Price for Agriculture or Forestry Hand Tools in Chile - 2023

Contents:

1. Price for Agriculture or Forestry Hand Tools in Chile (CIF) - 2023
2. Price for Agriculture or Forestry Hand Tools in Chile (FOB) - 2022
3. Imports of Agriculture or Forestry Hand Tools in Chile
4. Exports of Agriculture or Forestry Hand Tools in Chile

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

The average import price for agriculture or forestry hand toolses stood at $3,935 per ton in July 2023, increasing by 9.8% against the previous month. Overall, the import price, however, continues to indicate a slight downturn. The growth pace was the most rapid in March 2023 when the average import price increased by 31% against the previous month. The import price peaked at $6,188 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Mexico ($7,698 per ton), while the price for Taiwan (Chinese) ($3,003 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Agriculture or Forestry Hand Tools in Chile (FOB) - 2022

In 2022, the average export price for agriculture or forestry hand toolses amounted to $14,237 per ton, falling by -2.9% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agriculture or forestry hand tools export price increased by +98.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices hit record highs at $14,659 per ton in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($18,911 per ton), while the average price for exports to Peru ($9,199 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 Colombia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agriculture or Forestry Hand Tools in Chile

In 2022, approx. 5.5K tons of agriculture or forestry hand toolses were imported into Chile; shrinking by -14.1% on the previous year. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 165% against the previous year. As a result, imports reached the peak of 6.4K tons, and then fell in the following year.

In value terms, agriculture or forestry hand tools imports dropped to $18M in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 132% against the previous year. As a result, imports reached the peak of $20M, and then declined in the following year.

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

1. China (4.5K tons)
2. Mexico (0.4K tons)
3. Brazil (0.3K tons)
4. Germany (0.1K tons)

Exports of Agriculture or Forestry Hand Tools in Chile

In 2022, approx. 47 tons of agriculture or forestry hand toolses were exported from Chile; increasing by 28% against 2021 figures. Over the period under review, exports, however, faced a abrupt decrease.

In value terms, agriculture or forestry hand tools exports soared to $666K in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Peru (21.9 tons)
2. Bolivia (18.2 tons)
3. Uruguay (3.9 tons)
4. Paraguay (1.7 tons)

Source: IndexBox Market Intelligence Platform