Price for Hand-Operated Spanners and Wrenches in Turkey - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Turkey (FOB) - 2022
- Price for Hand-Operated Spanners and Wrenches in Turkey (CIF) - 2022
- Exports of Hand-Operated Spanners and Wrenches in Turkey
- Imports of Hand-Operated Spanners and Wrenches in Turkey
Price for Hand-Operated Spanners and Wrenches in Turkey (FOB) - 2022
In 2022, the average hand-operated spanners and wrenches export price amounted to $9,195 per ton, growing by 3.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 18%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($12,239 per ton), while the average price for exports to Sweden ($3,816 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 Iran (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Turkey (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $11,180 per ton in 2022, dropping by -9.3% against the previous year. In general, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2020 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the peak figure at $19,653 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($41,726 per ton), while the price for Romania ($4,009 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) (-1.4%), while the prices for the other major suppliers experienced a decline.
Exports of Hand-Operated Spanners and Wrenches in Turkey
In 2022, the amount of hand-operated spanners and wrencheses exported from Turkey reduced notably to 1.3K tons, dropping by -51.9% on the year before. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. As a result, the exports attained the peak of 2.8K tons, and then contracted remarkably in the following year.
In value terms, hand-operated spanners and wrenches exports fell sharply to $12M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 108% against the previous year. As a result, the exports reached the peak of $24M, and then fell significantly in the following year.
| Export of Hand-Operated Spanners and Wrenches in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4,580 | 4,544 | 8,843 | 4,108 | -3.6% |
| Switzerland | 947 | 1,043 | 2,897 | 1,346 | 12.4% |
| Iraq | 322 | 1,292 | 356 | 498 | 15.6% |
| Russia | 383 | 210 | 848 | 394 | 0.9% |
| Austria | 535 | 357 | 777 | 362 | -12.2% |
| Iran | 158 | 41.6 | 679 | 316 | 26.0% |
| Taiwan (Chinese) | 287 | 501 | 532 | 297 | 1.1% |
| Spain | 360 | 239 | 637 | 296 | -6.3% |
| Italy | 335 | 280 | 633 | 294 | -4.3% |
| Slovakia | 1.4 | 1.5 | 558 | 259 | 469.8% |
| Belgium | 208 | 199 | 435 | 202 | -1.0% |
| Sweden | 213 | 183 | 376 | 175 | -6.3% |
| Kazakhstan | 336 | 63.0 | 224 | 143 | -24.8% |
| Others | 3,233 | 2,807 | 6,704 | 3,501 | 2.7% |
| Total | 11,900 | 11,762 | 24,498 | 12,189 | 0.8% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Turkey in 2022:
- Germany (335.7 tons)
- Switzerland (124.6 tons)
- Russia (95.3 tons)
- Iraq (90.1 tons)
- Sweden (45.8 tons)
- Spain (44.6 tons)
- Austria (43.9 tons)
- Italy (41.4 tons)
- Iran (40.3 tons)
- Kazakhstan (32.3 tons)
- Taiwan (Chinese) (31.0 tons)
- Belgium (30.6 tons)
- Slovakia (28.7 tons)
Imports of Hand-Operated Spanners and Wrenches in Turkey
In 2022, the amount of hand-operated spanners and wrencheses imported into Turkey reduced markedly to 575 tons, which is down by -56.8% against the previous year. Overall, imports faced a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 5.3% against the previous year. As a result, imports reached the peak of 1.3K tons, and then shrank remarkably in the following year.
In value terms, hand-operated spanners and wrenches imports declined significantly to $6.4M in 2022. In general, imports continue to indicate a dramatic descent. The pace of growth was the most pronounced in 2021 when imports increased by 19%. As a result, imports attained the peak of $16M, and then dropped remarkably in the following year.
| Import of Hand-Operated Spanners and Wrenches in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3.5 | 4.4 | 4.5 | 1.7 | -21.4% |
| Germany | 2.4 | 3.1 | 3.5 | 1.4 | -16.4% |
| China | 1.4 | 1.7 | 2.7 | 1.1 | -7.7% |
| United States | 1.8 | 1.2 | 1.5 | 0.6 | -30.7% |
| Italy | 0.7 | 0.7 | 0.8 | 0.3 | -24.6% |
| Spain | 0.6 | 0.3 | 0.4 | 0.2 | -30.7% |
| Romania | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| India | 0.3 | 0.3 | 0.2 | 0.1 | -30.7% |
| Slovakia | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Ireland | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Others | 1.6 | 1.7 | 2.4 | 0.9 | -17.5% |
| Total | 12.6 | 13.8 | 16.4 | 6.4 | -20.2% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Turkey in 2022:
- China (182.6 tons)
- Taiwan (Chinese) (165.1 tons)
- Germany (92.6 tons)
- India (24.1 tons)
- Spain (17.5 tons)
- Romania (15.6 tons)
- United States (14.0 tons)
- Italy (11.2 tons)
- Ireland (10.3 tons)
- Slovakia (9.8 tons)
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