Price for Hand-Operated Spanners and Wrenches in Singapore - 2022
Contents:
- Price for Hand-Operated Spanners and Wrenches in Singapore (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Singapore (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Singapore
- Exports of Hand-Operated Spanners and Wrenches in Singapore
Price for Hand-Operated Spanners and Wrenches in Singapore (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $13,064 per ton in 2022, approximately mirroring the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 13% against the previous year. As a result, import price attained the peak level of $14,777 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($14,041 per ton) and the United States ($13,520 per ton), while the price for Japan ($12,044 per ton) and the UK ($12,629 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Singapore (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $25,177 per ton, waning by -2% against the previous year. Over the period under review, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $25,703 per ton, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($32,685 per ton), while the average price for exports to the United Arab Emirates ($8,053 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 (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Singapore
In 2022, the amount of hand-operated spanners and wrencheses imported into Singapore soared to 4.4K tons, jumping by 183% against 2021. Over the period under review, imports recorded a significant increase. 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 $58M in 2022. Overall, imports showed a significant expansion. 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.2 | 6.0 | 7.1 | 20.1 | 40.8% |
| China | 2.2 | 1.6 | 3.4 | 9.5 | 62.8% |
| Japan | 0.7 | 0.6 | 2.9 | 8.1 | 126.2% |
| Taiwan (Chinese) | 2.3 | 1.6 | 2.2 | 6.1 | 38.4% |
| Germany | 0.9 | 0.7 | 0.9 | 2.6 | 42.4% |
| India | 0.6 | 0.5 | 0.8 | 2.2 | 54.2% |
| United Kingdom | 0.6 | 0.3 | 0.4 | 1.3 | 29.4% |
| Malaysia | 0.1 | 0.1 | 0.4 | 1.0 | 115.4% |
| Spain | 0.3 | 0.2 | 0.4 | 1.0 | 49.4% |
| Others | 1.4 | 1.2 | 1.9 | 6.0 | 62.4% |
| Total | 16.4 | 12.8 | 20.4 | 57.9 | 52.3% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Singapore in 2022:
- United States (1485.7 tons)
- China (720.1 tons)
- Japan (671.0 tons)
- Taiwan (Chinese) (482.6 tons)
- Germany (204.4 tons)
- India (167.3 tons)
- United Kingdom (100.1 tons)
- Malaysia (76.4 tons)
- Spain (73.1 tons)
Exports of Hand-Operated Spanners and Wrenches in Singapore
Hand-operated spanners and wrenches exports from Singapore surged to 1.4K tons in 2022, picking up by 247% on the year before. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, hand-operated spanners and wrenches exports skyrocketed to $34M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hand-Operated Spanners and Wrenches in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.0 | 5.5 | 1.4 | 8.4 | 61.3% |
| India | 1.8 | 0.8 | 1.2 | 3.6 | 26.0% |
| Malaysia | 1.0 | 1.2 | 1.2 | 3.5 | 51.8% |
| Thailand | 1.0 | 0.7 | 0.9 | 2.5 | 35.7% |
| China | 0.6 | 0.4 | 0.8 | 2.2 | 54.2% |
| Philippines | 0.6 | 0.4 | 0.7 | 2.0 | 49.4% |
| United States | 0.6 | 0.4 | 0.3 | 1.3 | 29.4% |
| Japan | 0.2 | 0.2 | 0.3 | 0.9 | 65.1% |
| Australia | 0.3 | 0.2 | 0.3 | 0.7 | 32.6% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.2 | 0.6 | 81.7% |
| Brunei Darussalam | 0.1 | 0.3 | 0.2 | 0.6 | 81.7% |
| Vietnam | 0.2 | 0.2 | 0.2 | 0.6 | 44.2% |
| United Arab Emirates | N/A | 0.3 | N/A | 0.3 | 0.0% |
| Others | 2.5 | 1.6 | 2.3 | 7.0 | 40.9% |
| Total | 11.1 | 12.1 | 10.1 | 34.4 | 45.8% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Singapore in 2022:
- Indonesia (388.9 tons)
- India (139.2 tons)
- Malaysia (129.9 tons)
- Thailand (87.8 tons)
- China (78.6 tons)
- Philippines (62.6 tons)
- United States (50.0 tons)
- United Arab Emirates (37.0 tons)
- Japan (30.3 tons)
- Australia (28.1 tons)
- Brunei Darussalam (24.2 tons)
- Taiwan (Chinese) (23.7 tons)
- Vietnam (22.5 tons)
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