Price for Tools, Hand; Other than Household Tools in Slovakia - 2023

Contents:

  1. Price for Tools, Hand; Other than Household Tools in Slovakia (CIF) - 2022
  2. Price for Tools, Hand; Other than Household Tools in Slovakia (FOB) - 2023
  3. Imports of Tools, Hand; Other than Household Tools in Slovakia
  4. Exports of Tools, Hand; Other than Household Tools in Slovakia

Price for Tools, Hand; Other than Household Tools in Slovakia (CIF) - 2022

In 2022, the average import price for tools, hand; other than household toolses amounted to $8,222 per ton, with an increase of 6.9% against the previous year. Over the period under review, the import price recorded a mild expansion. The most prominent rate of growth was recorded in 2016 an increase of 71% against the previous year. The import price peaked at $10,992 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Austria ($9,490 per ton), while the price for China ($5,672 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 Tools, Hand; Other than Household Tools in Slovakia (FOB) - 2023

In October 2023, the average export price for tools, hand; other than household toolses amounted to $8,018 per ton, stabilizing at the previous month. Overall, the export price saw a pronounced increase. The pace of growth was the most pronounced in June 2023 when the average export price increased by 168% against the previous month. As a result, the export price reached the peak level of $26,139 per ton. From July 2023 to October 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($25,814 per ton), while the average price for exports to Turkey ($3,055 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tools, Hand; Other than Household Tools in Slovakia

In 2022, supplies from abroad of tools, hand; other than household toolses increased by 3.3% to 1.9K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a sharp slump.

In value terms, imports of tools, hand; other than household toolses expanded remarkably to $16M in 2022. Overall, imports, however, saw a sharp contraction.

Import of Tools, Hand; Other than Household Tools in Slovakia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Czech Republic2.94.84.95.221.5%
Germany33.05.23.84.0-50.5%
Poland0.81.21.62.137.9%
Austria0.31.01.11.258.7%
China2.60.60.50.6-38.7%
Netherlands0.50.10.10.3-15.7%
Others3.51.92.12.3-13.1%
Total43.514.714.215.7-28.8%

Top Suppliers of Tools, Hand; Other than Household Tools to Slovakia in 2022:

  1. Czech Republic (741.3 tons)
  2. Germany (424.1 tons)
  3. Poland (331.2 tons)
  4. Austria (129.1 tons)
  5. China (108.4 tons)
  6. Netherlands (46.8 tons)

Exports of Tools, Hand; Other than Household Tools in Slovakia

In 2022, the amount of tools, hand; other than household toolses exported from Slovakia stood at 711 tons, approximately equating 2021 figures. The total export volume increased at an average annual rate of +12.5% 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 2020 when exports increased by 29%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of tools, hand; other than household toolses dropped remarkably to $4.8M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year.

Export of Tools, Hand; Other than Household Tools in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1,9482,7313,1101,567-7.0%
Czech Republic8426728818771.4%
Hungary498601566428-4.9%
Poland528664526397-9.1%
Austria88.612418938563.2%
Romania1711782402096.9%
Croatia82.514279.283.70.5%
Serbia34.449.960.359.820.2%
Egypt23.337.633.045.424.9%
Others51850668072611.9%
Total4,7345,7066,3654,7770.3%

Top Export Markets for Tools, Hand; Other than Household Tools from Slovakia in 2022:

  1. Czech Republic (199.1 tons)
  2. Germany (166.8 tons)
  3. Hungary (95.6 tons)
  4. Romania (59.4 tons)
  5. Austria (57.2 tons)
  6. Egypt (41.5 tons)
  7. Poland (16.7 tons)
  8. Croatia (12.5 tons)
  9. Serbia (11.1 tons)

Source: IndexBox Market Intelligence Platform

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