Price for Hand-Operated Spanners and Wrenches in Malaysia - 2021
Contents:
- Price for Hand-Operated Spanners and Wrenches in Malaysia (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Malaysia (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Malaysia
- Exports of Hand-Operated Spanners and Wrenches in Malaysia
Price for Hand-Operated Spanners and Wrenches in Malaysia (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $4,650 per ton, picking up by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 24%. The import price peaked at $5,923 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($17,841 per ton), while the price for China ($3,182 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Malaysia (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $7,448 per ton, surging by 8.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $7,470 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($18,056 per ton), while the average price for exports to Papua New Guinea ($2,996 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 Indonesia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Malaysia
In 2022, imports of hand-operated spanners and wrencheses into Malaysia shrank dramatically to 3.3K tons, waning by -19.7% against the previous year. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. As a result, imports attained the peak of 4.1K tons, and then declined significantly in the following year.
In value terms, hand-operated spanners and wrenches imports declined to $15M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports attained the peak of $17M, and then reduced in the following year.
| Import of Hand-Operated Spanners and Wrenches in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.7 | 5.1 | 10.1 | 8.4 | 7.8% |
| Taiwan (Chinese) | 2.4 | 1.5 | 1.8 | 1.5 | -14.5% |
| United States | 1.4 | 1.0 | 1.6 | 1.3 | -2.4% |
| Singapore | 0.3 | 2.0 | 0.2 | 0.7 | 32.6% |
| India | 0.7 | 0.5 | 0.7 | 0.5 | -10.6% |
| Others | 2.7 | 3.3 | 2.6 | 2.7 | 0.0% |
| Total | 14.2 | 13.3 | 17.0 | 15.2 | 2.3% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Malaysia in 2022:
- China (2635.6 tons)
- Taiwan (Chinese) (188.0 tons)
- India (143.1 tons)
- United States (78.2 tons)
- Singapore (39.1 tons)
Exports of Hand-Operated Spanners and Wrenches in Malaysia
In 2022, approx. 149 tons of hand-operated spanners and wrencheses were exported from Malaysia; with a decrease of -18.8% against the previous year. In general, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year.
In value terms, hand-operated spanners and wrenches exports contracted to $1.1M in 2022. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 31% against the previous year.
| Export of Hand-Operated Spanners and Wrenches in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 283 | 208 | 270 | 207 | -9.9% |
| China | 165 | 194 | 56.0 | 125 | -8.8% |
| United States | 278 | 66.6 | 151 | 121 | -24.2% |
| Indonesia | 192 | 144 | 82.3 | 117 | -15.2% |
| Netherlands | 5.3 | 91.1 | 152 | 111 | 175.6% |
| Thailand | 218 | 22.2 | 107 | 80.8 | -28.2% |
| Germany | 31.1 | 33.4 | 101 | 73.8 | 33.4% |
| Japan | 130 | 16.8 | 32.7 | 42.2 | -31.3% |
| Vietnam | 104 | 29.9 | 21.4 | 39.0 | -27.9% |
| Philippines | 23.6 | 5.4 | 35.7 | 26.1 | 3.4% |
| India | 9.3 | 6.5 | 34.1 | 24.9 | 38.9% |
| Argentina | 38.3 | N/A | 53.0 | N/A | 17.6% |
| Others | 301 | 141 | 161 | 140 | -22.5% |
| Total | 1,779 | 959 | 1,257 | 1,108 | -14.6% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Malaysia in 2022:
- United States (27.2 tons)
- China (21.6 tons)
- Singapore (17.3 tons)
- Thailand (16.3 tons)
- Japan (11.3 tons)
- Indonesia (9.2 tons)
- Philippines (8.7 tons)
- Netherlands (7.4 tons)
- Vietnam (5.0 tons)
- Germany (4.1 tons)
- India (4.0 tons)
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