Price for Hand-Operated Spanners and Wrenches in Angola - 2022
Contents:
- Price for Hand-Operated Spanners and Wrenches in Angola (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Angola (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Angola
- Exports of Hand-Operated Spanners and Wrenches in Angola
Price for Hand-Operated Spanners and Wrenches in Angola (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $10,425 per ton in 2022, declining by -1.5% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand-operated spanners and wrenches import price increased by +70.6% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 55% against the previous year. Over the period under review, average import prices reached the peak figure at $11,967 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($20,876 per ton), while the price for Brazil ($8,375 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Angola (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $28,421 per ton in 2022, increasing by 109% against the previous year. Overall, the export price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2014 when the average export price increased by 177% against the previous year. The export price peaked at $32,245 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +12.1% per year.
Imports of Hand-Operated Spanners and Wrenches in Angola
In 2022, the amount of hand-operated spanners and wrencheses imported into Angola dropped markedly to 309 tons, which is down by -28.3% compared with the previous year. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 124%. As a result, imports reached the peak of 430 tons, and then fell sharply in the following year.
In value terms, hand-operated spanners and wrenches imports shrank rapidly to $3.2M in 2022. Over the period under review, imports, however, enjoyed moderate growth. The pace of growth appeared the most rapid in 2021 with an increase of 142%. As a result, imports reached the peak of $4.6M, and then shrank dramatically in the following year.
| Import of Hand-Operated Spanners and Wrenches in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 233 | 68.5 | 104 | 2,329 | 115.4% |
| Brazil | 19.5 | 7.3 | 6.0 | 675 | 225.9% |
| Turkey | N/A | 0.1 | 3.5 | 110 | 3216.6% |
| China | 1,039 | 388 | 1,132 | N/A | 4.4% |
| France | 424 | 227 | 447 | N/A | 2.7% |
| Portugal | 632 | 418 | 632 | N/A | 0.0% |
| Others | 583 | 772 | 2,233 | 106 | -43.3% |
| Total | 2,930 | 1,881 | 4,558 | 3,219 | 3.2% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Angola in 2022:
- South Africa (222.5 tons)
- Brazil (80.5 tons)
- Turkey (5.3 tons)
Exports of Hand-Operated Spanners and Wrenches in Angola
After three years of growth, shipments abroad of hand-operated spanners and wrencheses decreased by -64.9% to 4.3 tons in 2022. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 268%.
In value terms, hand-operated spanners and wrenches exports fell remarkably to $123K in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 112% against the previous year. As a result, the exports reached the peak of $167K, and then contracted rapidly in the following year.
| Export of Hand-Operated Spanners and Wrenches in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 2.3 | 8.7 | 86.8 | 123 | 276.8% |
| Namibia | 0.2 | 61.1 | N/A | N/A | 30450.0% |
| Rwanda | N/A | 0.7 | N/A | N/A | 0% |
| Congo | 30.2 | N/A | 4.9 | N/A | -59.7% |
| Senegal | 2.1 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 69.1 | N/A | 0% |
| Others | 9.5 | 8.5 | 6.4 | N/A | -17.9% |
| Total | 44.4 | 79.0 | 167 | 123 | 40.4% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Angola in 2022:
- South Africa (4.3 tons)
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