Price for Hand-Operated Spanners and Wrenches in Spain - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Spain (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Spain (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Spain
- Exports of Hand-Operated Spanners and Wrenches in Spain
Price for Hand-Operated Spanners and Wrenches in Spain (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $9,612 per ton in 2022, picking up by 3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.
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 Italy ($25,137 per ton), while the price for India ($4,468 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Spain (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $12,873 per ton in 2022, dropping by -22.5% against the previous year. Over the period under review, the export price saw a noticeable descent. The pace of growth was the most pronounced in 2020 when the average export price increased by 48%. Over the period under review, the average export prices attained the maximum at $20,632 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($23,949 per ton), while the average price for exports to Italy ($7,613 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 the United States (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hand-Operated Spanners and Wrenches in Spain
Hand-operated spanners and wrenches imports into Spain surged to 7.3K tons in 2022, increasing by 23% against the year before. In general, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, hand-operated spanners and wrenches imports skyrocketed to $70M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Hand-Operated Spanners and Wrenches in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.8 | 9.3 | 15.6 | 26.1 | 23.7% |
| Germany | 10.7 | 8.9 | 10.8 | 13.1 | 7.0% |
| Taiwan (Chinese) | 14.9 | 7.5 | 7.4 | 8.6 | -16.7% |
| France | 2.8 | 4.7 | 4.5 | 5.3 | 23.7% |
| Netherlands | 1.3 | 2.2 | 2.8 | 3.6 | 40.4% |
| India | 1.6 | 1.4 | 3.3 | 3.4 | 28.6% |
| Italy | 3.1 | 2.1 | 2.7 | 2.4 | -8.2% |
| Others | 9.7 | 7.1 | 8.2 | 7.5 | -8.2% |
| Total | 58.0 | 43.2 | 55.4 | 70.0 | 6.5% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Spain in 2022:
- China (3649.5 tons)
- Germany (1071.4 tons)
- India (761.6 tons)
- Taiwan (Chinese) (750.2 tons)
- Netherlands (295.3 tons)
- France (257.0 tons)
- Italy (93.8 tons)
Exports of Hand-Operated Spanners and Wrenches in Spain
In 2022, shipments abroad of hand-operated spanners and wrencheses increased by 39% to 3.9K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a drastic downturn.
In value terms, hand-operated spanners and wrenches exports amounted to $51M in 2022. In general, exports, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 8.5% against the previous year.
| Export of Hand-Operated Spanners and Wrenches in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 8.0 | 8.2 | 9.9 | 11.5 | 12.9% |
| United States | 7.8 | 8.5 | 9.5 | 10.9 | 11.8% |
| Germany | 4.4 | 4.3 | 4.7 | 4.6 | 1.5% |
| Italy | 1.8 | 3.5 | 3.8 | 4.1 | 31.6% |
| Portugal | 3.0 | 2.2 | 2.6 | 3.6 | 6.3% |
| United Kingdom | 2.2 | 2.3 | 1.2 | 2.0 | -3.1% |
| Netherlands | 0.2 | 1.6 | 2.7 | 1.9 | 111.8% |
| Mexico | 1.3 | 0.9 | 1.0 | 1.2 | -2.6% |
| Sweden | 17.1 | 2.0 | 0.4 | 0.4 | -71.4% |
| Others | 9.3 | 9.7 | 11.1 | 10.2 | 3.1% |
| Total | 55.0 | 43.2 | 46.8 | 50.6 | -2.7% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Spain in 2022:
- France (1394.5 tons)
- Italy (544.4 tons)
- United States (456.5 tons)
- Germany (347.2 tons)
- Portugal (321.9 tons)
- Netherlands (187.5 tons)
- Mexico (106.0 tons)
- United Kingdom (53.9 tons)
- Sweden (18.5 tons)
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