Finland - Household Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHousehold Hand Tools Price in Finland - 2023
Contents:
- Household Hand Tools Price in Finland (CIF) - 2023
- Household Hand Tools Price in Finland (FOB) - 2022
- Household Hand Tools Imports in Finland
- Household Hand Tools Exports in Finland
Household Hand Tools Price in Finland (CIF) - 2023
In June 2023, the average household hand tools import price amounted to $15,173 per ton, falling by -7.4% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average import price increased by 22% against the previous month. The import price peaked at $16,831 per ton in December 2022; however, from January 2023 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($34,855 per ton), while the price for the Netherlands ($8,966 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Denmark (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Household Hand Tools Price in Finland (FOB) - 2022
In 2022, the average household hand tools export price amounted to $20,828 per ton, surging by 4.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 17% against the previous year. As a result, the export price attained the peak level of $21,629 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 Poland ($32,812 per ton), while the average price for exports to Norway ($15,538 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 Poland (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Household Hand Tools Imports in Finland
Household hand tools imports into Finland rose sharply to 276 tons in 2022, surging by 14% against 2021. The total import volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, household hand tools imports soared to $4.2M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Household Hand Tools in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,712 | 883 | 1,183 | 1,217 | -10.8% |
Germany | 177 | 694 | 623 | 884 | 70.9% |
Sweden | 364 | 678 | 734 | 731 | 26.2% |
Netherlands | 21.3 | 111 | 298 | 344 | 152.8% |
Denmark | 56.3 | 125 | 163 | 272 | 69.1% |
Poland | 26.7 | 41.0 | 76.4 | 113 | 61.8% |
Others | 505 | 420 | 352 | 613 | 6.7% |
Total | 2,861 | 2,952 | 3,429 | 4,174 | 13.4% |
Top Suppliers of Household Hand Tools to Finland in 2022:
- China (99.4 tons)
- Germany (51.3 tons)
- Sweden (47.9 tons)
- Netherlands (31.9 tons)
- Denmark (12.8 tons)
- Poland (8.2 tons)
Household Hand Tools Exports in Finland
In 2022, overseas shipments of household hand tools decreased by -4.1% to 45 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +10.3% 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 exports increased by 26% against the previous year. As a result, the exports reached the peak of 47 tons, and then reduced slightly in the following year.
In value terms, household hand tools exports totaled $938K in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +44.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Household Hand Tools in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 92.8 | 101 | 153 | 220 | 33.3% |
Estonia | 135 | 151 | 172 | 149 | 3.3% |
Latvia | 53.9 | 56.9 | 111 | 144 | 38.8% |
Netherlands | 127 | 176 | 181 | 134 | 1.8% |
Denmark | 69.8 | 85.1 | 105 | 105 | 14.6% |
Lithuania | 30.3 | 60.2 | 45.9 | 32.2 | 2.0% |
Norway | 18.2 | 34.4 | 26.8 | 32.2 | 20.9% |
Russia | 34.0 | 43.5 | 31.4 | 12.6 | -28.2% |
Iceland | 60.8 | 19.7 | 55.9 | 9.7 | -45.8% |
Others | 27.0 | 23.4 | 52.9 | 98.0 | 53.7% |
Total | 648 | 752 | 936 | 938 | 13.1% |
Top Export Markets for Household Hand Tools from Finland in 2022:
- Sweden (11.8 tons)
- Latvia (8.8 tons)
- Estonia (8.2 tons)
- Netherlands (5.1 tons)
- Denmark (3.5 tons)
- Norway (2.1 tons)
- Lithuania (1.1 tons)
- Iceland (0.8 tons)
- Russia (0.5 tons)
This report provides an in-depth analysis of the household hand tools market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25733065 - Household hand tools
Country coverage:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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