Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Finland - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Finland (CIF) - 2023
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Finland (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Finland
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Finland
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Finland (CIF) - 2023
In December 2023, the average import price for tools; for working in the hand, pneumatic, other than rotary type amounted to $108 per unit, reducing by -38.6% against the previous month. Overall, the import price continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 212% month-to-month. The import price peaked at $458 per unit in September 2023; however, from October 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Denmark ($759 per unit), while the price for China ($73.2 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Estonia (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Finland (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, other than rotary type amounted to $202 per unit, dropping by -5.2% against the previous year. Overall, the export price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2021 an increase of 20% against the previous year. The export price peaked at $240 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($320 per unit), while the average price for exports to Latvia ($91 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Finland
In 2022, after three years of growth, there was significant decline in overseas purchases of tools; for working in the hand, pneumatic, other than rotary type, when their volume decreased by -13% to 33K units. Over the period under review, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 6.2%. As a result, imports reached the peak of 38K units, and then fell in the following year.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type dropped dramatically to $4.3M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 20%. Over the period under review, imports of tools; for working in hand, pneumatic, other than rotary type attained the peak figure at $5.2M in 2021, and then dropped markedly in the following year.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | 1,033 | 1,367 | 1,089 | 2.7% | |
| Sweden | 870 | 906 | 746 | -7.4% | |
| Netherlands | 887 | 1,110 | 687 | -12.0% | |
| United States | 98.9 | 408 | 353 | 88.9% | |
| Germany | 382 | 278 | 308 | -10.2% | |
| Austria | 210 | 190 | 219 | 2.1% | |
| Taiwan (Chinese) | 141 | 101 | 217 | 24.1% | |
| Denmark | 249 | 201 | 154 | -21.4% | |
| Others | 791 | 633 | 548 | -16.8% | |
| Total | 4,663 | 5,195 | 4,320 | -3.7% | |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Finland in 2022:
- China (16.3K units)
- Sweden (6.3K units)
- Netherlands (2.3K units)
- Taiwan (Chinese) (1.7K units)
- United States (1.5K units)
- Denmark (0.9K units)
- Germany (0.8K units)
- Austria (0.7K units)
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Finland
After three years of growth, shipments abroad of tools; for working in the hand, pneumatic, other than rotary type decreased by -28.5% to 3.5K units in 2022. In general, exports showed a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 7.7%. As a result, the exports reached the peak of 4.8K units, and then dropped notably in the following year.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type declined notably to $700K in 2022. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $1M, and then fell dramatically in the following year.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 125 | 99.6 | 283 | 157 | 7.9% |
| Sweden | 145 | 193 | 197 | 146 | 0.2% |
| Estonia | 212 | 228 | 201 | 131 | -14.8% |
| Latvia | 37.8 | 42.3 | 55.0 | 52.8 | 11.8% |
| Lithuania | 28.6 | 29.7 | 52.8 | 41.4 | 13.1% |
| Russia | 118 | 72.2 | 84.9 | 40.0 | -30.3% |
| Kazakhstan | 4.4 | N/A | N/A | 35.7 | 100.9% |
| Netherlands | 2.5 | 63.4 | 20.9 | 2.0 | -7.2% |
| Others | 237 | 69.9 | 137 | 94.5 | -26.4% |
| Total | 910 | 797 | 1,032 | 700 | -8.4% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Finland in 2022:
- France (778.0 units)
- Estonia (730.0 units)
- Sweden (617.0 units)
- Latvia (582.0 units)
- Kazakhstan (214.0 units)
- Lithuania (180.0 units)
- Russia (125.0 units)
- Netherlands (9.0 units)
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