Price for Hand-Operated Spanners and Wrenches in Egypt - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Egypt (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Egypt (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Egypt
- Exports of Hand-Operated Spanners and Wrenches in Egypt
Price for Hand-Operated Spanners and Wrenches in Egypt (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $10,902 per ton, falling by -17.2% against the previous year. Over the period under review, the import price, however, saw prominent growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 86% against the previous year. The import price peaked at $13,166 per ton in 2021, and then dropped notably in the following year.
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) ($25,064 per ton), while the price for Belarus ($3,680 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Egypt (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $23,197 per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, continues to indicate a perceptible expansion. The growth pace was the most rapid in 2017 when the average export price increased by 59% against the previous year. The export price peaked at $25,447 per ton in 2020; however, from 2021 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 Tanzania ($30,196 per ton), while the average price for exports to Sudan amounted to $19,333 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Egypt
In 2022, overseas purchases of hand-operated spanners and wrencheses increased by 11% to 573 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a dramatic decrease.
In value terms, hand-operated spanners and wrenches imports dropped to $6.2M in 2022. Overall, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 8.2%.
| Import of Hand-Operated Spanners and Wrenches in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,771 | 2,668 | 2,658 | 2,670 | -10.9% |
| India | 1,522 | 1,675 | 1,625 | 1,414 | -2.4% |
| Taiwan (Chinese) | 1,048 | 773 | 561 | 700 | -12.6% |
| Germany | 799 | 202 | 223 | 360 | -23.3% |
| United Kingdom | 476 | 227 | 283 | 290 | -15.2% |
| United States | 553 | 100 | 65.4 | 212 | -27.4% |
| Spain | 299 | 82.5 | 75.4 | 135 | -23.3% |
| Belarus | 6.1 | 12.0 | 41.5 | 36.2 | 81.0% |
| Others | 908 | 554 | 1,276 | 427 | -22.2% |
| Total | 9,383 | 6,294 | 6,807 | 6,243 | -12.7% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Egypt in 2022:
- China (328.6 tons)
- India (104.0 tons)
- Taiwan (Chinese) (27.9 tons)
- Germany (26.5 tons)
- United Kingdom (21.9 tons)
- United States (14.9 tons)
- Belarus (9.8 tons)
- Spain (9.2 tons)
Exports of Hand-Operated Spanners and Wrenches in Egypt
After two years of decline, shipments abroad of hand-operated spanners and wrencheses increased by 24% to 965 kg in 2022. In general, exports, however, continue to indicate a deep contraction.
In value terms, hand-operated spanners and wrenches exports soared to $22K in 2022. Overall, exports, however, showed a deep slump.
| Export of Hand-Operated Spanners and Wrenches in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 31.0 | 21.8 | 13.4 | 17.5 | -17.4% |
| Tanzania | N/A | 0.1 | 0.5 | 0.6 | 144.9% |
| Others | 4.0 | 4.7 | 4.2 | 4.3 | 2.4% |
| Total | 35.0 | 26.6 | 18.1 | 22.4 | -13.8% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Egypt in 2022:
- Sudan (904.0 kg)
- Tanzania (21.0 kg)
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