Price for Hand-Operated Spanners and Wrenches in Argentina - 2023

Price for Hand-Operated Spanners and Wrenches in Argentina (CIF) - 2022

The average hand-operated spanners and wrenches import price stood at $7,219 per ton in 2022, standing approx. at the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 12% against the previous year. Over the period under review, average import prices reached the maximum at $8,274 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Sweden ($31,924 per ton), while the price for India ($4,852 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hand-Operated Spanners and Wrenches in Argentina (FOB) - 2022

In 2022, the average hand-operated spanners and wrenches export price amounted to $3,140 per ton, almost unchanged from the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 24%. The export price peaked at $7,762 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($13,576 per ton), while the average price for exports to Mexico amounted to $2,053 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.6%), while the prices for the other major destinations experienced a decline.

Imports of Hand-Operated Spanners and Wrenches in Argentina

Hand-operated spanners and wrenches imports into Argentina soared to 3.1K tons in 2022, with an increase of 61% against 2021 figures. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 63%. 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 $22M in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 66%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Import of Hand-Operated Spanners and Wrenches in Argentina (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	5.1	4.0	7.5	11.7	31.9%
Taiwan (Chinese)	1.3	1.0	1.4	2.2	19.2%
Spain	0.4	0.4	0.9	1.4	51.8%
India	0.2	0.1	0.9	1.3	86.6%
Brazil	0.7	0.5	0.3	0.8	4.6%
Estonia	0.3	0.1	0.5	0.8	38.7%
Others	3.5	2.0	2.2	4.2	6.3%
Total	11.5	8.2	13.7	22.2	24.5%

Top Suppliers of Hand-Operated Spanners and Wrenches to Argentina in 2022:

China (2136.0 tons)
India (275.6 tons)
Taiwan (Chinese) (189.8 tons)
Estonia (146.7 tons)
Brazil (83.8 tons)
Spain (76.2 tons)

Exports of Hand-Operated Spanners and Wrenches in Argentina

For the third consecutive year, Argentina recorded decline in overseas shipments of hand-operated spanners and wrencheses, which decreased by -82.6% to 31 tons in 2022. Over the period under review, exports faced a dramatic shrinkage. The smallest decline of -33.6% was in 2020.

In value terms, hand-operated spanners and wrenches exports dropped dramatically to $98K in 2022. Overall, exports showed a precipitous decrease. The smallest decline of -40.9% was in 2020.