Price for Hand-Operated Spanners and Wrenches in the Dominican Republic - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in the Dominican Republic (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in the Dominican Republic (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in the Dominican Republic
- Exports of Hand-Operated Spanners and Wrenches in the Dominican Republic
Price for Hand-Operated Spanners and Wrenches in the Dominican Republic (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $11,040 per ton, declining by -4.6% against the previous year. In general, the import price showed a mild decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26%. The import price peaked at $14,591 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 ($57,097 per ton), while the price for Japan ($1,981 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.8%), while the prices for the other major suppliers experienced a decline.
Price for Hand-Operated Spanners and Wrenches in the Dominican Republic (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $17,727 per ton, surging by 1.6% against the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2017 an increase of 203%. As a result, the export price attained the peak level of $23,897 per ton. From 2018 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 the United States ($20,028 per ton), while the average price for exports to Mexico ($8,324 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 Colombia (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in the Dominican Republic
In 2022, the amount of hand-operated spanners and wrencheses imported into the Dominican Republic fell to 317 tons, waning by -8.5% on the previous year. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year.
In value terms, hand-operated spanners and wrenches imports dropped to $3.5M in 2022. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 34%.
| Import of Hand-Operated Spanners and Wrenches in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,810 | 1,244 | 1,984 | 1,619 | -3.6% |
| Mexico | 1,056 | 754 | 984 | 803 | -8.7% |
| United States | 1,697 | 677 | 658 | 736 | -24.3% |
| India | 58.2 | 39.4 | 60.1 | 49.0 | -5.6% |
| Japan | 26.2 | 24.9 | 18.8 | 17.4 | -12.8% |
| Others | 334 | 251 | 298 | 272 | -6.6% |
| Total | 4,981 | 2,990 | 4,003 | 3,496 | -11.1% |
Top Suppliers of Hand-Operated Spanners and Wrenches to the Dominican Republic in 2022:
- China (198.5 tons)
- Mexico (78.4 tons)
- United States (12.9 tons)
- Japan (8.8 tons)
- India (5.9 tons)
Exports of Hand-Operated Spanners and Wrenches in the Dominican Republic
In 2022, approx. 17 tons of hand-operated spanners and wrencheses were exported from the Dominican Republic; picking up by 448% against the year before. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,130%. As a result, the exports attained the peak of 49 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, hand-operated spanners and wrenches exports surged to $304K in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,258% against the previous year. As a result, the exports attained the peak of $554K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Hand-Operated Spanners and Wrenches in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.0 | 486 | 4.1 | 270 | 348.1% |
| Haiti | 20.8 | 10.8 | 17.1 | 28.6 | 11.2% |
| Mexico | 1.3 | 1.8 | 1.3 | 2.4 | 22.7% |
| Others | 15.7 | 55.4 | 32.1 | 2.9 | -43.0% |
| Total | 40.8 | 554 | 54.6 | 304 | 95.3% |
Top Export Markets for Hand-Operated Spanners and Wrenches from the Dominican Republic in 2022:
- United States (13.5 tons)
- Haiti (3.1 tons)
- Mexico (0.3 tons)
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