Price for Hand-Operated Spanners and Wrenches in Ireland - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Ireland (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Ireland (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Ireland
- Exports of Hand-Operated Spanners and Wrenches in Ireland
Price for Hand-Operated Spanners and Wrenches in Ireland (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $13,855 per ton, rising by 14% against the previous year. In general, the import price recorded a resilient expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 66%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 UK ($28,328 per ton), while the price for India ($5,450 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Ireland (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $6,989 per ton in 2022, shrinking by -16.4% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 16%. The export price peaked at $9,214 per ton in 2020; however, from 2021 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 the UK ($10,481 per ton), while the average price for exports to Germany ($5,723 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 UK (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hand-Operated Spanners and Wrenches in Ireland
In 2022, purchases abroad of hand-operated spanners and wrencheses was finally on the rise to reach 1.5K tons after two years of decline. Overall, imports, however, recorded a perceptible curtailment.
In value terms, hand-operated spanners and wrenches imports soared to $21M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years.
| Import of Hand-Operated Spanners and Wrenches in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1.6 | 0.5 | 3.6 | 4.1 | 36.8% |
| China | 2.7 | 1.3 | 3.8 | 3.7 | 11.1% |
| United Kingdom | 8.1 | 14.2 | 3.0 | 3.3 | -25.9% |
| United States | 3.0 | 1.8 | 2.5 | 3.1 | 1.1% |
| India | 2.5 | 2.0 | 2.1 | 2.1 | -5.6% |
| Germany | 1.8 | 1.2 | 1.0 | 1.9 | 1.8% |
| Belgium | N/A | N/A | 0.8 | 0.8 | 0.0% |
| Others | 0.7 | 0.8 | 1.7 | 2.4 | 50.8% |
| Total | 20.5 | 21.7 | 18.5 | 21.4 | 1.4% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Ireland in 2022:
- China (542.2 tons)
- India (380.6 tons)
- Taiwan (Chinese) (224.2 tons)
- Germany (164.8 tons)
- United Kingdom (117.0 tons)
- Belgium (32.5 tons)
- United States (17.3 tons)
Exports of Hand-Operated Spanners and Wrenches in Ireland
In 2022, the amount of hand-operated spanners and wrencheses exported from Ireland shrank slightly to 852 tons, which is down by -1.7% against 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 26%. As a result, the exports reached the peak of 866 tons, and then reduced slightly in the following year.
In value terms, hand-operated spanners and wrenches exports declined remarkably to $6M in 2022. Overall, exports recorded a perceptible decrease. The growth pace was the most rapid in 2021 when exports increased by 14% against the previous year. As a result, the exports reached the peak of $7.2M, and then contracted markedly in the following year.
| Export of Hand-Operated Spanners and Wrenches in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.4 | 2.8 | 3.7 | 4.3 | 8.1% |
| United Kingdom | 1.7 | 1.9 | 1.9 | 0.7 | -25.6% |
| France | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Switzerland | 0.4 | 0.4 | 0.2 | N/A | -29.3% |
| Others | 1.1 | 1.2 | 1.3 | 0.8 | -10.1% |
| Total | 6.8 | 6.4 | 7.2 | 6.0 | -4.1% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Ireland in 2022:
- Germany (748.5 tons)
- United Kingdom (65.4 tons)
- France (25.2 tons)
- Switzerland (1.0 tons)
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