Price for Hand-Operated Spanners and Wrenches in Canada - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Canada (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Canada (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Canada
- Exports of Hand-Operated Spanners and Wrenches in Canada
Price for Hand-Operated Spanners and Wrenches in Canada (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $12,863 per ton, with a decrease of -3.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 10%. As a result, import price attained the peak level of $14,272 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($13,873 per ton) and Taiwan (Chinese) ($13,181 per ton), while the price for Japan ($11,744 per ton) and China ($12,548 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hand-Operated Spanners and Wrenches in Canada (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $23,688 per ton in 2022, falling by -5.5% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46% against the previous year. As a result, the export price attained the peak level of $25,057 per ton, and then contracted in the following year.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($29,208 per ton) and Australia ($27,915 per ton), while the average price for exports to the United States ($22,397 per ton) and Germany ($22,727 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Canada
In 2022, imports of hand-operated spanners and wrencheses into Canada soared to 11K tons, rising by 24% compared with the previous year's figure. Overall, imports, however, showed a noticeable shrinkage.
In value terms, hand-operated spanners and wrenches imports surged to $144M in 2022. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hand-Operated Spanners and Wrenches in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 54.3 | 38.0 | 39.8 | 48.8 | -3.5% |
| United States | 43.7 | 33.9 | 39.5 | 44.4 | 0.5% |
| Taiwan (Chinese) | 21.8 | 22.2 | 27.7 | 31.2 | 12.7% |
| Japan | 14.2 | 0.3 | 0.6 | 5.6 | -26.7% |
| Germany | 2.8 | 2.7 | 3.8 | 4.3 | 15.4% |
| Others | 4.8 | 5.5 | 8.7 | 10.1 | 28.1% |
| Total | 142 | 103 | 120 | 144 | 0.5% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Canada in 2022:
- China (3.9K tons)
- United States (3.4K tons)
- Taiwan (Chinese) (2.4K tons)
- Japan (0.5K tons)
- Germany (0.3K tons)
Exports of Hand-Operated Spanners and Wrenches in Canada
In 2022, overseas shipments of hand-operated spanners and wrencheses decreased by -8.4% to 359 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2020 when exports increased by 7%. As a result, the exports attained the peak of 474 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, hand-operated spanners and wrenches exports shrank to $8.5M in 2022. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year.
| Export of Hand-Operated Spanners and Wrenches in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7,063 | 5,438 | 5,924 | 5,267 | -9.3% |
| Australia | 223 | 294 | 337 | 294 | 9.7% |
| Germany | 411 | 217 | 218 | 242 | -16.2% |
| Saudi Arabia | 50.8 | 56.9 | 265 | 232 | 65.9% |
| Russia | 188 | 170 | 223 | 195 | 1.2% |
| United Kingdom | 242 | 129 | 214 | 187 | -8.2% |
| Mexico | 220 | 133 | 183 | 160 | -10.1% |
| Netherlands | 83.4 | 216 | 162 | 141 | 19.1% |
| Others | 2,258 | 1,464 | 2,290 | 1,778 | -7.7% |
| Total | 10,739 | 8,118 | 9,815 | 8,496 | -7.5% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Canada in 2022:
- United States (235.2 tons)
- Germany (10.6 tons)
- Australia (10.5 tons)
- Saudi Arabia (9.2 tons)
- United Kingdom (7.3 tons)
- Russia (6.7 tons)
- Netherlands (6.0 tons)
- Mexico (5.8 tons)
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