Price for Hand-Operated Spanners and Wrenches in Hong Kong SAR - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Hong Kong SAR (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Hong Kong SAR (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Hong Kong SAR
- Exports of Hand-Operated Spanners and Wrenches in Hong Kong SAR
Price for Hand-Operated Spanners and Wrenches in Hong Kong SAR (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $13,178 per ton, flattening at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 12%. As a result, import price reached the peak level of $14,626 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($15,380 per ton) and Japan ($13,534 per ton), while the price for China ($12,202 per ton) and the United States ($12,934 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Hong Kong SAR (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $23,529 per ton, with a decrease of -2% against the previous year. In general, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24%. The export price peaked at $24,402 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($23,778 per ton) and Germany ($23,748 per ton), while the average price for exports to the United States ($23,094 per ton) and Vietnam ($23,152 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 United States (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Hong Kong SAR
Hand-operated spanners and wrenches imports into Hong Kong SAR dropped to 568 tons in 2022, which is down by -9% compared with the year before. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 2.1%.
In value terms, hand-operated spanners and wrenches imports dropped to $7.5M in 2022. In general, imports showed a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 12%.
| Import of Hand-Operated Spanners and Wrenches in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.8 | 2.2 | 2.9 | 2.5 | -3.7% |
| China | 2.4 | 2.5 | 1.7 | 1.8 | -9.1% |
| Taiwan (Chinese) | 1.6 | 1.7 | 2.0 | 1.7 | 2.0% |
| United States | 0.8 | 0.4 | 0.7 | 0.6 | -9.1% |
| Netherlands | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| United Kingdom | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Germany | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Others | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Total | 8.4 | 7.4 | 8.3 | 7.5 | -3.7% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Hong Kong SAR in 2022:
- Japan (185.5 tons)
- China (151.0 tons)
- Taiwan (Chinese) (126.7 tons)
- United States (47.4 tons)
- Germany (16.2 tons)
- Netherlands (13.0 tons)
- United Kingdom (11.4 tons)
Exports of Hand-Operated Spanners and Wrenches in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of hand-operated spanners and wrencheses, which decreased by -7.9% to 289 tons in 2022. In general, exports showed a abrupt downturn.
In value terms, hand-operated spanners and wrenches exports fell to $6.8M in 2022. Overall, exports showed a deep slump. The smallest decline of -8.1% was in 2020.
| Export of Hand-Operated Spanners and Wrenches in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 4.1 | 2.9 | 2.7 | -12.3% |
| United States | 1.8 | 1.3 | 1.8 | 1.3 | -10.3% |
| Japan | 0.8 | 1.1 | 0.3 | 0.6 | -9.1% |
| Germany | 0.6 | 0.5 | 0.8 | 0.6 | 0.0% |
| Mexico | 0.7 | 0.7 | 0.6 | 0.5 | -10.6% |
| United Kingdom | 0.5 | 0.3 | 0.1 | 0.2 | -26.3% |
| Vietnam | 0.5 | 0.2 | 0.3 | 0.2 | -26.3% |
| Others | 0.8 | 0.7 | 0.7 | 0.6 | -9.1% |
| Total | 9.8 | 9.0 | 7.5 | 6.8 | -11.5% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Hong Kong SAR in 2022:
- China (114.5 tons)
- United States (58.1 tons)
- Germany (25.2 tons)
- Japan (23.8 tons)
- Mexico (21.2 tons)
- Vietnam (10.0 tons)
- United Kingdom (8.9 tons)
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