Price for Hand-Operated Spanners and Wrenches in Qatar - 2023
Contents:
- Price for Hand-Operated Spanners and Wrenches in Qatar (CIF) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Qatar
Price for Hand-Operated Spanners and Wrenches in Qatar (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $9,202 per ton in 2022, with an increase of 3.4% against the previous year. In general, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17%. The import price peaked at $16,070 per ton in 2014; however, from 2015 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 the United States ($32,748 per ton), while the price for China ($4,171 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Hand-Operated Spanners and Wrenches in Qatar
After three years of growth, supplies from abroad of hand-operated spanners and wrencheses decreased by -23.5% to 347 tons in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of 454 tons, and then contracted markedly in the following year.
In value terms, hand-operated spanners and wrenches imports declined dramatically to $3.2M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year.
| Import of Hand-Operated Spanners and Wrenches in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 364 | 462 | 821 | 727 | 25.9% |
| Taiwan (Chinese) | 397 | 344 | 730 | 578 | 13.3% |
| United States | 643 | 1,090 | 649 | 530 | -6.2% |
| United Kingdom | 480 | 235 | 259 | 319 | -12.7% |
| Germany | 428 | 635 | 587 | 299 | -11.3% |
| India | N/A | 56.1 | 124 | 124 | 48.7% |
| Others | 131 | 571 | 867 | 616 | 67.5% |
| Total | 2,444 | 3,395 | 4,037 | 3,193 | 9.3% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Qatar in 2022:
- China (174.3 tons)
- Taiwan (Chinese) (79.5 tons)
- India (19.0 tons)
- Germany (17.9 tons)
- United States (16.2 tons)
- United Kingdom (14.4 tons)
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