Price for Tools, Hand; Other than Household Tools in the UK - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in the UK (CIF) - 2023
- Price for Tools, Hand; Other than Household Tools in the UK (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in the UK
- Exports of Tools, Hand; Other than Household Tools in the UK
Price for Tools, Hand; Other than Household Tools in the UK (CIF) - 2023
In November 2023, the average import price for tools, hand; other than household toolses amounted to $12,306 per ton, increasing by 19% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 42% m-o-m. As a result, import price attained the peak level of $15,200 per ton. From April 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($52,399 per ton), while the price for India ($3,817 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in the UK (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $29,939 per ton in 2022, surging by 13% against the previous year. In general, the export price saw a resilient increase. The growth pace was the most rapid in 2021 when the average export price increased by 82%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($46,090 per ton), while the average price for exports to Falkland Islands (Malvinas) ($2,639 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 France (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in the UK
In 2022, imports of tools, hand; other than household toolses into the UK fell to 14K tons, dropping by -14.2% compared with the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of 16K tons, and then shrank in the following year.
In value terms, imports of tools, hand; other than household toolses reduced to $149M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of $159M, and then contracted in the following year.
| Import of Tools, Hand; Other than Household Tools in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 37.6 | 33.9 | 55.5 | 57.0 | 14.9% |
| United States | 23.6 | 20.5 | 27.7 | 27.5 | 5.2% |
| Taiwan (Chinese) | 17.8 | 16.3 | 23.6 | 20.8 | 5.3% |
| Germany | 18.4 | 19.2 | 15.5 | 11.2 | -15.3% |
| India | 3.6 | 3.8 | 7.0 | 5.1 | 12.3% |
| Belgium | 4.1 | 3.2 | 3.1 | 0.3 | -58.2% |
| Others | 30.8 | 25.9 | 27.0 | 27.6 | -3.6% |
| Total | 136 | 123 | 159 | 149 | 3.1% |
Top Suppliers of Tools, Hand; Other than Household Tools to the UK in 2022:
- China (8.9K tons)
- Taiwan (Chinese) (1.4K tons)
- India (1.1K tons)
- United States (0.7K tons)
- Germany (0.4K tons)
Exports of Tools, Hand; Other than Household Tools in the UK
For the third consecutive year, the UK recorded decline in overseas shipments of tools, hand; other than household toolses, which decreased by -20.3% to 2.5K tons in 2022. Over the period under review, exports recorded a precipitous descent. The smallest decline of -5.9% was in 2020.
In value terms, exports of tools, hand; other than household toolses dropped to $75M in 2022. Overall, exports showed a abrupt descent. The smallest decline of -7.9% was in 2021.
| Export of Tools, Hand; Other than Household Tools in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.7 | 9.4 | 14.0 | 12.7 | 13.4% |
| Germany | 17.7 | 15.6 | 12.9 | 9.0 | -20.2% |
| France | 13.0 | 11.8 | 6.4 | 6.4 | -21.0% |
| Netherlands | 8.5 | 7.2 | 6.6 | 5.7 | -12.5% |
| Ireland | 11.7 | 11.0 | 6.2 | 4.1 | -29.5% |
| Italy | 4.4 | 3.9 | 3.3 | 3.1 | -11.0% |
| Belgium | 2.2 | 1.6 | 3.2 | 2.3 | 1.5% |
| Denmark | 2.1 | 2.0 | 2.6 | 2.1 | 0.0% |
| Switzerland | 1.5 | 1.1 | 2.3 | 2.1 | 11.9% |
| China | 0.9 | 0.4 | 0.9 | 1.3 | 13.0% |
| Sweden | 1.7 | 1.7 | 1.3 | 1.0 | -16.2% |
| Malaysia | 0.2 | 0.1 | 0.1 | 0.7 | 51.8% |
| Falkland Islands (Malvinas) | 0.3 | 0.3 | 0.2 | 0.1 | -30.7% |
| Others | 29.2 | 24.7 | 23.8 | 24.4 | -5.8% |
| Total | 102 | 90.8 | 83.7 | 75.2 | -9.7% |
Top Export Markets for Tools, Hand; Other than Household Tools from the UK in 2022:
- United States (311.0 tons)
- Germany (304.3 tons)
- Ireland (262.0 tons)
- Netherlands (237.2 tons)
- France (139.3 tons)
- Belgium (116.0 tons)
- Italy (102.0 tons)
- Malaysia (92.7 tons)
- Switzerland (84.7 tons)
- Denmark (78.7 tons)
- China (56.2 tons)
- Sweden (47.2 tons)
- Falkland Islands (Malvinas) (43.9 tons)
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