Price for Hand-Operated Spanners and Wrenches in Russia - 2022
Contents:
- Price for Hand-Operated Spanners and Wrenches in Russia (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Russia (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Russia
- Exports of Hand-Operated Spanners and Wrenches in Russia
Price for Hand-Operated Spanners and Wrenches in Russia (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $5,721 per ton, dropping by -3.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12%. The import price peaked at $5,912 per ton in 2021, and then fell slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($13,569 per ton), while the price for India ($3,837 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) (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hand-Operated Spanners and Wrenches in Russia (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $11,836 per ton in 2022, declining by -3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 43%. As a result, the export price attained the peak level of $12,321 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($17,054 per ton), while the average price for exports to Ukraine ($7,677 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 Uzbekistan (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Russia
In 2022, the amount of hand-operated spanners and wrencheses imported into Russia declined to 14K tons, shrinking by -7.9% compared with the previous year. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of 16K tons, and then reduced in the following year.
In value terms, hand-operated spanners and wrenches imports fell to $83M in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of $93M, and then contracted in the following year.
| Import of Hand-Operated Spanners and Wrenches in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.4 | 31.0 | 40.7 | 37.5 | 3.9% |
| Taiwan (Chinese) | 20.1 | 17.6 | 20.5 | 23.1 | 4.7% |
| India | 11.4 | 8.8 | 13.4 | 15.0 | 9.6% |
| Belarus | 4.0 | 4.5 | 6.0 | 2.0 | -20.6% |
| Others | 13.9 | 10.8 | 12.5 | 5.3 | -27.5% |
| Total | 82.8 | 72.8 | 93.1 | 82.9 | 0.0% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Russia in 2022:
- China (8.2K tons)
- India (3.9K tons)
- Taiwan (Chinese) (1.7K tons)
- Belarus (0.4K tons)
Exports of Hand-Operated Spanners and Wrenches in Russia
In 2022, approx. 738 tons of hand-operated spanners and wrencheses were exported from Russia; dropping by -11.4% on the year before. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 33%. As a result, the exports attained the peak of 833 tons, and then fell in the following year.
In value terms, hand-operated spanners and wrenches exports reduced to $8.7M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, the exports reached the peak of $10M, and then fell in the following year.
| Export of Hand-Operated Spanners and Wrenches in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 1.8 | 1.2 | 2.0 | 4.4 | 34.7% |
| Kazakhstan | 2.8 | 2.9 | 3.7 | 2.6 | -2.4% |
| Ukraine | 0.9 | 0.5 | 0.7 | 0.6 | -12.6% |
| Uzbekistan | 0.3 | 0.5 | 0.2 | 0.3 | 0.0% |
| Turkmenistan | N/A | 0.7 | N/A | 0.2 | -46.5% |
| Others | 1.3 | 1.5 | 3.7 | 0.7 | -18.6% |
| Total | 7.2 | 7.2 | 10.2 | 8.7 | 6.5% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Russia in 2022:
- Belarus (367.5 tons)
- Kazakhstan (228.3 tons)
- Ukraine (80.2 tons)
- Turkmenistan (20.4 tons)
- Uzbekistan (20.2 tons)
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