Price for Hand-Operated Spanners and Wrenches in Chile - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Chile (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Chile (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Chile
- Exports of Hand-Operated Spanners and Wrenches in Chile
Price for Hand-Operated Spanners and Wrenches in Chile (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $6,998 per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the import price, however, showed a drastic downturn. The growth pace was the most rapid in 2017 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $13,012 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($44,934 per ton), while the price for India ($2,829 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 States (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hand-Operated Spanners and Wrenches in Chile (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $111,053 per ton in 2022, which is down by -18.2% against the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. Over the period under review, the average export prices attained the peak figure at $244,599 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($246,061 per ton), while the average price for exports to Colombia ($14,165 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 Spain (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hand-Operated Spanners and Wrenches in Chile
In 2022, after three years of growth, there was significant decline in supplies from abroad of hand-operated spanners and wrencheses, when their volume decreased by -18.6% to 5K tons. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 94% against the previous year. As a result, imports attained the peak of 6.1K tons, and then reduced dramatically in the following year.
In value terms, hand-operated spanners and wrenches imports shrank to $35M in 2022. Overall, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 when imports increased by 80%. As a result, imports reached the peak of $38M, and then fell in the following year.
| Import of Hand-Operated Spanners and Wrenches in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.3 | 9.6 | 21.0 | 19.4 | 32.7% |
| Taiwan (Chinese) | 6.7 | 5.0 | 8.3 | 7.6 | 4.3% |
| United States | 3.0 | 2.7 | 2.9 | 2.6 | -4.7% |
| India | 0.4 | 0.4 | 0.8 | 0.7 | 20.5% |
| Others | 3.7 | 3.2 | 4.6 | 4.4 | 5.9% |
| Total | 22.1 | 20.9 | 37.6 | 34.7 | 16.2% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Chile in 2022:
- China (3751.3 tons)
- Taiwan (Chinese) (681.2 tons)
- India (260.6 tons)
- United States (58.5 tons)
Exports of Hand-Operated Spanners and Wrenches in Chile
In 2022, overseas shipments of hand-operated spanners and wrencheses were finally on the rise to reach 24 tons after two years of decline. In general, exports, however, faced a abrupt downturn.
In value terms, hand-operated spanners and wrenches exports surged to $2.7M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 660 | 868 | 921 | 1,256 | 23.9% |
| Peru | 701 | 697 | 489 | 844 | 6.4% |
| Paraguay | 238 | 58.4 | 113 | 183 | -8.4% |
| Uruguay | 132 | 130 | 107 | 165 | 7.7% |
| Argentina | 34.4 | 78.6 | 55.4 | 75.4 | 29.9% |
| Colombia | 34.9 | 74.7 | 2.0 | 49.9 | 12.7% |
| Spain | 2.4 | 65.8 | 1.8 | 31.3 | 135.4% |
| Others | 141 | 91.0 | 105 | 101 | -10.5% |
| Total | 1,945 | 2,064 | 1,795 | 2,707 | 11.6% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Chile in 2022:
- Peru (8.4 tons)
- Bolivia (5.1 tons)
- Colombia (3.5 tons)
- Uruguay (2.0 tons)
- Argentina (1.9 tons)
- Paraguay (1.7 tons)
- Spain (0.8 tons)
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