Price for Hand-Operated Spanners and Wrenches in Azerbaijan - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Azerbaijan (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Azerbaijan (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Azerbaijan
- Exports of Hand-Operated Spanners and Wrenches in Azerbaijan
Price for Hand-Operated Spanners and Wrenches in Azerbaijan (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $4,544 per ton in 2022, picking up by 13% against the previous year. Over the period under review, the import price, however, faced a deep slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 14%. The import price peaked at $25,155 per ton in 2012; however, from 2013 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 Turkey ($10,794 per ton), while the price for India ($1,778 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hand-Operated Spanners and Wrenches in Azerbaijan (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $44,880 per ton in 2022, waning by -22.5% against the previous year. Over the period under review, the export price, however, posted resilient growth. The growth pace was the most rapid in 2019 when the average export price increased by 1,195%. Over the period under review, the average export prices reached the maximum at $81,253 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($168,373 per ton), while the average price for exports to Kazakhstan ($13,537 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 Turkmenistan (+43.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hand-Operated Spanners and Wrenches in Azerbaijan
In 2022, approx. 464 tons of hand-operated spanners and wrencheses were imported into Azerbaijan; growing by 22% on the previous year's figure. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 40%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, hand-operated spanners and wrenches imports surged to $2.1M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hand-Operated Spanners and Wrenches in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 372 | 646 | 568 | 729 | 25.1% |
| United Arab Emirates | 377 | 210 | 272 | 377 | 0.0% |
| Turkey | 60.1 | 62.9 | 139 | 179 | 43.9% |
| Taiwan (Chinese) | 83.6 | 133 | 122 | 156 | 23.1% |
| Russia | 25.2 | 85.5 | 50.6 | 67.5 | 38.9% |
| India | 29.6 | 19.7 | 22.6 | 31.4 | 2.0% |
| Others | 456 | 424 | 366 | 571 | 7.8% |
| Total | 1,405 | 1,582 | 1,540 | 2,110 | 14.5% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Azerbaijan in 2022:
- China (333.6 tons)
- United Arab Emirates (40.1 tons)
- Taiwan (Chinese) (32.4 tons)
- India (17.7 tons)
- Turkey (16.5 tons)
- Russia (11.7 tons)
Exports of Hand-Operated Spanners and Wrenches in Azerbaijan
In 2022, hand-operated spanners and wrenches exports from Azerbaijan soared to 2.3 tons, jumping by 201% on the previous year's figure. In general, exports recorded notable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, hand-operated spanners and wrenches exports skyrocketed to $105K in 2022. Over the period under review, exports enjoyed notable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hand-Operated Spanners and Wrenches in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 41.4 | 3.0 | 13.6 | 44.6 | 2.5% |
| United Kingdom | 28.0 | 3.5 | 7.5 | 29.7 | 2.0% |
| Russia | 0.4 | 0.1 | 5.7 | 14.6 | 231.7% |
| Netherlands | 8.9 | 2.1 | 2.1 | 9.9 | 3.6% |
| Kazakhstan | 4.0 | 1.9 | 1.7 | 5.8 | 13.2% |
| Germany | 2.3 | N/A | N/A | N/A | 0% |
| Italy | 0.7 | N/A | N/A | N/A | 0% |
| Georgia | 5.1 | N/A | 0.1 | N/A | -86.0% |
| Others | 4.3 | 20.4 | 14.4 | 0.2 | -64.0% |
| Total | 95.1 | 31.0 | 45.0 | 105 | 3.4% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Azerbaijan in 2022:
- Russia (884.0 kg)
- United Kingdom (510.0 kg)
- Kazakhstan (429.0 kg)
- Norway (265.0 kg)
- Netherlands (241.0 kg)
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