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Screwdriver imports peaked in 2023 and are projected to continue growing in the short term. However, the value of screwdriver imports dropped to $8.9M in 2023.
From 2019 to 2023, the growth of imports for Screwdriver remained steady, with a slight increase in value to $45M in 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.
The exports of Screwdrivers reached a peak of 2.5K tons in 2020 but saw a decline from 2021 to 2023. In terms of value, screwdriver exports amounted to $35M in 2023.
During the period of analysis, Screwdriver exports peaked at 71K tons in 2021, but struggled to regain momentum from 2022 to 2023. In terms of value, Screwdriver exports declined to $428M in 2023.
In March 2023, Screwdriver exports saw a significant 99% month-on-month growth, reaching a value of $37M in December 2023.
The rate of growth of Screwdriver imports reached its peak in February 2023 with a month-to-month increase of 197%. In terms of value, screwdriver imports surged to $319K in September 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.
In terms of value, imports of Screwdrivers surged to $18M in May 2023.
In value terms, screwdriver exports reached $43M in April 2023.
In Feb. 2023, the screwdriver price dropped to $4,375/ton (CIF, Brazil), down 11.7% from the prior month.
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