Price for Agriculture or Forestry Hand Tools in Belgium - 2023

Contents:

1. Price for Agriculture or Forestry Hand Tools in Belgium (CIF) - 2023
2. Price for Agriculture or Forestry Hand Tools in Belgium (FOB) - 2023
3. Imports of Agriculture or Forestry Hand Tools in Belgium
4. Exports of Agriculture or Forestry Hand Tools in Belgium

Price for Agriculture or Forestry Hand Tools in Belgium (CIF) - 2023

The average import price for agriculture or forestry hand toolses stood at $9,055 per ton in June 2023, waning by -2.2% against the previous month. Over the period under review, import price indicated moderate growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, agriculture or forestry hand tools import price decreased by -5.9% against March 2023 indices. The pace of growth appeared the most rapid in August 2022 an increase of 126% month-to-month. As a result, import price attained the peak level of $12,680 per ton. From September 2022 to June 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($16,893 per ton), while the price for China ($6,617 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Agriculture or Forestry Hand Tools in Belgium (FOB) - 2023

The average export price for agriculture or forestry hand toolses stood at $11,229 per ton in June 2023, shrinking by -17.5% against the previous month. Over the period under review, export price indicated a notable increase from June 2022 to June 2023: its price increased at an average monthly rate of +3.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, agriculture or forestry hand tools export price increased by +48.7% against December 2022 indices. The pace of growth appeared the most rapid in March 2023 an increase of 50% month-to-month. The export price peaked at $13,618 per ton in May 2023, and then contracted rapidly in the following month.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the Netherlands ($20,444 per ton), while the average price for exports to Tanzania ($1,578 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agriculture or Forestry Hand Tools in Belgium

For the fourth consecutive year, Belgium recorded growth in overseas purchases of agriculture or forestry hand toolses, which increased by 12% to 4.9K tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.3% 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 +92.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, agriculture or forestry hand tools imports reached $37M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Top Suppliers of Agriculture or Forestry Hand Tools to Belgium in 2022:

1. China (1960.0 tons)
2. Netherlands (1627.2 tons)
3. Vietnam (505.7 tons)
4. Taiwan (Chinese) (335.0 tons)
5. Germany (224.2 tons)
6. France (80.7 tons)

Exports of Agriculture or Forestry Hand Tools in Belgium

For the fourth year in a row, Belgium recorded growth in shipments abroad of agriculture or forestry hand toolses, which increased by 4.8% to 2.4K tons in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 163% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, agriculture or forestry hand tools exports rose rapidly to $21M in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 117%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Top Export Markets for Agriculture or Forestry Hand Tools from Belgium in 2022:

1. France (902.5 tons)
2. Germany (661.9 tons)
3. Netherlands (198.9 tons)
4. Italy (147.0 tons)
5. Spain (135.5 tons)
6. Poland (124.5 tons)
7. Romania (78.7 tons)
8. Luxembourg (26.9 tons)

Source: IndexBox Market Intelligence Platform