Australia - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInterchangeable Spanner Socket Price in Australia - 2023
Contents:
- Interchangeable Spanner Socket Price in Australia (CIF) - 2022
- Interchangeable Spanner Socket Price in Australia (FOB) - 2022
- Interchangeable Spanner Socket Imports in Australia
- Interchangeable Spanner Socket Exports in Australia
Interchangeable Spanner Socket Price in Australia (CIF) - 2022
In 2022, the average interchangeable spanner socket import price amounted to $11,930 per ton, growing by 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2018 an increase of 39% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($11,930 per ton), while the price for China ($11,930 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Interchangeable Spanner Socket Price in Australia (FOB) - 2022
The average interchangeable spanner socket export price stood at $18,879 per ton in 2022, shrinking by -22.3% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, interchangeable spanner socket export price increased by +6.2% against 2020 indices. The growth pace was the most rapid in 2018 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices attained the peak figure at $24,294 per ton in 2021, and then dropped notably in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($18,876 per ton) and Papua New Guinea ($18,874 per ton), while the average price for exports to the Philippines ($18,866 per ton) and Ethiopia ($18,871 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Interchangeable Spanner Socket Imports in Australia
For the fourth year in a row, Australia recorded growth in supplies from abroad of interchangeable spanner sockets, which increased by 29% to 4.9K tons in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, interchangeable spanner socket imports soared to $59M in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 40%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Interchangeable Spanner Socket in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 20.2 | 20.2 | 29.7 | 39.2 | 24.7% |
| China | 5.1 | 5.9 | 8.7 | 11.0 | 29.2% |
| United States | 3.8 | 3.8 | 4.3 | 7.0 | 22.6% |
| Others | 1.8 | 1.7 | 1.7 | 1.6 | -3.9% |
| Total | 30.8 | 31.7 | 44.4 | 58.8 | 24.1% |
Top Suppliers of Interchangeable Spanner Socket to Australia in 2022:
- Taiwan (Chinese) (3.3K tons)
- China (0.9K tons)
- United States (0.6K tons)
Interchangeable Spanner Socket Exports in Australia
In 2022, the amount of interchangeable spanner sockets exported from Australia skyrocketed to 207 tons, with an increase of 131% on the previous year's figure. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, interchangeable spanner socket exports soared to $3.9M in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Interchangeable Spanner Socket in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 731 | 692 | 992 | 2,187 | 44.1% |
| Japan | 0.5 | 48.6 | 105 | 299 | 742.5% |
| United States | 189 | 214 | 249 | 211 | 3.7% |
| Indonesia | 28.7 | 31.1 | 81.1 | 142 | 70.4% |
| Germany | 7.2 | 30.2 | 12.8 | 130 | 162.3% |
| Chile | 0.4 | 1.1 | N/A | 117 | 563.8% |
| Papua New Guinea | 139 | 148 | 162 | 96.8 | -11.4% |
| Timor-Leste | N/A | N/A | 0.2 | 91.9 | 45850.0% |
| Senegal | 1.4 | 8.2 | 4.0 | 73.2 | 273.9% |
| Ethiopia | N/A | N/A | N/A | 64.3 | 0% |
| New Caledonia | 177 | 20.2 | 1.9 | 3.5 | -73.0% |
| Others | 392 | 656 | 569 | 493 | 7.9% |
| Total | 1,665 | 1,849 | 2,176 | 3,908 | 32.9% |
Top Export Markets for Interchangeable Spanner Socket from Australia in 2022:
- New Zealand (115.9 tons)
- Japan (15.9 tons)
- United States (11.2 tons)
- Indonesia (7.5 tons)
- Germany (6.9 tons)
- Chile (6.2 tons)
- Papua New Guinea (5.1 tons)
- Timor-Leste (4.9 tons)
- Senegal (3.9 tons)
- Ethiopia (3.4 tons)
- New Caledonia (0.2 tons)
This report provides an in-depth analysis of the interchangeable spanner socket market in Australia. 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 25733037 - Interchangeable spanner sockets
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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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