Price for Hand-Operated Spanners and Wrenches in Iran - 2021
Contents:
- Price for Hand-Operated Spanners and Wrenches in Iran (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Iran (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Iran
- Exports of Hand-Operated Spanners and Wrenches in Iran
Price for Hand-Operated Spanners and Wrenches in Iran (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $6,994 per ton in 2022, jumping by 33% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 +55.4% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($27,979 per ton), while the price for India ($3,980 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 (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Iran (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $1,859 per ton in 2022, dropping by -53.5% against the previous year. Over the period under review, the export price saw a deep slump. The growth pace was the most rapid in 2015 an increase of 102% against the previous year. As a result, the export price reached the peak level of $9,364 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($6,000 per ton), while the average price for exports to Tajikistan ($1,468 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 (+10.9%), while the prices for the other major destinations experienced a decline.
Imports of Hand-Operated Spanners and Wrenches in Iran
For the third consecutive year, Iran recorded decline in purchases abroad of hand-operated spanners and wrencheses, which decreased by -7.5% to 736 tons in 2022. In general, imports recorded a sharp setback.
In value terms, hand-operated spanners and wrenches imports surged to $5.2M in 2022. Overall, imports saw a deep reduction.
| Import of Hand-Operated Spanners and Wrenches in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.5 | 3.2 | 3.0 | 4.4 | -12.2% |
| Taiwan (Chinese) | 0.6 | 0.2 | 0.3 | 0.2 | -30.7% |
| Turkey | 0.3 | N/A | 0.4 | 0.1 | -30.7% |
| India | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Others | 0.8 | 0.5 | 0.3 | 0.5 | -14.5% |
| Total | 8.3 | 4.0 | 4.2 | 5.2 | -14.4% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Iran in 2022:
- China (691.6 tons)
- Taiwan (Chinese) (31.0 tons)
- Turkey (6.1 tons)
- India (0.7 tons)
Exports of Hand-Operated Spanners and Wrenches in Iran
After two years of decline, overseas shipments of hand-operated spanners and wrencheses increased by 4,249% to 11 tons in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hand-operated spanners and wrenches exports skyrocketed to $20K in 2022. Overall, exports enjoyed mild 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 Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tajikistan | N/A | 4.7 | 0.2 | 14.4 | 75.0% |
| New Zealand | N/A | 1.4 | 0.1 | 2.0 | 19.5% |
| Azerbaijan | 0.4 | 0.4 | N/A | 1.4 | 51.8% |
| Turkey | N/A | N/A | 0.4 | 1.0 | 150.0% |
| Sri Lanka | 1.8 | N/A | N/A | N/A | 0% |
| Malaysia | 9.3 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 1.3 | 0.4 | N/A | N/A | -69.2% |
| Others | 6.3 | 6.0 | 0.2 | 0.8 | -49.7% |
| Total | 19.0 | 12.9 | 1.0 | 19.6 | 1.0% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Iran in 2022:
- United Arab Emirates (undefined tons)
- Azerbaijan (undefined tons)
- Tajikistan (9.8 tons)
- Turkey (0.4 tons)
- New Zealand (0.1 tons)
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