Price for Hand-Operated Spanners and Wrenches in Kenya - 2021
Contents:
- Price for Hand-Operated Spanners and Wrenches in Kenya (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Kenya (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Kenya
- Exports of Hand-Operated Spanners and Wrenches in Kenya
Price for Hand-Operated Spanners and Wrenches in Kenya (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $9,185 per ton in 2022, increasing by 78% against the previous year. In general, the import price saw resilient growth. 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 Japan ($11,788 per ton), while the price for Brazil ($7,688 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Kenya (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $10,348 per ton, surging by 2.3% against the previous year. Overall, the export price, however, showed a mild curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 128%. The export price peaked at $17,275 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to -8.9% per year.
Imports of Hand-Operated Spanners and Wrenches in Kenya
In 2022, hand-operated spanners and wrenches imports into Kenya fell markedly to 470 tons, reducing by -51% against the previous year. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. As a result, imports reached the peak of 959 tons, and then fell remarkably in the following year.
In value terms, hand-operated spanners and wrenches imports dropped to $4.3M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports attained the peak of $4.9M, and then declined in the following year.
| Import of Hand-Operated Spanners and Wrenches in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 19.9 | 24.5 | 9.5 | 2,317 | 388.3% |
| Japan | 36.6 | 19.4 | 60.3 | 1,624 | 254.0% |
| Turkey | 7.0 | 3.3 | 44.2 | 265 | 235.8% |
| China | 2,406 | 2,474 | 2,571 | N/A | 3.4% |
| United Kingdom | 178 | 271 | 490 | N/A | 65.9% |
| India | 270 | 385 | 706 | N/A | 61.7% |
| United Arab Emirates | 185 | 302 | 224 | N/A | 10.0% |
| Others | 243 | 200 | 841 | 107 | -23.9% |
| Total | 3,346 | 3,679 | 4,947 | 4,313 | 8.8% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Kenya in 2022:
- Brazil (301.3 tons)
- Japan (137.8 tons)
- Turkey (28.8 tons)
Exports of Hand-Operated Spanners and Wrenches in Kenya
In 2022, overseas shipments of hand-operated spanners and wrencheses decreased by -1.3% to 3.4 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 140%. As a result, the exports attained the peak of 5.1 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, hand-operated spanners and wrenches exports stood at $35K in 2022. In general, exports showed a slight curtailment.
| Export of Hand-Operated Spanners and Wrenches in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 34.6 | 0% |
| Mozambique | N/A | 18.6 | N/A | N/A | 0% |
| Rwanda | 0.9 | 10.6 | 0.4 | N/A | -33.3% |
| United Kingdom | N/A | N/A | 12.8 | N/A | 0% |
| France | N/A | N/A | 3.3 | N/A | 0% |
| Tanzania | 1.7 | N/A | 2.5 | N/A | 21.3% |
| Brazil | 24.2 | 2.2 | 8.8 | N/A | -39.7% |
| Others | 10.3 | 4.0 | 6.9 | 0.5 | -63.5% |
| Total | 37.1 | 35.4 | 34.8 | 35.1 | -1.8% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Kenya in 2022:
- Turkey (3.4 tons)
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