Price for Hand-Operated Spanners and Wrenches in Israel - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Israel (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Israel (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Israel
- Exports of Hand-Operated Spanners and Wrenches in Israel
Price for Hand-Operated Spanners and Wrenches in Israel (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $13,549 per ton in 2022, picking up by 1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 when the average import price increased by 19% against the previous year. Over the period under review, average import prices attained the maximum at $14,425 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($15,000 per ton) and China ($14,049 per ton), while the price for the United States ($12,901 per ton) and Spain ($13,009 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Israel (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $23,781 per ton, waning by -2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 35% against the previous year. The export price peaked at $24,453 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($25,001 per ton) and Germany ($24,030 per ton), while the average price for exports to Singapore ($21,524 per ton) and the United States ($23,333 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 Slovenia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Israel
In 2022, the amount of hand-operated spanners and wrencheses imported into Israel stood at 902 tons, surging by 6.6% compared with 2021. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, hand-operated spanners and wrenches imports rose significantly to $12M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.2% 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 +52.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Hand-Operated Spanners and Wrenches in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 2.0 | 3.7 | 3.9 | 17.6% |
| Taiwan (Chinese) | 2.4 | 1.8 | 3.5 | 3.7 | 15.5% |
| United States | 2.5 | 1.4 | 2.0 | 2.1 | -5.6% |
| Germany | 0.7 | 0.8 | 0.8 | 0.8 | 4.6% |
| Spain | 0.4 | 0.2 | 0.3 | 0.3 | -9.1% |
| Others | 1.0 | 1.7 | 1.0 | 1.4 | 11.9% |
| Total | 9.4 | 8.0 | 11.3 | 12.2 | 9.1% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Israel in 2022:
- China (280.8 tons)
- Taiwan (Chinese) (276.6 tons)
- United States (159.8 tons)
- Germany (61.6 tons)
- Spain (24.0 tons)
Exports of Hand-Operated Spanners and Wrenches in Israel
Hand-operated spanners and wrenches exports from Israel contracted remarkably to 17 tons in 2022, falling by -37% compared with the previous year's figure. Over the period under review, exports continue to indicate a sharp slump. The smallest decline of -36% was in 2021.
In value terms, hand-operated spanners and wrenches exports reduced sharply to $393K in 2022. Overall, exports continue to indicate a sharp contraction. The smallest decline of -33.1% was in 2021.
| Export of Hand-Operated Spanners and Wrenches in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 78.0 | 278 | 224 | 93.5 | 6.2% |
| United States | 131 | 507 | 79.6 | 86.5 | -12.9% |
| Germany | 498 | 23.0 | 21.6 | 64.7 | -49.4% |
| Singapore | 14.0 | 1.0 | 65.5 | 27.3 | 24.9% |
| Turkey | 12.0 | 20.0 | 64.9 | 27.1 | 31.2% |
| Belgium | 4.0 | 33.0 | 43.3 | 18.0 | 65.1% |
| Taiwan (Chinese) | 126 | 1.0 | 2.6 | 15.4 | -50.4% |
| United Kingdom | 73.0 | 11.0 | 6.9 | 10.9 | -46.9% |
| France | 45.0 | 12.0 | 19.9 | 9.5 | -40.5% |
| Slovenia | 694 | N/A | N/A | N/A | 0% |
| Georgia | 245 | N/A | 2.6 | N/A | -89.7% |
| Others | 65.0 | 66.2 | 106 | 40.0 | -14.9% |
| Total | 1,985 | 952 | 637 | 393 | -41.7% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Israel in 2022:
- Japan (4.0 tons)
- United States (3.7 tons)
- Germany (2.7 tons)
- Singapore (1.3 tons)
- Turkey (1.1 tons)
- Belgium (0.8 tons)
- Taiwan (Chinese) (0.6 tons)
- United Kingdom (0.5 tons)
- France (0.4 tons)
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