Price for Hand-Operated Spanners and Wrenches in Italy - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Italy (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Italy (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Italy
- Exports of Hand-Operated Spanners and Wrenches in Italy
Price for Hand-Operated Spanners and Wrenches in Italy (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $10,812 per ton, picking up by 10% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained 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 Belgium ($21,747 per ton), while the price for India ($4,702 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Italy (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $24,565 per ton, picking up by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2018 when the average export price increased by 17%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($176,421 per ton), while the average price for exports to Brazil ($7,253 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 Belgium (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Italy
In 2022, the amount of hand-operated spanners and wrencheses imported into Italy reached 7.6K tons, rising by 4.3% against the previous year's figure. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, hand-operated spanners and wrenches imports expanded notably to $83M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Hand-Operated Spanners and Wrenches in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 16.9 | 13.3 | 18.5 | 21.3 | 8.0% |
| Germany | 12.1 | 10.3 | 14.2 | 16.3 | 10.4% |
| China | 9.5 | 7.9 | 12.5 | 14.4 | 14.9% |
| France | 2.5 | 3.1 | 5.2 | 6.0 | 33.9% |
| India | 2.5 | 2.3 | 3.9 | 4.5 | 21.6% |
| Spain | 1.7 | 2.1 | 2.7 | 3.1 | 22.2% |
| Belgium | 1.4 | 1.5 | 2.2 | 2.5 | 21.3% |
| Austria | 1.5 | 1.1 | 1.6 | 1.9 | 8.2% |
| Netherlands | 1.7 | 0.9 | 0.9 | 1.3 | -8.6% |
| Others | 6.9 | 6.9 | 10.1 | 11.4 | 18.2% |
| Total | 56.7 | 49.4 | 71.9 | 82.6 | 13.4% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Italy in 2022:
- China (2467.9 tons)
- Taiwan (Chinese) (1494.4 tons)
- Germany (1143.9 tons)
- India (957.3 tons)
- France (297.9 tons)
- Spain (286.8 tons)
- Austria (233.9 tons)
- Netherlands (177.0 tons)
- Belgium (116.2 tons)
Exports of Hand-Operated Spanners and Wrenches in Italy
In 2022, approx. 1.8K tons of hand-operated spanners and wrencheses were exported from Italy; waning by -27.6% against the previous year's figure. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of 2.5K tons, and then dropped rapidly in the following year.
In value terms, hand-operated spanners and wrenches exports shrank rapidly to $44M in 2022. Overall, exports saw a mild downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. As a result, the exports reached the peak of $53M, and then fell notably in the following year.
| Export of Hand-Operated Spanners and Wrenches in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 10.5 | 10.5 | 12.9 | 10.7 | 0.6% |
| Belgium | 5.8 | 5.6 | 5.8 | 4.8 | -6.1% |
| Germany | 3.7 | 3.6 | 4.6 | 3.8 | 0.9% |
| United States | 2.2 | 2.6 | 3.3 | 2.8 | 8.4% |
| China | 2.4 | 2.5 | 3.1 | 2.5 | 1.4% |
| Spain | 2.6 | 2.3 | 2.9 | 2.4 | -2.6% |
| Turkey | 1.2 | 1.2 | 2.8 | 2.3 | 24.2% |
| Poland | 1.6 | 1.3 | 1.6 | 1.3 | -6.7% |
| Austria | 1.3 | 1.1 | 1.5 | 1.2 | -2.6% |
| United Kingdom | 1.6 | 1.3 | 1.4 | 1.2 | -9.1% |
| Brazil | 0.9 | 0.9 | 1.3 | 1.1 | 6.9% |
| Sweden | 0.5 | 0.4 | 0.7 | 0.6 | 6.3% |
| Others | 11.5 | 9.1 | 10.6 | 9.4 | -6.5% |
| Total | 45.5 | 42.5 | 52.7 | 44.2 | -1.0% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Italy in 2022:
- China (299.4 tons)
- France (266.6 tons)
- Germany (265.7 tons)
- Brazil (148.7 tons)
- United States (146.6 tons)
- Spain (93.9 tons)
- Poland (64.7 tons)
- Sweden (57.2 tons)
- Austria (56.9 tons)
- Turkey (54.3 tons)
- United Kingdom (34.7 tons)
- Belgium (27.1 tons)
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