Price for Hand-Operated Spanners and Wrenches in Pakistan - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Pakistan (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Pakistan (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Pakistan
- Exports of Hand-Operated Spanners and Wrenches in Pakistan
Price for Hand-Operated Spanners and Wrenches in Pakistan (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $4,293 per ton, dropping by -4.8% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 decreased by -11.8% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the maximum at $4,869 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,481 per ton), while the price for India ($2,810 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Pakistan (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $5,741 per ton, shrinking by -35.2% against the previous year. Over the period under review, the export price, however, continues to indicate modest growth. The growth pace was the most rapid in 2014 when the average export price increased by 109% against the previous year. As a result, the export price attained the peak level of $13,000 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($31,098 per ton), while the average price for exports to Saudi Arabia ($1,523 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 Argentina (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Pakistan
In 2022, imports of hand-operated spanners and wrencheses into Pakistan expanded sharply to 2.1K tons, picking up by 6.5% compared with 2021 figures. Overall, imports, however, saw a mild curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 34%.
In value terms, hand-operated spanners and wrenches imports stood at $9M in 2022. Over the period under review, imports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2021 with an increase of 24%.
| Import of Hand-Operated Spanners and Wrenches in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.1 | 6.0 | 7.7 | 7.8 | -5.0% |
| Taiwan (Chinese) | 0.4 | 0.4 | 0.2 | 0.3 | -9.1% |
| United Arab Emirates | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| India | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Others | 0.5 | 0.4 | 0.6 | 0.6 | 6.3% |
| Total | 10.3 | 7.1 | 8.8 | 9.0 | -4.4% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Pakistan in 2022:
- China (1830.1 tons)
- Taiwan (Chinese) (89.2 tons)
- United Arab Emirates (37.2 tons)
- India (27.9 tons)
Exports of Hand-Operated Spanners and Wrenches in Pakistan
In 2022, after two years of decline, there was significant growth in shipments abroad of hand-operated spanners and wrencheses, when their volume increased by 34% to 17 tons. In general, exports, however, continue to indicate a sharp setback.
In value terms, hand-operated spanners and wrenches exports shrank to $96K in 2022. Over the period under review, exports, however, showed a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year.
| Export of Hand-Operated Spanners and Wrenches in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 152 | 55.8 | 55.5 | 51.0 | -30.5% |
| Italy | 40.1 | 0.2 | 12.5 | 13.1 | -31.1% |
| United States | 13.4 | 6.5 | 8.3 | 8.7 | -13.4% |
| Bahrain | 7.4 | 4.9 | 5.6 | 5.8 | -7.8% |
| Russia | 6.4 | 2.4 | 2.4 | 2.2 | -29.9% |
| Saudi Arabia | 0.3 | 1.0 | 0.2 | 0.5 | 18.6% |
| Others | 38.5 | 10.2 | 26.2 | 14.4 | -28.0% |
| Total | 258 | 81.0 | 111 | 95.8 | -28.1% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Pakistan in 2022:
- Argentina (10.4 tons)
- Bahrain (3.4 tons)
- United States (0.5 tons)
- Italy (0.4 tons)
- Saudi Arabia (0.3 tons)
- Russia (0.3 tons)
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