Price for Hand-Operated Spanners and Wrenches in Belarus - 2022
Contents:
- Price for Hand-Operated Spanners and Wrenches in Belarus (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Belarus (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Belarus
- Exports of Hand-Operated Spanners and Wrenches in Belarus
Price for Hand-Operated Spanners and Wrenches in Belarus (CIF) - 2022
In 2022, the average hand-operated spanners and wrenches import price amounted to $6,067 per ton, rising by 23% against the previous year. Over the period under review, the import price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the peak figure at $8,541 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Russia ($10,274 per ton), while the price for India ($4,564 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+0.4%), while the prices for the other major suppliers experienced a decline.
Price for Hand-Operated Spanners and Wrenches in Belarus (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $4,607 per ton in 2022, with a decrease of -2% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 56%. Over the period under review, the average export prices hit record highs at $13,163 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($5,771 per ton), while the average price for exports to Georgia ($3,436 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 Georgia (-0.6%), while the prices for the other major destinations experienced a decline.
Imports of Hand-Operated Spanners and Wrenches in Belarus
In 2022, hand-operated spanners and wrenches imports into Belarus contracted to 1.6K tons, which is down by -9.3% on the year before. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 6.7%.
In value terms, hand-operated spanners and wrenches imports expanded markedly to $9.5M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 31%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Hand-Operated Spanners and Wrenches in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.6 | 3.3 | 4.0 | 4.4 | 6.9% |
| Russia | 1.4 | 1.0 | 1.8 | 2.0 | 12.6% |
| India | 1.5 | 0.9 | 1.3 | 1.4 | -2.3% |
| Taiwan (Chinese) | 1.3 | 0.8 | 0.7 | 1.0 | -8.4% |
| Others | 0.7 | 0.5 | 0.6 | 0.7 | 0.0% |
| Total | 8.5 | 6.5 | 8.5 | 9.5 | 3.8% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Belarus in 2022:
- China (902.4 tons)
- India (305.2 tons)
- Russia (194.9 tons)
- Taiwan (Chinese) (120.8 tons)
Exports of Hand-Operated Spanners and Wrenches in Belarus
In 2022, exports of hand-operated spanners and wrencheses from Belarus contracted to 1.1K tons, shrinking by -1.9% against 2021 figures. Over the period under review, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 2.4% against the previous year.
In value terms, hand-operated spanners and wrenches exports fell to $5.2M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, the exports reached the peak of $5.4M, and then fell modestly in the following year.
| Export of Hand-Operated Spanners and Wrenches in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 3.0 | 2.7 | 4.4 | 4.2 | 11.9% |
| Kazakhstan | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| Ukraine | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Poland | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Total | 3.7 | 3.4 | 5.4 | 5.2 | 12.0% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Belarus in 2022:
- Russia (925.1 tons)
- Kazakhstan (52.2 tons)
- Poland (45.9 tons)
- Ukraine (45.8 tons)
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