Price for Hand-Operated Spanners and Wrenches in Indonesia - 2022
Contents:
- Price for Hand-Operated Spanners and Wrenches in Indonesia (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Indonesia (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Indonesia
- Exports of Hand-Operated Spanners and Wrenches in Indonesia
Price for Hand-Operated Spanners and Wrenches in Indonesia (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $4,643 per ton, picking up by 17% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand-operated spanners and wrenches import price increased by +20.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29%. The import price peaked in 2022 and is likely to continue 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 Taiwan (Chinese) ($7,435 per ton), while the price for India ($2,649 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) (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Indonesia (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $8,095 per ton, increasing by 11% against the previous year. Over the period under review, the export price recorded slight growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 77%. The export price peaked at $12,227 per ton in 2013; however, from 2014 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 Japan ($37,391 per ton), while the average price for exports to Timor-Leste ($504 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 China (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Indonesia
Hand-operated spanners and wrenches imports into Indonesia surged to 14K tons in 2022, with an increase of 45% against the year before. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.1% 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 +54.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, hand-operated spanners and wrenches imports soared to $66M in 2022. Overall, imports continue to indicate a buoyant expansion. 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 Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.3 | 22.0 | 22.0 | 37.0 | 16.7% |
| Taiwan (Chinese) | 8.7 | 5.6 | 7.6 | 12.8 | 13.7% |
| India | 1.8 | 1.7 | 1.7 | 2.8 | 15.9% |
| Others | 10.1 | 6.0 | 7.1 | 13.2 | 9.3% |
| Total | 43.9 | 35.4 | 38.5 | 65.7 | 14.4% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Indonesia in 2022:
- China (10.7K tons)
- Taiwan (Chinese) (1.7K tons)
- India (1.1K tons)
Exports of Hand-Operated Spanners and Wrenches in Indonesia
In 2022, exports of hand-operated spanners and wrencheses from Indonesia soared to 158 tons, picking up by 152% on 2021 figures. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hand-operated spanners and wrenches exports surged to $1.3M in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hand-Operated Spanners and Wrenches in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 234 | 85.2 | 85.4 | 371 | 16.6% |
| Malaysia | 69.8 | 151 | 80.1 | 275 | 57.9% |
| Sri Lanka | 17.9 | 33.6 | 59.6 | 168 | 110.9% |
| Thailand | 22.6 | 21.3 | 49.3 | 139 | 83.2% |
| China | 0.2 | 78.4 | 0.7 | 71.7 | 610.4% |
| Australia | 0.1 | 2.2 | 21.9 | 61.7 | 751.3% |
| Timor-Leste | 3.8 | 1.8 | 2.1 | 7.0 | 22.6% |
| Others | 91.3 | 60.5 | 157 | 185 | 26.5% |
| Total | 440 | 434 | 456 | 1,278 | 42.7% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Indonesia in 2022:
- Malaysia (42.0 tons)
- Singapore (41.6 tons)
- Sri Lanka (28.3 tons)
- Timor-Leste (13.9 tons)
- Thailand (9.2 tons)
- China (5.4 tons)
- Australia (4.3 tons)
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