Price for Hand-Operated Spanners and Wrenches in Thailand - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Thailand (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Thailand (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Thailand
- Exports of Hand-Operated Spanners and Wrenches in Thailand
Price for Hand-Operated Spanners and Wrenches in Thailand (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $4,809 per ton in 2022, with an increase of 2% against the previous year. Overall, the import price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13% against the previous year. As a result, import price attained the peak level of $7,437 per ton. From 2014 to 2022, the average 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 Japan ($20,309 per ton), while the price for China ($2,597 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) (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hand-Operated Spanners and Wrenches in Thailand (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $11,389 per ton, approximately mirroring the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 25%. As a result, the export price attained the peak level of $17,921 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($33,108 per ton), while the average price for exports to Brazil ($4,134 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 Cambodia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Thailand
In 2022, hand-operated spanners and wrenches imports into Thailand rose sharply to 6.5K tons, increasing by 11% compared with 2021 figures. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, hand-operated spanners and wrenches imports rose notably to $31M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hand-Operated Spanners and Wrenches in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.3 | 11.9 | 12.0 | 13.3 | 2.6% |
| Taiwan (Chinese) | 3.5 | 3.7 | 4.1 | 5.5 | 16.3% |
| Japan | 5.4 | 4.6 | 4.7 | 5.2 | -1.3% |
| India | 2.2 | 1.3 | 1.6 | 1.7 | -8.2% |
| Others | 6.0 | 4.1 | 5.2 | 5.4 | -3.5% |
| Total | 29.4 | 25.6 | 27.6 | 31.1 | 1.9% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Thailand in 2022:
- China (5.1K tons)
- Taiwan (Chinese) (0.5K tons)
- India (0.4K tons)
- Japan (0.3K tons)
Exports of Hand-Operated Spanners and Wrenches in Thailand
In 2022, the amount of hand-operated spanners and wrencheses exported from Thailand dropped markedly to 256 tons, with a decrease of -19.3% against the year before. In general, exports saw a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports reached the peak of 317 tons, and then shrank sharply in the following year.
In value terms, hand-operated spanners and wrenches exports contracted dramatically to $2.9M in 2022. Overall, exports saw a deep slump. The smallest decline of -4.9% was in 2021.
| Export of Hand-Operated Spanners and Wrenches in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 394 | 309 | 401 | 489 | 7.5% |
| Lao People's Democratic Republic | 566 | 579 | 348 | 467 | -6.2% |
| India | 72.4 | 55.4 | 195 | 274 | 55.8% |
| Singapore | 59.2 | 304 | 145 | 206 | 51.5% |
| Egypt | 419 | 537 | 421 | 189 | -23.3% |
| Cambodia | 67.0 | 106 | 79.1 | 169 | 36.1% |
| Malaysia | 198 | 151 | 81.8 | 129 | -13.3% |
| Australia | 100 | 54.0 | 239 | 120 | 6.3% |
| Ecuador | 128 | 47.6 | 71.7 | 109 | -5.2% |
| Indonesia | 82.8 | 57.1 | 25.7 | 70.3 | -5.3% |
| Philippines | 75.8 | 40.4 | 38.5 | 62.1 | -6.4% |
| Mexico | 9.9 | 83.8 | 83.1 | 60.0 | 82.3% |
| Brazil | 92.1 | 49.3 | 92.4 | 42.3 | -22.8% |
| Others | 2,428 | 1,394 | 1,362 | 533 | -39.7% |
| Total | 4,693 | 3,767 | 3,582 | 2,919 | -14.6% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Thailand in 2022:
- South Africa (60.0 tons)
- India (29.7 tons)
- Egypt (22.8 tons)
- Malaysia (22.8 tons)
- Lao People's Democratic Republic (14.1 tons)
- Ecuador (13.9 tons)
- Cambodia (13.4 tons)
- Philippines (11.9 tons)
- Singapore (10.6 tons)
- Brazil (10.2 tons)
- Australia (8.6 tons)
- Mexico (7.5 tons)
- Indonesia (5.9 tons)
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