China - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInterchangeable Spanner Socket Price in China - 2023
Contents:
- Interchangeable Spanner Socket Price in China (FOB) - 2022
- Interchangeable Spanner Socket Price in China (CIF) - 2022
- Interchangeable Spanner Socket Exports in China
- Interchangeable Spanner Socket Imports in China
Interchangeable Spanner Socket Price in China (FOB) - 2022
In 2022, the average interchangeable spanner socket export price amounted to $5,235 per ton, with an increase of 9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($5,895 per ton), while the average price for exports to Indonesia ($3,839 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 Arab Emirates (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Interchangeable Spanner Socket Price in China (CIF) - 2022
In 2022, the average interchangeable spanner socket import price amounted to $4,537 per ton, jumping by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $5,583 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($84,708 per ton), while the price for Vietnam ($2,352 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.2%), while the prices for the other major suppliers experienced a decline.
Interchangeable Spanner Socket Exports in China
In 2022, shipments abroad of interchangeable spanner sockets decreased by -4.3% to 84K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 35%. As a result, the exports attained the peak of 88K tons, and then contracted in the following year.
In value terms, interchangeable spanner socket exports stood at $442M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
Export of Interchangeable Spanner Socket in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 98.8 | 124 | 163 | 157 | 16.7% |
Canada | 10.5 | 22.6 | 22.4 | 24.8 | 33.2% |
Russia | 8.9 | 8.8 | 11.4 | 15.3 | 19.8% |
Poland | 9.1 | 8.1 | 9.9 | 13.1 | 12.9% |
India | 5.5 | 7.1 | 10.6 | 13.0 | 33.2% |
Germany | 7.8 | 7.4 | 12.1 | 11.6 | 14.1% |
Netherlands | 5.3 | 4.6 | 9.6 | 11.5 | 29.5% |
United Kingdom | 6.0 | 8.2 | 13.4 | 10.9 | 22.0% |
Brazil | 5.4 | 7.7 | 10.7 | 10.5 | 24.8% |
United Arab Emirates | 0.9 | 3.5 | 4.3 | 9.1 | 116.2% |
Thailand | 5.8 | 7.0 | 9.9 | 8.9 | 15.3% |
Mexico | 2.2 | 3.1 | 6.2 | 8.5 | 56.9% |
Indonesia | 3.7 | 4.4 | 5.2 | 6.6 | 21.3% |
Others | 74.8 | 86.6 | 135 | 141 | 23.5% |
Total | 244 | 303 | 424 | 442 | 21.9% |
Top Export Markets for Interchangeable Spanner Socket from China in 2022:
- United States (28.5K tons)
- Canada (4.9K tons)
- Russia (3.5K tons)
- Poland (3.1K tons)
- India (2.7K tons)
- Brazil (2.5K tons)
- Netherlands (2.2K tons)
- Germany (2.1K tons)
- United Arab Emirates (2.0K tons)
- United Kingdom (1.8K tons)
- Thailand (1.8K tons)
- Indonesia (1.7K tons)
- Mexico (1.6K tons)
Interchangeable Spanner Socket Imports in China
In 2022, supplies from abroad of interchangeable spanner sockets decreased by -35.5% to 11K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of 16K tons, and then declined rapidly in the following year.
In value terms, interchangeable spanner socket imports contracted rapidly to $48M in 2022. In general, imports showed a slight contraction. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of $61M, and then plummeted in the following year.
Import of Interchangeable Spanner Socket in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 2.1 | 1.9 | 2.0 | 2.1 | 0.0% |
Germany | 2.3 | 2.0 | 2.6 | 2.0 | -4.6% |
Vietnam | N/A | 0.6 | 4.4 | 1.9 | 78.0% |
Taiwan (Chinese) | 42.3 | N/A | N/A | N/A | 0% |
Others | 3.0 | 42.3 | 52.0 | 41.8 | 140.6% |
Total | 49.6 | 46.8 | 61.0 | 47.8 | -1.2% |
Top Suppliers of Interchangeable Spanner Socket to China in 2022:
- Japan (undefinedK tons)
- Germany (undefinedK tons)
- Vietnam (0.8K tons)
This report provides an in-depth analysis of the interchangeable spanner socket market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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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
This report provides an in-depth analysis of the interchangeable spanner socket market in China.
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This report provides an in-depth analysis of the global interchangeable spanner socket market.
This report provides an in-depth analysis of the global hand tools market.
This report provides an in-depth analysis of the global manifold business form market.
This report provides an in-depth analysis of the interchangeable spanner socket market in China.
This report provides an in-depth analysis of the global interchangeable spanner socket market.
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