Price for Hand-Operated Spanners and Wrenches in Morocco - 2022
Contents:
- Price for Hand-Operated Spanners and Wrenches in Morocco (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Morocco (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Morocco
- Exports of Hand-Operated Spanners and Wrenches in Morocco
Price for Hand-Operated Spanners and Wrenches in Morocco (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $3,773 per ton in 2022, which is down by -3.9% against the previous year. Overall, the import price showed a pronounced reduction. The pace of growth was the most pronounced in 2018 an increase of 6.6% against the previous year. The import price peaked at $5,366 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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) ($18,732 per ton), while the price for China ($2,378 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) (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Hand-Operated Spanners and Wrenches in Morocco (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $17,176 per ton in 2022, falling by -8.9% against the previous year. In general, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices hit record highs at $37,408 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($58,178 per ton), while the average price for exports to Senegal ($8,375 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 Mauritania (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Morocco
Hand-operated spanners and wrenches imports into Morocco skyrocketed to 1.9K tons in 2022, growing by 32% against 2021 figures. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.3% 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 +48.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, hand-operated spanners and wrenches imports skyrocketed to $7.3M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 2.3 | 2.9 | 3.5 | 10.4% |
| Taiwan (Chinese) | 0.7 | 0.6 | 0.6 | 0.8 | 4.6% |
| France | 0.6 | 0.4 | 0.6 | 0.7 | 5.3% |
| Spain | 0.8 | 0.5 | 0.4 | 0.7 | -4.4% |
| India | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Others | 0.9 | 0.8 | 0.9 | 1.2 | 10.1% |
| Total | 6.0 | 5.0 | 5.7 | 7.3 | 6.8% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Morocco in 2022:
- China (1475.5 tons)
- Spain (156.7 tons)
- India (145.9 tons)
- France (42.5 tons)
- Taiwan (Chinese) (41.5 tons)
Exports of Hand-Operated Spanners and Wrenches in Morocco
Hand-operated spanners and wrenches exports from Morocco soared to 6.6 tons in 2022, surging by 65% against the previous year's figure. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 69%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, hand-operated spanners and wrenches exports skyrocketed to $113K in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Hand-Operated Spanners and Wrenches in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 21.2 | 8.7 | 26.9 | 40.2 | 23.8% |
| Guinea | 1.9 | 27.0 | 5.3 | 16.9 | 107.2% |
| France | 10.0 | 0.5 | 7.9 | 11.7 | 5.4% |
| Cameroon | N/A | 0.1 | 7.2 | 10.8 | 939.2% |
| Mauritania | 0.8 | 0.7 | 7.2 | 10.7 | 137.4% |
| Belgium | 0.5 | 0.5 | 6.3 | 9.4 | 165.9% |
| Senegal | 1.4 | 4.2 | 3.2 | 4.8 | 50.8% |
| Nigeria | 5.8 | N/A | N/A | N/A | 0% |
| Madagascar | 3.7 | N/A | N/A | N/A | 0% |
| Brazil | 1.7 | N/A | N/A | N/A | 0% |
| Others | 8.8 | 6.0 | 10.9 | 8.4 | -1.5% |
| Total | 55.7 | 47.7 | 75.0 | 113 | 26.6% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Morocco in 2022:
- Spain (3223.0 kg)
- France (1341.0 kg)
- Senegal (573.0 kg)
- Guinea (479.0 kg)
- Mauritania (268.0 kg)
- Cameroon (263.0 kg)
- Belgium (161.0 kg)
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