United Kingdom - Screwdrivers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingScrewdriver Price in the UK - 2023
Contents:
- Screwdriver Price in the UK (CIF) - 2023
- Screwdriver Price in the UK (FOB) - 2022
- Screwdriver Imports in the UK
- Screwdriver Exports in the UK
Screwdriver Price in the UK (CIF) - 2023
The average screwdriver import price stood at $10,978 per ton in May 2023, picking up by 5.4% against the previous month. In general, the import price, however, showed a slight downturn. The growth pace was the most rapid in July 2022 an increase of 40% month-to-month. Over the period under review, average import prices hit record highs at $15,075 per ton in March 2023; however, from April 2023 to May 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was the Czech Republic ($38,454 per ton), while the price for Spain ($1,457 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Screwdriver Price in the UK (FOB) - 2022
In 2022, the average screwdriver export price amounted to $36,412 per ton, with an increase of 13% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, screwdriver export price increased by +63.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 44% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($96,664 per ton), while the average price for exports to Belgium ($9,360 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 the Netherlands (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Screwdriver Imports in the UK
Screwdriver imports into the UK dropped significantly to 2.8K tons in 2022, falling by -20.2% against 2021 figures. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of 3.5K tons, and then reduced rapidly in the following year.
In value terms, screwdriver imports declined markedly to $33M in 2022. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of $41M, and then fell significantly in the following year.
Import of Screwdriver in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 9.0 | 8.8 | 13.4 | 15.7 | 20.4% |
Czech Republic | 0.4 | 0.1 | 0.2 | 5.0 | 132.1% |
Taiwan (Chinese) | 2.7 | 2.2 | 2.8 | 3.1 | 4.7% |
Germany | 14.2 | 10.9 | 13.1 | 2.9 | -41.1% |
United States | 1.9 | 2.3 | 2.9 | 2.6 | 11.0% |
France | 2.0 | 1.1 | 2.4 | 0.9 | -23.4% |
Spain | 1.7 | 1.2 | 0.2 | 0.7 | -25.6% |
Belgium | 2.8 | 2.0 | 1.8 | N/A | -19.8% |
Netherlands | 1.6 | 1.0 | 1.6 | N/A | 0.0% |
Others | 3.0 | 2.8 | 2.4 | 1.7 | -17.2% |
Total | 39.4 | 32.5 | 40.8 | 32.6 | -6.1% |
Top Suppliers of Screwdriver to the UK in 2022:
- China (2099.3 tons)
- Taiwan (Chinese) (187.2 tons)
- Czech Republic (163.9 tons)
- Germany (104.1 tons)
- France (66.5 tons)
- United States (56.4 tons)
- Spain (46.8 tons)
- Belgium (2.3 tons)
- Netherlands (1.1 tons)
Screwdriver Exports in the UK
For the third consecutive year, the UK recorded decline in shipments abroad of screwdrivers, which decreased by -17.1% to 194 tons in 2022. In general, exports continue to indicate a sharp contraction.
In value terms, screwdriver exports reduced to $7.1M in 2022. Overall, exports faced a significant decrease.
Export of Screwdriver in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 2,941 | 2,204 | 1,888 | 1,312 | -23.6% |
Netherlands | 206 | 258 | 821 | 766 | 54.9% |
Ireland | 1,530 | 1,463 | 529 | 552 | -28.8% |
United States | 2,453 | 576 | 1,067 | 386 | -46.0% |
France | 1,763 | 1,114 | 318 | 259 | -47.2% |
Australia | 132 | 31.9 | 50.2 | 228 | 20.0% |
Belgium | 291 | 243 | 343 | 177 | -15.3% |
Israel | 42.1 | 67.4 | 17.0 | 156 | 54.7% |
South Africa | 824 | 30.8 | 76.6 | 138 | -44.9% |
United Arab Emirates | 43.5 | 33.8 | 48.8 | 124 | 41.8% |
Nigeria | 153 | 15.6 | 11.5 | 112 | -9.9% |
Estonia | 12.5 | 37.7 | 28.5 | 77.0 | 83.3% |
Romania | 62.8 | 56.5 | 4.7 | 56.7 | -3.3% |
Others | 8,196 | 4,166 | 2,321 | 2,729 | -30.7% |
Total | 18,650 | 10,298 | 7,525 | 7,072 | -27.6% |
Top Export Markets for Screwdriver from the UK in 2022:
- Germany (32.0 tons)
- Ireland (22.8 tons)
- Belgium (18.9 tons)
- Netherlands (18.3 tons)
- Nigeria (9.6 tons)
- Estonia (7.5 tons)
- France (7.3 tons)
- South Africa (6.1 tons)
- Israel (5.4 tons)
- United Arab Emirates (5.1 tons)
- Australia (4.9 tons)
- Romania (4.4 tons)
- United States (4.0 tons)
This report provides an in-depth analysis of the screwdriver market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25733063 - Screwdrivers
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In May 2023, the price of Screwdriver was $10,978 per ton (CIF, United Kingdom), showing a 5.2% increase compared to the previous month.
From March 2023 to September 2023, the import growth of Blow Lamp remained at a lower figure. In terms of value, Blow Lamp imports surged to $326K in September 2023.
The growth of imports for Gouges And Chisels from 2022 to 2023 remained somewhat lower, with imports shrinking significantly to $18M in 2023.
The most prominent rate of growth was recorded in June 2023 when imports of Gouges And Chisels increased by 33% against the previous month. In value terms, Gouges And Chisels imports fell dramatically to $545K in November 2023.
Exports of Gouges and Chisels saw a significant increase, reaching $879K in August 2023, although overall export growth remained somewhat lower from June to August 2023.
The global screwdriver market is expected to see continuous growth over the next seven years, with an anticipated increase in both volume and value. By 2030, the market volume is projected to reach 199K tons, while the market value is expected to hit $2B.
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