Price for Hand-Operated Spanners and Wrenches in Kuwait - 2021
Contents:
- Price for Hand-Operated Spanners and Wrenches in Kuwait (CIF) - 2022
- Price for Hand-Operated Spanners and Wrenches in Kuwait (FOB) - 2022
- Imports of Hand-Operated Spanners and Wrenches in Kuwait
- Exports of Hand-Operated Spanners and Wrenches in Kuwait
Price for Hand-Operated Spanners and Wrenches in Kuwait (CIF) - 2022
The average hand-operated spanners and wrenches import price stood at $9,519 per ton in 2022, with an increase of 8.5% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand-operated spanners and wrenches import price increased by +10.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $14,415 per ton. From 2017 to 2022, the average 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 ($25,437 per ton), while the price for Japan ($3,650 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Spanners and Wrenches in Kuwait (FOB) - 2022
The average hand-operated spanners and wrenches export price stood at $17,845 per ton in 2022, surging by 73% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $25,931 per ton in 2015; however, from 2016 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 Qatar ($34,897 per ton), while the average price for exports to Iran ($1,170 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 Saudi Arabia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Spanners and Wrenches in Kuwait
Hand-operated spanners and wrenches imports into Kuwait fell to 312 tons in 2022, waning by -10.6% compared with 2021 figures. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year.
In value terms, hand-operated spanners and wrenches imports shrank slightly to $3M in 2022. In general, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 6.5%.
| Import of Hand-Operated Spanners and Wrenches in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 968 | 472 | 814 | 640 | -12.9% |
| United States | 773 | 666 | 696 | 591 | -8.6% |
| Germany | 672 | 219 | 179 | 285 | -24.9% |
| Taiwan (Chinese) | 348 | 334 | 241 | 258 | -9.5% |
| United Kingdom | 322 | 312 | 63.6 | 199 | -14.8% |
| Spain | 129 | 397 | 92.8 | 186 | 13.0% |
| India | 108 | 65.7 | 201 | 158 | 13.5% |
| South Korea | 169 | 5.6 | 11.2 | 46.7 | -34.9% |
| Japan | 183 | 69.3 | 243 | 8.2 | -64.5% |
| Others | 587 | 335 | 523 | 597 | 0.6% |
| Total | 4,260 | 2,877 | 3,064 | 2,970 | -11.3% |
Top Suppliers of Hand-Operated Spanners and Wrenches to Kuwait in 2022:
- China (167.3 tons)
- Taiwan (Chinese) (36.6 tons)
- United States (23.2 tons)
- Germany (13.7 tons)
- India (13.5 tons)
- United Kingdom (11.0 tons)
- Spain (8.2 tons)
- South Korea (2.5 tons)
- Japan (2.3 tons)
Exports of Hand-Operated Spanners and Wrenches in Kuwait
For the third year in a row, Kuwait recorded decline in overseas shipments of hand-operated spanners and wrencheses, which decreased by -30% to 1.4 tons in 2022. Overall, exports showed a significant contraction. The smallest decline of -0.3% was in 2021.
In value terms, hand-operated spanners and wrenches exports skyrocketed to $24K in 2022. Over the period under review, exports saw a dramatic contraction.
| Export of Hand-Operated Spanners and Wrenches in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 160 | 13.6 | 7.9 | 8.7 | -62.1% |
| United Arab Emirates | 10.2 | 6.2 | 2.3 | 2.9 | -34.2% |
| Qatar | 1.7 | 1.6 | 2.3 | 2.5 | 13.7% |
| Bahrain | 18.8 | 1.1 | 0.1 | 0.9 | -63.7% |
| Oman | 5.0 | 1.4 | 0.8 | 0.8 | -45.7% |
| Egypt | 4.7 | 0.5 | 0.4 | 0.4 | -56.0% |
| Iran | 0.4 | 0.1 | N/A | 0.1 | -37.0% |
| Lebanon | 17.3 | N/A | N/A | N/A | 0% |
| Others | 23.4 | 3.8 | 6.1 | 7.9 | -30.4% |
| Total | 242 | 28.3 | 19.9 | 24.1 | -53.6% |
Top Export Markets for Hand-Operated Spanners and Wrenches from Kuwait in 2022:
- Saudi Arabia (545.0 kg)
- Bahrain (225.0 kg)
- United Arab Emirates (182.0 kg)
- Oman (95.0 kg)
- Qatar (71.0 kg)
- Egypt (66.0 kg)
- Iran (52.0 kg)
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