Price for Hand-Operated Spanners and Wrenches in the United States - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in the United States (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in the United States (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in the United States
- Exports of Hand-Operated Spanners and Wrenches in the United States
Price for Hand-Operated Spanners and Wrenches in the United States (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $7,374 per ton in 2022, declining by -2.8% against the previous year. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 9.2% against the previous year. As a result, import price reached the peak level of $14,174 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($30,081 per ton), while the price for India ($3,314 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.7%), while the prices for the other major suppliers experienced a decline.
Price for Hand-Operated Spanners and Wrenches in the United States (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $103,224 per ton, jumping by 16% against the previous year. Overall, the export price showed significant growth. The growth pace was the most rapid in 2020 when the average export price increased by 202% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($393,427 per ton), while the average price for exports to the UK ($27,287 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 Canada (+43.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in the United States
For the fourth consecutive year, the United States recorded growth in supplies from abroad of hand-operated spanners and wrencheses, which increased by 18% to 118K tons in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 56%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, hand-operated spanners and wrenches imports totaled $872M in 2022. The total import value increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 31%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Hand-Operated Spanners and Wrenches in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 261 | 269 | 346 | 412 | 16.4% |
| China | 347 | 216 | 250 | 259 | -9.3% |
| India | 29.1 | 25.3 | 51.7 | 53.6 | 22.6% |
| Vietnam | 1.3 | 6.8 | 27.1 | 47.4 | 231.6% |
| Others | 78.6 | 67.0 | 87.8 | 99.8 | 8.3% |
| Total | 718 | 584 | 763 | 872 | 6.7% |
Top Suppliers of Hand-Operated Spanners and Wrenches to the United States in 2022:
- China (49.2K tons)
- Taiwan (Chinese) (40.0K tons)
- India (16.2K tons)
- Vietnam (7.5K tons)
Exports of Hand-Operated Spanners and Wrenches in the United States
For the third year in a row, the United States recorded decline in shipments abroad of hand-operated spanners and wrencheses, which decreased by -2.6% to 2.7K tons in 2022. Overall, exports showed a sharp decrease. The smallest decline of -0.5% was in 2021.
In value terms, hand-operated spanners and wrenches exports rose significantly to $276M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 21%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Hand-Operated Spanners and Wrenches in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 67.2 | 60.7 | 75.0 | 84.2 | 7.8% |
| Mexico | 21.8 | 13.1 | 17.3 | 24.9 | 4.5% |
| Japan | 15.4 | 8.8 | 14.5 | 17.3 | 4.0% |
| Australia | 13.0 | 12.7 | 13.6 | 17.0 | 9.4% |
| United Kingdom | 20.1 | 16.2 | 19.3 | 16.1 | -7.1% |
| Germany | 12.4 | 10.1 | 10.5 | 13.4 | 2.6% |
| Singapore | 6.4 | 4.6 | 5.5 | 7.4 | 5.0% |
| China | 8.7 | 8.1 | 9.8 | 7.3 | -5.7% |
| Peru | 4.8 | 3.5 | 4.6 | 5.1 | 2.0% |
| Netherlands | 5.5 | 3.9 | 5.1 | 5.0 | -3.1% |
| Belgium | 4.6 | 4.5 | 5.4 | 4.9 | 2.1% |
| Ecuador | 2.8 | 1.7 | 3.2 | 3.1 | 3.5% |
| Honduras | 1.2 | 0.4 | 1.4 | 1.5 | 7.7% |
| Others | 65.3 | 53.5 | 59.3 | 69.2 | 2.0% |
| Total | 249 | 202 | 245 | 276 | 3.5% |
Top Export Markets for Hand-Operated Spanners and Wrenches from the United States in 2022:
- United Kingdom (588.9 tons)
- Mexico (500.4 tons)
- Canada (214.1 tons)
- Germany (142.3 tons)
- Australia (108.8 tons)
- Peru (105.4 tons)
- Ecuador (95.0 tons)
- Japan (86.9 tons)
- Singapore (65.1 tons)
- Belgium (60.8 tons)
- Honduras (41.8 tons)
- Netherlands (27.1 tons)
- China (23.5 tons)
358
This report provides an in-depth analysis of the interchangeable spanner socket market in the U.S..
576
This report provides an in-depth analysis of the hand tools market in the U.S..
353
This report provides an in-depth analysis of the manifold business form market in the U.S..
641
This report provides an in-depth analysis of the global interchangeable spanner socket market.
2759
This report provides an in-depth analysis of the global hand tools market.
454
This report provides an in-depth analysis of the global manifold business form market.
358
This report provides an in-depth analysis of the interchangeable spanner socket market in the U.S..
641
This report provides an in-depth analysis of the global interchangeable spanner socket market.
359
In February 2023, the price for hand tools reached $9,137 per ton (CIF, US), increasing by 5.9% from the previous month.
303
Explore the top 10 countries with the highest import value for hand tools. Learn about the market statistics, key players, and trends in the industry. Find out how the IndexBox market intelligence platform can help you stay ahead in this competitive market.
1032
Hand tool manufacture is gradually seeing a recovery, following the decline in 2020. The market is forecast to accelerate, due to the increased need for DIY and repair work and construction growth in terms of private homes.
2643
In 2016, the global hand tools market amounted to $X in wholesale prices. This figure reflects the total revenue of producers and importers.
680
In value terms, hand-operated mechanical appliances imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicate...
633
In value terms, hand tools, two and more of heading imports amounted to $X in 2016. Overall, hand tools, two and more of heading imports continue to indicate a relatively flat trend pattern. Over t...
667
In value terms, files, rasps, pliers imports amounted to $X in 2016. Overall, files, rasps, pliers imports continue to indicate a relatively flat trend pattern. Global files, rasps, pliers import p...
677
In value terms, hand tools, two and more of heading exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated som...
673
In value terms, hand-operated mechanical appliances exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated s...
693
In value terms, files, rasps, pliers exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable f...
