Price for Hand-Operated Spanners and Wrenches in Myanmar - 2022
Contents:
- Price for Hand-Operated Spanners and Wrenches in Myanmar (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Myanmar (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Myanmar
- Exports of Hand-Operated Spanners and Wrenches in Myanmar
Price for Hand-Operated Spanners and Wrenches in Myanmar (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $5,746 per ton, declining by -6.2% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +22.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 47%. As a result, import price reached the peak level of $7,828 per ton. From 2018 to 2022, the average 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 ($71,644 per ton), while the price for China ($2,710 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+35.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Myanmar (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $9,428 per ton in 2022, which is down by -3% against the previous year. In general, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 43%. Over the period under review, the average export prices attained the peak figure at $15,327 per ton in 2016; however, from 2017 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 Singapore ($13,324 per ton), while the average price for exports to South Korea ($7,340 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 Singapore (+16.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hand-Operated Spanners and Wrenches in Myanmar
In 2022, overseas purchases of hand-operated spanners and wrencheses decreased by -4.2% to 856 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 4.1%. As a result, imports reached the peak of 893 tons, and then shrank modestly in the following year.
In value terms, hand-operated spanners and wrenches imports contracted to $4.9M in 2022. The total import value increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, imports reached the peak of $5.5M, and then declined in the following year.
| Import of Hand-Operated Spanners and Wrenches in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,625 | 2,393 | 1,795 | 1,959 | -9.3% |
| Thailand | 77.3 | 88.3 | 1,701 | 1,268 | 154.1% |
| Japan | 371 | 419 | 133 | 213 | -16.9% |
| Taiwan (Chinese) | 303 | 203 | 99.4 | 178 | -16.2% |
| India | 161 | 86.2 | 62.4 | 90.6 | -17.4% |
| Others | 379 | 1,173 | 1,684 | 1,210 | 47.2% |
| Total | 3,917 | 4,361 | 5,475 | 4,918 | 7.9% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Myanmar in 2022:
- China (722.9 tons)
- Thailand (45.5 tons)
- Taiwan (Chinese) (29.3 tons)
- Japan (16.1 tons)
- India (11.0 tons)
Exports of Hand-Operated Spanners and Wrenches in Myanmar
In 2022, overseas shipments of hand-operated spanners and wrencheses were finally on the rise to reach 2.3 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a sharp descent.
In value terms, hand-operated spanners and wrenches exports surged to $21K in 2022. Over the period under review, exports, however, continue to indicate a precipitous contraction.
| Export of Hand-Operated Spanners and Wrenches in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 45.1 | 31.7 | 10.5 | 21.2 | -22.2% |
| China | 2.0 | 0.1 | N/A | 0.1 | -63.2% |
| United States | 2.2 | N/A | 0.2 | N/A | -69.8% |
| Others | 4.2 | 0.3 | 0.2 | 0.3 | -58.5% |
| Total | 53.5 | 32.1 | 10.8 | 21.5 | -26.2% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Myanmar in 2022:
- Thailand (2250.0 kg)
- China (8.0 kg)
346
This report provides an in-depth analysis of the interchangeable spanner socket market in Myanmar.
437
This report provides an in-depth analysis of the hand tools market in Myanmar.
319
This report provides an in-depth analysis of the manifold business form market in Myanmar.
650
This report provides an in-depth analysis of the global interchangeable spanner socket market.
2766
This report provides an in-depth analysis of the global hand tools market.
461
This report provides an in-depth analysis of the global manifold business form market.
346
This report provides an in-depth analysis of the interchangeable spanner socket market in Myanmar.
650
This report provides an in-depth analysis of the global interchangeable spanner socket market.
314
Explore the top 10 countries with the highest import value for hand tools. Learn about the market statistics, key players, and trends in the industry. Find out how the IndexBox market intelligence platform can help you stay ahead in this competitive market.
1043
Hand tool manufacture is gradually seeing a recovery, following the decline in 2020. The market is forecast to accelerate, due to the increased need for DIY and repair work and construction growth in terms of private homes.
2662
In 2016, the global hand tools market amounted to $X in wholesale prices. This figure reflects the total revenue of producers and importers.
691
In value terms, hand-operated mechanical appliances imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicate...
642
In value terms, hand tools, two and more of heading imports amounted to $X in 2016. Overall, hand tools, two and more of heading imports continue to indicate a relatively flat trend pattern. Over t...
673
In value terms, files, rasps, pliers imports amounted to $X in 2016. Overall, files, rasps, pliers imports continue to indicate a relatively flat trend pattern. Global files, rasps, pliers import p...
701
In value terms, files, rasps, pliers exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable f...
680
In value terms, hand-operated mechanical appliances exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated s...
685
In value terms, hand tools, two and more of heading exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated som...
1304
In 2016, the amount of hand tools imported worldwide totaled X tons, approximately reflecting the previous year level. The total import volume increased at an average annual rate of +X% from X>
