Price for Hand-Operated Spanners and Wrenches in Oman - 2021
Contents:
- Price for Hand-Operated Spanners and Wrenches in Oman (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Oman (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Oman
- Exports of Hand-Operated Spanners and Wrenches in Oman
Price for Hand-Operated Spanners and Wrenches in Oman (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $8,245 per ton, growing by 8.5% against the previous year. Overall, the import price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs at $17,196 per ton in 2014; however, from 2015 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 the United States ($40,748 per ton), while the price for China ($5,222 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hand-Operated Spanners and Wrenches in Oman (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $12,237 per ton, with an increase of 35% against the previous year. Overall, the export price showed measured growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 99%. As a result, the export price attained the peak level of $24,945 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($23,504 per ton), while the average price for exports to Bahrain ($3,407 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 Qatar (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Oman
For the fourth year in a row, Oman recorded growth in supplies from abroad of hand-operated spanners and wrencheses, which increased by 3.6% to 318 tons in 2022. The total import volume increased at an average annual rate of +12.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, hand-operated spanners and wrenches imports rose markedly to $2.6M in 2022. The total import value increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 35%. As a result, imports reached the peak of $2.9M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Hand-Operated Spanners and Wrenches in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,001 | 1,956 | 1,126 | 1,317 | 9.6% |
| China | 167 | 242 | 454 | 506 | 44.7% |
| United States | 233 | 137 | 143 | 173 | -9.4% |
| India | 75.1 | 31.0 | 21.4 | 42.8 | -17.1% |
| Others | 680 | 551 | 590 | 587 | -4.8% |
| Total | 2,155 | 2,916 | 2,334 | 2,625 | 6.8% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Oman in 2022:
- United Arab Emirates (193.9 tons)
- China (96.9 tons)
- India (5.9 tons)
- United States (4.2 tons)
Exports of Hand-Operated Spanners and Wrenches in Oman
In 2022, shipments abroad of hand-operated spanners and wrencheses increased by 64% to 40 tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hand-operated spanners and wrenches exports soared to $485K in 2022. Over the period under review, exports saw a moderate increase.
| Export of Hand-Operated Spanners and Wrenches in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 3.3 | 9.0 | 8.2 | 167 | 269.9% |
| United Arab Emirates | 222 | 185 | 83.7 | 126 | -17.2% |
| Russia | 120 | 158 | 40.5 | 52.3 | -24.2% |
| Germany | 7.4 | 198 | 20.1 | 42.2 | 78.7% |
| Yemen | 19.1 | 58.9 | 2.5 | 15.7 | -6.3% |
| Bahrain | 5.4 | 13.8 | 9.2 | 11.9 | 30.1% |
| Saudi Arabia | 4.2 | 7.4 | 6.0 | 7.7 | 22.4% |
| Canada | 3.2 | 7.5 | 2.8 | 3.6 | 4.0% |
| Singapore | 4.8 | 5.0 | 1.4 | 2.7 | -17.5% |
| Kazakhstan | N/A | N/A | 5.5 | N/A | 0% |
| Somalia | N/A | N/A | 1.3 | N/A | 0% |
| Others | 51.6 | 109 | 37.1 | 55.2 | 2.3% |
| Total | 441 | 752 | 218 | 485 | 3.2% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Oman in 2022:
- United Arab Emirates (16.8 tons)
- Qatar (10.9 tons)
- Bahrain (3.5 tons)
- Germany (1.8 tons)
- Saudi Arabia (1.1 tons)
- Canada (0.9 tons)
- Yemen (0.9 tons)
- Russia (0.7 tons)
- Singapore (0.5 tons)
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