Price for Hand-Operated Spanners and Wrenches in Austria - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Austria (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Austria (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Austria
- Exports of Hand-Operated Spanners and Wrenches in Austria
Price for Hand-Operated Spanners and Wrenches in Austria (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $13,466 per ton in 2022, with an increase of 9.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($24,783 per ton), while the price for India ($4,616 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Austria (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $12,091 per ton, rising by 20% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. The export price peaked at $13,361 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($18,623 per ton), while the average price for exports to Greece ($7,430 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 Germany (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Austria
In 2022, the amount of hand-operated spanners and wrencheses imported into Austria reached 3.7K tons, remaining relatively unchanged against the previous year's figure. Over the period under review, imports, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year.
In value terms, hand-operated spanners and wrenches imports expanded significantly to $50M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Hand-Operated Spanners and Wrenches in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 15.5 | 18.6 | 23.7 | 24.3 | 16.2% |
| China | 6.3 | 4.7 | 5.1 | 8.3 | 9.6% |
| Taiwan (Chinese) | 14.3 | 7.0 | 4.8 | 4.0 | -34.6% |
| Netherlands | 0.1 | 0.5 | 0.7 | 2.3 | 184.4% |
| Poland | 1.2 | 2.1 | 2.7 | 2.3 | 24.2% |
| India | 1.3 | 1.1 | 2.2 | 2.3 | 20.9% |
| Italy | 1.4 | 1.2 | 1.7 | 1.6 | 4.6% |
| Turkey | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Others | 4.4 | 3.8 | 4.4 | 4.9 | 3.7% |
| Total | 45.1 | 39.4 | 45.8 | 50.3 | 3.7% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Austria in 2022:
- China (1198.0 tons)
- Germany (1106.0 tons)
- India (490.4 tons)
- Taiwan (Chinese) (384.0 tons)
- Netherlands (136.0 tons)
- Italy (96.9 tons)
- Poland (91.5 tons)
- Turkey (47.8 tons)
Exports of Hand-Operated Spanners and Wrenches in Austria
In 2022, shipments abroad of hand-operated spanners and wrencheses decreased by -11.6% to 1.7K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a pronounced curtailment. The growth pace was the most rapid in 2020 with an increase of 3.3%. As a result, the exports reached the peak of 2K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, hand-operated spanners and wrenches exports expanded significantly to $21M in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 6.4% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Hand-Operated Spanners and Wrenches in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 2.4 | 3.2 | 2.4 | 2.4 | 0.0% |
| Germany | 2.8 | 2.4 | 2.6 | 2.3 | -6.3% |
| Romania | 1.6 | 1.2 | 1.4 | 2.2 | 11.2% |
| Czech Republic | 1.9 | 1.9 | 1.8 | 2.1 | 3.4% |
| Poland | 1.3 | 1.0 | 1.2 | 1.7 | 9.4% |
| Italy | 1.4 | 1.3 | 1.6 | 1.3 | -2.4% |
| Slovakia | 1.0 | 0.9 | 1.1 | 1.2 | 6.3% |
| Slovenia | 0.6 | 0.6 | 0.7 | 0.9 | 14.5% |
| Bulgaria | 0.8 | 0.7 | 0.7 | 0.9 | 4.0% |
| Croatia | 0.5 | 0.6 | 0.6 | 0.7 | 11.9% |
| Greece | 0.5 | 0.5 | 0.7 | 0.6 | 6.3% |
| Others | 3.6 | 4.0 | 4.6 | 4.3 | 6.1% |
| Total | 18.7 | 18.2 | 19.4 | 20.5 | 3.1% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Austria in 2022:
- Hungary (255.3 tons)
- Romania (251.1 tons)
- Czech Republic (175.7 tons)
- Poland (162.9 tons)
- Italy (151.1 tons)
- Germany (122.2 tons)
- Slovakia (97.1 tons)
- Slovenia (83.1 tons)
- Greece (81.0 tons)
- Bulgaria (80.9 tons)
- Croatia (71.3 tons)
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