household Tools in Portugal
Price for Tools, Hand; Other than Household Tools in Portugal (CIF) - 2023
In October 2023, the average import price for tools, hand; other than household toolses amounted to $8,082 per ton, which is down by -18% against the previous month. In general, the import price, however, continues to indicate a mild increase. The pace of growth was the most pronounced in September 2023 an increase of 39% against the previous month. The import price peaked at $11,124 per ton in July 2023; however, from August 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was India ($15,039 per ton), while the price for the Netherlands ($3,657 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 India (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Portugal (FOB) - 2023
In October 2023, the average export price for tools, hand; other than household toolses amounted to $11,012 per ton, surging by 31% against the previous month. Over the period under review, the export price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 59% m-o-m. Over the period under review, the average export prices reached the maximum at $19,730 per ton in October 2022; however, from November 2022 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Mozambique ($19,701 per ton), while the average price for exports to Sao Tome and Principe ($2,342 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 Morocco (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Portugal
In 2022, after three years of growth, there was decline in overseas purchases of tools, hand; other than household toolses, when their volume decreased by -2.9% to 2.8K tons. The total import volume increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of 2.9K tons, and then shrank in the following year.
In value terms, imports of tools, hand; other than household toolses rose remarkably to $24M in 2022. The total import value increased at an average annual rate of +10.5% over the period 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 imports increased by 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Tools, Hand; Other than Household Tools in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.2 | 5.3 | 8.0 | 8.0 | 15.4% |
| Germany | 2.9 | 2.5 | 2.4 | 3.4 | 5.4% |
| China | 1.7 | 1.8 | 3.4 | 3.2 | 23.5% |
| Netherlands | 1.5 | 1.3 | 2.1 | 2.3 | 15.3% |
| France | 2.3 | 1.9 | 2.2 | 1.9 | -6.2% |
| Italy | 1.4 | 1.1 | 1.5 | 1.5 | 2.3% |
| Taiwan (Chinese) | 0.5 | 0.5 | 0.9 | 1.1 | 30.1% |
| Others | 2.3 | 2.8 | 2.0 | 2.4 | 1.4% |
| Total | 17.8 | 17.2 | 22.5 | 24.0 | 10.5% |
Top Suppliers of Tools, Hand; Other than Household Tools to Portugal in 2022:
- Spain (926.8 tons)
- China (619.3 tons)
- Netherlands (392.7 tons)
- Germany (324.9 tons)
- France (210.9 tons)
- Italy (121.3 tons)
- Taiwan (Chinese) (81.3 tons)
Exports of Tools, Hand; Other than Household Tools in Portugal
For the third year in a row, Portugal recorded decline in shipments abroad of tools, hand; other than household toolses, which decreased by -1.2% to 388 tons in 2022. In general, exports showed a deep slump.
In value terms, exports of tools, hand; other than household toolses skyrocketed to $4.4M in 2022. Overall, exports saw a abrupt slump.
| Export of Tools, Hand; Other than Household Tools in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 1,247 | 722 | 846 | 1,584 | 8.3% |
| Spain | 2,508 | 1,060 | 792 | 474 | -42.6% |
| France | 324 | 1,152 | 379 | 417 | 8.8% |
| Mali | 1.3 | 0.3 | 0.5 | 312 | 521.4% |
| Mozambique | 264 | 284 | 154 | 275 | 1.4% |
| Cabo Verde | 177 | 270 | 263 | 153 | -4.7% |
| Sao Tome and Principe | 45.8 | 48.5 | 55.9 | 84.7 | 22.7% |
| Belgium | 7.7 | 37.3 | 12.1 | 60.1 | 98.4% |
| Others | 640 | 874 | 1,165 | 1,019 | 16.8% |
| Total | 5,215 | 4,448 | 3,667 | 4,379 | -5.7% |
Top Export Markets for Tools, Hand; Other than Household Tools from Portugal in 2022:
- Angola (116.2 tons)
- Spain (64.1 tons)
- France (55.7 tons)
- Mozambique (23.0 tons)
- Cabo Verde (21.0 tons)
- Mali (16.4 tons)
- Sao Tome and Principe (10.1 tons)
- Belgium (7.2 tons)
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