Price for Hand-Operated Spanners and Wrenches in Sri Lanka - 2021
Contents:
- Price for Hand-Operated Spanners and Wrenches in Sri Lanka (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Sri Lanka (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Sri Lanka
- Exports of Hand-Operated Spanners and Wrenches in Sri Lanka
Price for Hand-Operated Spanners and Wrenches in Sri Lanka (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $5,273 per ton, shrinking by -3.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2017 an increase of 22%. The import price peaked at $5,464 per ton in 2021, and then dropped in the following year.
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) ($15,196 per ton), while the price for China ($3,425 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) (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Sri Lanka (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $8,996 per ton, which is down by -4.5% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 256%. The export price peaked at $41,173 per ton in 2013; however, from 2014 to 2022, the 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 Germany ($63,391 per ton), while the average price for exports to Thailand ($2,192 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 the Philippines (+173.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Sri Lanka
In 2022, approx. 624 tons of hand-operated spanners and wrencheses were imported into Sri Lanka; which is down by -10.7% compared with 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 25%. As a result, imports reached the peak of 698 tons, and then contracted in the following year.
In value terms, hand-operated spanners and wrenches imports dropped to $3.3M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, imports attained the peak of $3.8M, and then shrank in the following year.
| Import of Hand-Operated Spanners and Wrenches in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,213 | 1,260 | 1,952 | 1,740 | 12.8% |
| Taiwan (Chinese) | 490 | 322 | 506 | 451 | -2.7% |
| India | 373 | 450 | 468 | 417 | 3.8% |
| Others | 982 | 730 | 888 | 680 | -11.5% |
| Total | 3,058 | 2,763 | 3,815 | 3,289 | 2.5% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Sri Lanka in 2022:
- China (508.0 tons)
- India (59.9 tons)
- Taiwan (Chinese) (29.7 tons)
Exports of Hand-Operated Spanners and Wrenches in Sri Lanka
Hand-operated spanners and wrenches exports from Sri Lanka fell remarkably to 3.8 tons in 2022, declining by -25.6% compared with the previous year. Over the period under review, exports showed a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 143%. As a result, the exports attained the peak of 5.1 tons, and then contracted significantly in the following year.
In value terms, hand-operated spanners and wrenches exports dropped significantly to $34K in 2022. In general, exports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 137% against the previous year.
| Export of Hand-Operated Spanners and Wrenches in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.4 | 0.9 | 11.8 | 8.4 | -12.2% |
| Poland | 18.1 | 0.6 | 9.3 | 6.7 | -28.2% |
| Malaysia | 1.1 | 1.6 | 5.9 | 4.2 | 56.3% |
| India | 13.4 | 3.4 | 0.6 | 2.4 | -43.6% |
| Maldives | 6.1 | 1.1 | 2.3 | 1.6 | -36.0% |
| Thailand | 2.1 | 2.7 | 2.1 | 1.5 | -10.6% |
| United Arab Emirates | 10.2 | 0.6 | 1.2 | 1.4 | -48.4% |
| Singapore | 0.1 | 0.3 | 0.4 | 0.7 | 91.3% |
| Ethiopia | 2.1 | N/A | 0.3 | 0.3 | -47.7% |
| Others | 12.2 | 9.2 | 14.3 | 6.8 | -17.7% |
| Total | 77.8 | 20.3 | 48.1 | 34.2 | -24.0% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Sri Lanka in 2022:
- India (718.0 kg)
- Thailand (697.0 kg)
- Maldives (614.0 kg)
- Poland (465.0 kg)
- Malaysia (413.0 kg)
- United Arab Emirates (196.0 kg)
- Germany (133.0 kg)
- Singapore (97.0 kg)
- Ethiopia (68.0 kg)
225
This report provides an in-depth analysis of the interchangeable spanner socket market in Sri Lanka.
594
This report provides an in-depth analysis of the hand tools market in Sri Lanka.
277
This report provides an in-depth analysis of the manifold business form market in Sri Lanka.
642
This report provides an in-depth analysis of the global interchangeable spanner socket market.
2761
This report provides an in-depth analysis of the global hand tools market.
455
This report provides an in-depth analysis of the global manifold business form market.
225
This report provides an in-depth analysis of the interchangeable spanner socket market in Sri Lanka.
642
This report provides an in-depth analysis of the global interchangeable spanner socket market.
306
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.
1038
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.
2650
In 2016, the global hand tools market amounted to $X in wholesale prices. This figure reflects the total revenue of producers and importers.
685
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...
637
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...
671
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...
698
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...
678
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...
684
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...
1298
In 2016, the amount of hand tools imported worldwide totaled X tons, approximately reflecting the previous year level. The total import volume increased at an average annual rate of +X% from X>
