Price for Hand-Operated Spanners and Wrenches in South Africa - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in South Africa (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in South Africa (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in South Africa
- Exports of Hand-Operated Spanners and Wrenches in South Africa
Price for Hand-Operated Spanners and Wrenches in South Africa (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $3,620 per ton, dropping by -32.8% against the previous year. Overall, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 7.3%. The import price peaked at $9,733 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Germany ($31,125 per ton), while the price for China ($3,241 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.2%), while the prices for the other major suppliers experienced a decline.
Price for Hand-Operated Spanners and Wrenches in South Africa (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $10,769 per ton, surging by 3.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 20%. The export price peaked at $11,808 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($13,057 per ton), while the average price for exports to Lesotho ($5,729 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 Zambia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in South Africa
In 2022, approx. 2.4K tons of hand-operated spanners and wrencheses were imported into South Africa; declining by -36.4% against the previous year. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of 3.8K tons, and then dropped markedly in the following year.
In value terms, hand-operated spanners and wrenches imports reduced rapidly to $8.7M in 2022. Overall, imports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of $20M, and then shrank remarkably in the following year.
| Import of Hand-Operated Spanners and Wrenches in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.9 | 4.8 | 7.2 | 7.5 | 8.3% |
| Taiwan (Chinese) | 6.1 | 4.4 | 6.2 | N/A | 0.8% |
| India | 2.4 | 1.7 | 2.3 | N/A | -2.1% |
| Others | 4.2 | 3.0 | 4.5 | 1.1 | -36.0% |
| Total | 18.7 | 13.9 | 20.3 | 8.7 | -22.5% |
Top Suppliers of Hand-Operated Spanners and Wrenches to South Africa in 2022:
- China (2328.0 tons)
- Taiwan (Chinese) (0.3 tons)
- India (0.1 tons)
Exports of Hand-Operated Spanners and Wrenches in South Africa
Hand-operated spanners and wrenches exports from South Africa fell to 722 tons in 2022, declining by -9.2% on 2021 figures. In general, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 when exports increased by 13% against the previous year.
In value terms, hand-operated spanners and wrenches exports shrank to $7.8M in 2022. Overall, exports recorded a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 17%.
| Export of Hand-Operated Spanners and Wrenches in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 1,209 | 680 | 1,011 | 1,164 | -1.3% |
| Namibia | 1,327 | 1,241 | 829 | 1,033 | -8.0% |
| Zimbabwe | 614 | 912 | 1,040 | 914 | 14.2% |
| Zambia | 690 | 487 | 705 | 731 | 1.9% |
| United States | 1,403 | 573 | 1,133 | 726 | -19.7% |
| Democratic Republic of the Congo | 673 | 529 | 751 | 631 | -2.1% |
| Mozambique | 668 | 541 | 480 | 532 | -7.3% |
| Swaziland | 297 | 250 | 329 | 313 | 1.8% |
| Lesotho | 143 | 127 | 104 | 177 | 7.4% |
| Others | 2,664 | 1,725 | 1,892 | 1,551 | -16.5% |
| Total | 9,689 | 7,066 | 8,274 | 7,772 | -7.1% |
Top Export Markets for Hand-Operated Spanners and Wrenches from South Africa in 2022:
- Namibia (149.6 tons)
- Botswana (106.2 tons)
- Zimbabwe (93.6 tons)
- Democratic Republic of the Congo (82.4 tons)
- Zambia (79.0 tons)
- Swaziland (43.6 tons)
- Mozambique (40.7 tons)
- Lesotho (30.9 tons)
- United States (19.1 tons)
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