EU: Interchangeable Spanner Socket Market 2024

Interchangeable Spanner Socket Market Size in the EU

In 2022, the EU interchangeable spanner socket market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Interchangeable Spanner Socket Production in the EU

In value terms, interchangeable spanner socket production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Interchangeable Spanner Socket Exports

Exports in the EU

In 2022, shipments abroad of interchangeable spanner sockets increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, interchangeable spanner socket exports expanded markedly to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) and Germany (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Poland (X tons), Belgium (X tons), Spain (X tons) and France (X tons), together mixing up a X% share of total exports. Denmark (X tons), Sweden (X tons), Austria (X tons), Luxembourg (X tons), the Czech Republic (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest interchangeable spanner socket supplying countries in the European Union were Germany ($X), the Netherlands ($X) and France ($X), with a combined X% share of total exports.

In terms of the main exporting countries, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports in the EU

In 2022, the amount of interchangeable spanner sockets imported in the European Union soared to X tons, growing by X% against the year before. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, interchangeable spanner socket imports stood at $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by the Netherlands (X tons), Poland (X tons), France (X tons), Belgium (X tons) and Spain (X tons) represented the key importers of interchangeable spanner sockets, together achieving X% of total imports. Italy (X tons), Austria (X tons), the Czech Republic (X tons), Sweden (X tons), Romania (X tons) and Hungary (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest interchangeable spanner socket importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together comprising X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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