Price for Tools, Hand; Other than Household Tools in Luxembourg - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in Luxembourg (CIF) - 2023
- Price for Tools, Hand; Other than Household Tools in Luxembourg (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Luxembourg
- Exports of Tools, Hand; Other than Household Tools in Luxembourg
Price for Tools, Hand; Other than Household Tools in Luxembourg (CIF) - 2023
In October 2023, the average import price for tools, hand; other than household toolses amounted to $52,905 per ton, growing by 196% against the previous month. In general, the import price continues to indicate a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($67,952 per ton), while the price for China amounted to $20,894 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Luxembourg (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $26,352 per ton, waning by -10.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 65% against the previous year. Over the period under review, the average export prices attained the maximum at $38,693 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($185,351 per ton), while the average price for exports to France ($10,935 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 United States (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tools, Hand; Other than Household Tools in Luxembourg
In 2022, approx. 1.1K tons of tools, hand; other than household toolses were imported into Luxembourg; shrinking by -15.4% on 2021. In general, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of 1.3K tons, and then dropped rapidly in the following year.
In value terms, imports of tools, hand; other than household toolses expanded remarkably to $13M in 2022. Over the period under review, imports recorded a relatively flat trend pattern.
| Import of Tools, Hand; Other than Household Tools in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.9 | 6.6 | 6.6 | 7.7 | 9.3% |
| Belgium | 1.9 | 2.1 | 3.2 | 2.2 | 5.0% |
| France | 1.6 | 1.0 | 0.8 | 1.0 | -14.5% |
| Netherlands | 0.3 | 0.2 | 0.4 | 0.4 | 10.1% |
| Others | 3.0 | 1.7 | 0.9 | 1.3 | -24.3% |
| Total | 12.6 | 11.7 | 11.9 | 12.5 | -0.3% |
Top Suppliers of Tools, Hand; Other than Household Tools to Luxembourg in 2022:
- Germany (583.7 tons)
- Belgium (442.7 tons)
- France (40.1 tons)
- Netherlands (25.0 tons)
Exports of Tools, Hand; Other than Household Tools in Luxembourg
In 2022, shipments abroad of tools, hand; other than household toolses increased by 23% to 55 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep downturn.
In value terms, exports of tools, hand; other than household toolses expanded markedly to $1.5M in 2022. In general, exports, however, saw a abrupt decline.
| Export of Tools, Hand; Other than Household Tools in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 501 | 456 | 318 | 277 | -17.9% |
| Germany | 515 | 418 | 142 | 181 | -29.4% |
| France | 288 | 184 | 119 | 180 | -14.5% |
| United States | 408 | 221 | 52.3 | 180 | -23.9% |
| Others | 511 | 497 | 686 | 635 | 7.5% |
| Total | 2,224 | 1,776 | 1,317 | 1,452 | -13.2% |
Top Export Markets for Tools, Hand; Other than Household Tools from Luxembourg in 2022:
- France (16.5 tons)
- Belgium (15.1 tons)
- Germany (15.0 tons)
- United States (1.0 tons)
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