Report Update Nov 1, 2024

Sudan - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends and Insights

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Sudan: Interchangeable Spanner Socket Market 2024

Interchangeable Spanner Socket Market Size in Sudan

In 2022, the Sudanese interchangeable spanner socket market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw a prominent increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Interchangeable Spanner Socket Exports

Exports from Sudan

In 2021, shipments abroad of interchangeable spanner sockets decreased by 0% to X kg for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2018 when exports increased by 25%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, interchangeable spanner socket exports amounted to $X in 2021. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 119%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Uzbekistan (X kg) was the main destination for interchangeable spanner socket exports from Sudan, with a 92% share of total exports. Moreover, interchangeable spanner socket exports to Uzbekistan exceeded the volume sent to the second major destination, Slovakia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (0.0% per year) and Sri Lanka (0.0% per year).

From 2012 to 2021, the average annual growth rate of value to Uzbekistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (0.0% per year) and Sri Lanka (0.0% per year).

Export Prices by Country

The average interchangeable spanner socket export price stood at $X per ton in 2021, remaining stable against the previous year. Overall, the export price saw a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 75%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports into Sudan

In 2022, supplies from abroad of interchangeable spanner sockets increased by 70% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 708%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, interchangeable spanner socket imports surged to $X in 2022. In general, imports saw a noticeable expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 311% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Ecuador (X tons) and the United Arab Emirates (X tons) were the main suppliers of interchangeable spanner socket imports to Sudan, together accounting for 73% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +43.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) constituted the largest supplier of interchangeable spanner sockets to Sudan, comprising 56% of total imports. The second position in the ranking was held by China ($X), with an 8.7% share of total imports. It was followed by the United Arab Emirates, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ecuador amounted to +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.6% per year) and the United Arab Emirates (-3.2% per year).

Import Prices by Country

In 2022, the average interchangeable spanner socket import price amounted to $X per ton, reducing by -30.3% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 30%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ecuador ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for interchangeable spanner sockets in the world?

The countries with the highest volumes of interchangeable spanner socket consumption in 2021 were China, the United States and India, with a combined 50% share of global consumption. Russia, Germany, Mexico, Turkey, Japan, the UK, Spain, the Netherlands, Poland and Taiwan Chinese) lagged somewhat behind, together accounting for a further 28%.

What are the largest producers of interchangeable spanner sockets in the world?

China remains the largest interchangeable spanner socket producing country worldwide, comprising approx. 46% of total volume. Moreover, interchangeable spanner socket production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), twofold. The third position in this ranking was occupied by India, with a 10% share.

What are the leading suppliers of interchangeable spanner sockets to Sudan?

In value terms, Ecuador, China and the United Arab Emirates appeared to be the largest interchangeable spanner socket suppliers to Sudan, with a combined 83% share of total imports. The UK and Egypt lagged somewhat behind, together accounting for a further 6.4%.

What is the average export price for interchangeable spanner sockets in Sudan?

In 2021, the average interchangeable spanner socket export price amounted to $15,970 per ton, standing approx. at the previous year.

What is the average import price for interchangeable spanner sockets in Sudan?

In 2021, the average interchangeable spanner socket import price amounted to $3,822 per ton, waning by -31.9% against the previous year.

This report provides an in-depth analysis of the interchangeable spanner socket market in Sudan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25733037 - Interchangeable spanner sockets

Country coverage:

Sudan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sudan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023