Price for Hand-Operated Spanners and Wrenches in the United Arab Emirates - 2021
Contents:
- Price for Hand-Operated Spanners and Wrenches in the United Arab Emirates (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in the United Arab Emirates (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in the United Arab Emirates
- Exports of Hand-Operated Spanners and Wrenches in the United Arab Emirates
Price for Hand-Operated Spanners and Wrenches in the United Arab Emirates (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $11,357 per ton in 2022, with an increase of 90% against the previous year. Over the period under review, the import price posted resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($17,078 per ton), while the price for Turkey ($9,380 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 (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in the United Arab Emirates (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $10,073 per ton, jumping by 153% against the previous year. Over the period under review, the export price, however, showed a slight reduction. Over the period under review, the average export prices reached the maximum at $11,207 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($34,125 per ton), while the average price for exports to Georgia ($6,227 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 Uzbekistan (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hand-Operated Spanners and Wrenches in the United Arab Emirates
In 2022, overseas purchases of hand-operated spanners and wrencheses decreased by -53.3% to 3.5K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports faced a deep slump. The growth pace was the most rapid in 2021 with an increase of 15%. As a result, imports reached the peak of 7.5K tons, and then shrank rapidly in the following year.
In value terms, hand-operated spanners and wrenches imports fell to $40M in 2022. The total import value increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. As a result, imports attained the peak of $45M, and then reduced in the following year.
| Import of Hand-Operated Spanners and Wrenches in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.2 | 0.2 | 0.5 | 31.8 | 441.8% |
| Turkey | 0.1 | N/A | 0.1 | 5.5 | 280.3% |
| South Africa | N/A | 0.1 | 0.1 | 1.2 | 246.4% |
| China | 11.9 | 14.0 | 19.2 | N/A | 27.0% |
| United States | 2.2 | 3.7 | 2.1 | N/A | -2.3% |
| India | 7.2 | 7.4 | 9.5 | N/A | 14.9% |
| Taiwan (Chinese) | 4.7 | 5.1 | 5.6 | N/A | 9.2% |
| Others | 5.4 | 4.3 | 7.8 | 1.3 | -37.8% |
| Total | 31.9 | 34.7 | 44.9 | 39.8 | 7.7% |
Top Suppliers of Hand-Operated Spanners and Wrenches to the United Arab Emirates in 2022:
- Japan (2801.0 tons)
- Turkey (588.1 tons)
- South Africa (68.7 tons)
Exports of Hand-Operated Spanners and Wrenches in the United Arab Emirates
In 2022, shipments abroad of hand-operated spanners and wrencheses decreased by -58.2% to 243 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year. As a result, the exports reached the peak of 723 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, hand-operated spanners and wrenches exports expanded sharply to $2.4M in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, the exports attained the peak of $2.6M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Hand-Operated Spanners and Wrenches in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 18.9 | 5.1 | 0.7 | 1,039 | 280.2% |
| Turkey | 12.3 | 2.0 | 19.4 | 891 | 316.9% |
| Uzbekistan | 0.4 | 7.5 | 30.8 | 236 | 738.7% |
| New Zealand | 1.0 | 2.1 | 1.7 | 139 | 418.0% |
| Zambia | 53.4 | 17.8 | 17.4 | N/A | -42.9% |
| Uganda | 36.7 | 44.3 | N/A | N/A | 20.7% |
| Tanzania | 36.7 | 34.2 | 108 | N/A | 71.5% |
| Oman | 874 | 1,381 | 1,042 | N/A | 9.2% |
| Pakistan | 74.3 | 147 | 161 | N/A | 47.2% |
| Ghana | 79.7 | N/A | N/A | N/A | 0% |
| Others | 1,042 | 931 | 932 | 138 | -49.0% |
| Total | 2,230 | 2,572 | 2,314 | 2,443 | 3.1% |
Top Export Markets for Hand-Operated Spanners and Wrenches from the United Arab Emirates in 2022:
- Georgia (166.9 tons)
- Uzbekistan (34.5 tons)
- Turkey (26.1 tons)
- New Zealand (12.4 tons)
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