Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Norway - 2024
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Norway (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Norway (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Norway
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Norway
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Norway (CIF) - 2022
In 2022, the average import price for tools; for working in the hand, pneumatic, other than rotary type amounted to $130 per unit, increasing by 19% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tools; for working in the hand, pneumatic, other than rotary type increased by +32.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of 42%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($259 per unit), while the price for India ($42 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), 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 Norway (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, other than rotary type amounted to $55 per unit, reducing by -39.9% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2017 an increase of 52% against the previous year. The export price peaked at $174 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($563 per unit), while the average price for exports to Austria ($3.4 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 (+15.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Norway
After three years of growth, supplies from abroad of tools; for working in the hand, pneumatic, other than rotary type decreased by -23.7% to 60K units in 2022. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Over the period under review, imports of tools; for working in hand, pneumatic, other than rotary type attained the maximum at 79K units in 2021, and then contracted dramatically in the following year.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type declined to $7.8M in 2022. The total import value increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of $8.5M, and then fell in the following year.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 923 | 1,550 | 2,754 | 2,040 | 30.3% |
| Taiwan (Chinese) | 2,405 | 2,467 | 2,557 | 1,890 | -7.7% |
| United Kingdom | 394 | 254 | 456 | 559 | 12.4% |
| Sweden | 688 | 479 | 600 | 547 | -7.4% |
| Denmark | 411 | 427 | 453 | 528 | 8.7% |
| Germany | 615 | 268 | 553 | 368 | -15.7% |
| India | 84.3 | 64.8 | 79.5 | 64.3 | -8.6% |
| Others | 924 | 1,182 | 1,096 | 1,780 | 24.4% |
| Total | 6,445 | 6,692 | 8,549 | 7,776 | 6.5% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Norway in 2022:
- China (28.5K units)
- Taiwan (Chinese) (13.9K units)
- Sweden (4.1K units)
- Germany (3.3K units)
- Denmark (2.3K units)
- United Kingdom (2.2K units)
- India (1.5K units)
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Norway
For the fourth year in a row, Norway recorded growth in overseas shipments of tools; for working in the hand, pneumatic, other than rotary type, which increased by 88% to 27K units in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type expanded sharply to $1.5M in 2022. The total export value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 31.7 | 92.1 | 12.7 | 386 | 130.1% |
| Sweden | 351 | 406 | 416 | 300 | -5.1% |
| Denmark | 124 | 137 | 124 | 95.5 | -8.3% |
| Finland | 88.3 | 134 | 179 | 91.3 | 1.1% |
| Austria | N/A | N/A | N/A | 58.9 | 0% |
| United States | 30.2 | 111 | 32.1 | 27.1 | -3.5% |
| Poland | 83.3 | 93.9 | 14.7 | 15.7 | -42.7% |
| Brazil | 20.6 | 0.5 | 271 | 0.6 | -69.2% |
| Others | 396 | 346 | 290 | 541 | 11.0% |
| Total | 1,125 | 1,321 | 1,339 | 1,516 | 10.5% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Norway in 2022:
- Austria (17.5K units)
- Sweden (4.6K units)
- Finland (1.6K units)
- Denmark (0.8K units)
- Poland (0.8K units)
- France (0.7K units)
- United States (0.5K units)
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