Price for Hand-Operated Spanners and Wrenches in Japan - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Japan (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Japan (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Japan
- Exports of Hand-Operated Spanners and Wrenches in Japan
Price for Hand-Operated Spanners and Wrenches in Japan (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $12,991 per ton, picking up by 5.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2016 an increase of 8.6%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($49,781 per ton), while the price for India ($5,419 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hand-Operated Spanners and Wrenches in Japan (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $27,894 per ton in 2022, which is down by -9.1% against the previous year. Over the period under review, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 23%. The export price peaked at $32,710 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($56,547 per ton), while the average price for exports to the Philippines ($6,774 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 United Arab Emirates (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hand-Operated Spanners and Wrenches in Japan
In 2022, imports of hand-operated spanners and wrencheses into Japan fell slightly to 6.9K tons, remaining constant against the previous year's figure. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, imports reached the peak of 7K tons, and then reduced slightly in the following year.
In value terms, hand-operated spanners and wrenches imports expanded modestly to $89M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Hand-Operated Spanners and Wrenches in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 34.0 | 32.7 | 39.4 | 42.7 | 7.9% |
| China | 25.1 | 24.8 | 27.8 | 29.9 | 6.0% |
| United States | 14.3 | 10.0 | 10.7 | 8.4 | -16.3% |
| India | 0.7 | 0.7 | 1.0 | 0.8 | 4.6% |
| Others | 6.7 | 4.4 | 6.7 | 7.6 | 4.3% |
| Total | 80.9 | 72.6 | 85.6 | 89.4 | 3.4% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Japan in 2022:
- China (3.5K tons)
- Taiwan (Chinese) (2.8K tons)
- United States (0.2K tons)
- India (0.1K tons)
Exports of Hand-Operated Spanners and Wrenches in Japan
In 2022, the amount of hand-operated spanners and wrencheses exported from Japan was estimated at 1.8K tons, increasing by 1.5% compared with the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 27%.
In value terms, hand-operated spanners and wrenches exports shrank to $51M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, the exports reached the peak of $56M, and then shrank in the following year.
| Export of Hand-Operated Spanners and Wrenches in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 13.7 | 12.5 | 14.5 | 12.6 | -2.8% |
| China | 5.9 | 5.1 | 7.2 | 7.9 | 10.2% |
| United States | 4.8 | 3.7 | 5.2 | 4.9 | 0.7% |
| Thailand | 3.8 | 2.9 | 3.1 | 3.3 | -4.6% |
| Taiwan (Chinese) | 2.5 | 2.6 | 3.1 | 3.0 | 6.3% |
| Luxembourg | 2.5 | 2.4 | 3.3 | 2.7 | 2.6% |
| Hong Kong SAR | 2.8 | 2.3 | 3.1 | 2.2 | -7.7% |
| Indonesia | 2.1 | 1.1 | 1.3 | 1.7 | -6.8% |
| Vietnam | 1.2 | 1.0 | 3.1 | 1.3 | 2.7% |
| Singapore | 0.7 | 0.5 | 0.6 | 0.7 | 0.0% |
| Saudi Arabia | 0.7 | 0.5 | 0.5 | 0.6 | -5.0% |
| Philippines | 0.8 | 0.5 | 0.7 | 0.6 | -9.1% |
| United Arab Emirates | 0.3 | 0.4 | 0.2 | 0.5 | 18.6% |
| Others | 10.0 | 7.3 | 9.6 | 9.3 | -2.4% |
| Total | 51.8 | 43.1 | 55.6 | 51.3 | -0.3% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Japan in 2022:
- South Korea (510.7 tons)
- Indonesia (155.5 tons)
- Thailand (147.5 tons)
- China (140.1 tons)
- Taiwan (Chinese) (135.1 tons)
- Luxembourg (104.3 tons)
- United States (92.5 tons)
- Philippines (88.5 tons)
- Hong Kong SAR (81.2 tons)
- Vietnam (50.2 tons)
- United Arab Emirates (46.7 tons)
- Singapore (41.4 tons)
- Saudi Arabia (40.9 tons)
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