Price for Hand-Operated Spanners and Wrenches in Ecuador - 2022
Contents:
- Price for Hand-Operated Spanners and Wrenches in Ecuador (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Ecuador (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Ecuador
- Exports of Hand-Operated Spanners and Wrenches in Ecuador
Price for Hand-Operated Spanners and Wrenches in Ecuador (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $8,036 per ton, almost unchanged from the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 8.6% against the previous year. Over the period under review, average import prices reached the peak figure at $8,452 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($25,931 per ton), while the price for India ($4,844 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 (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Ecuador (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $16,823 per ton, standing approx. at the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 export price increased by +88.6% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of 46%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($58,438 per ton), while the average price for exports to Canada ($7,404 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 El Salvador (+668.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Ecuador
Hand-operated spanners and wrenches imports into Ecuador shrank dramatically to 831 tons in 2022, with a decrease of -23% compared with the year before. Overall, imports recorded a pronounced reduction. The growth pace was the most rapid in 2021 when imports increased by 85%. As a result, imports reached the peak of 1.1K tons, and then fell significantly in the following year.
In value terms, hand-operated spanners and wrenches imports dropped dramatically to $6.7M in 2022. Over the period under review, imports recorded a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of 87%. As a result, imports reached the peak of $8.7M, and then dropped rapidly in the following year.
| Import of Hand-Operated Spanners and Wrenches in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 2.9 | 5.9 | 4.5 | 2.3% |
| Taiwan (Chinese) | 1.1 | 0.6 | 1.1 | 0.8 | -10.1% |
| United States | 0.8 | 0.4 | 0.8 | 0.6 | -9.1% |
| India | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Others | 0.6 | 0.4 | 0.6 | 0.5 | -5.9% |
| Total | 7.0 | 4.6 | 8.7 | 6.7 | -1.4% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Ecuador in 2022:
- China (664.2 tons)
- Taiwan (Chinese) (65.6 tons)
- India (45.4 tons)
- United States (23.5 tons)
Exports of Hand-Operated Spanners and Wrenches in Ecuador
In 2022, hand-operated spanners and wrenches exports from Ecuador surged to 1.4 tons, jumping by 44% on 2021 figures. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 171%. As a result, the exports attained the peak of 2 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, hand-operated spanners and wrenches exports skyrocketed to $23K in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 145% against the previous year. As a result, the exports attained the peak of $30K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Hand-Operated Spanners and Wrenches in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 0.6 | 6.6 | 5.5 | 10.4 | 158.8% |
| Canada | N/A | 7.5 | 2.2 | 4.2 | -25.2% |
| Colombia | 1.7 | 6.8 | 2.1 | 4.1 | 34.1% |
| United States | 0.1 | 0.6 | 1.3 | 2.5 | 192.4% |
| Peru | 1.0 | 1.7 | 0.5 | 0.9 | -3.5% |
| China | N/A | N/A | N/A | N/A | 0% |
| Others | 8.7 | 6.4 | 4.0 | 0.6 | -59.0% |
| Total | 12.1 | 29.7 | 15.7 | 22.7 | 23.3% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Ecuador in 2022:
- Canada (570.0 kg)
- Mexico (538.0 kg)
- Colombia (129.0 kg)
- Peru (62.0 kg)
- United States (42.0 kg)
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