Price for Agriculture or Forestry Hand Tools in China - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in China (FOB) - 2023
- Price for Agriculture or Forestry Hand Tools in China (CIF) - 2022
- Exports of Agriculture or Forestry Hand Tools in China
- Imports of Agriculture or Forestry Hand Tools in China
Price for Agriculture or Forestry Hand Tools in China (FOB) - 2023
In June 2023, the average export price for agriculture or forestry hand toolses amounted to $2,873 per ton, reducing by -4% against the previous month. In general, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 30% against the previous month. As a result, the export price reached the peak level of $5,595 per ton. From April 2023 to June 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($5,544 per ton), while the average price for exports to Mozambique ($1,366 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 Poland (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Agriculture or Forestry Hand Tools in China (CIF) - 2022
In 2022, the average import price for agriculture or forestry hand toolses amounted to $10,950 per ton, growing by 14% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 import price increased by +87.1% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($40,427 per ton), while the price for Vietnam ($3,268 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Agriculture or Forestry Hand Tools in China
For the fourth consecutive year, China recorded growth in shipments abroad of agriculture or forestry hand toolses, which increased by 17% to 386K tons in 2022. The total export volume increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, agriculture or forestry hand tools exports amounted to $1.3B in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Agriculture or Forestry Hand Tools in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 126 | 143 | 212 | 210 | 18.6% |
| Germany | 27.1 | 26.2 | 43.3 | 45.7 | 19.0% |
| Japan | 27.6 | 34.0 | 38.8 | 41.1 | 14.2% |
| Tanzania | 24.0 | 31.8 | 31.5 | 40.8 | 19.3% |
| United Kingdom | 28.7 | 30.9 | 57.0 | 39.1 | 10.9% |
| Netherlands | 20.8 | 18.8 | 31.8 | 37.4 | 21.6% |
| Ghana | 9.0 | 19.3 | 19.2 | 35.7 | 58.3% |
| Russia | 20.5 | 20.7 | 31.2 | 35.4 | 20.0% |
| Australia | 19.2 | 23.5 | 28.1 | 33.5 | 20.4% |
| Canada | 16.2 | 20.2 | 38.5 | 30.6 | 23.6% |
| Kenya | 24.5 | 31.1 | 26.0 | 28.1 | 4.7% |
| Nigeria | 12.7 | 12.6 | 17.5 | 20.6 | 17.5% |
| Mozambique | 10.4 | 13.7 | 14.8 | 20.4 | 25.2% |
| Others | 344 | 408 | 549 | 680 | 25.5% |
| Total | 711 | 834 | 1,138 | 1,298 | 22.2% |
Top Export Markets for Agriculture or Forestry Hand Tools from China in 2022:
- United States (52.6K tons)
- Tanzania (20.5K tons)
- Russia (16.3K tons)
- Kenya (14.0K tons)
- Germany (12.0K tons)
- Nigeria (10.7K tons)
- Netherlands (10.1K tons)
- Ghana (9.4K tons)
- Australia (9.3K tons)
- Japan (9.3K tons)
- United Kingdom (9.0K tons)
- Canada (8.0K tons)
- Mozambique (8.0K tons)
Imports of Agriculture or Forestry Hand Tools in China
For the third year in a row, China recorded decline in supplies from abroad of agriculture or forestry hand toolses, which decreased by -29.2% to 576 tons in 2022. In general, imports recorded a abrupt decline. The smallest decline of -6.7% was in 2021.
In value terms, agriculture or forestry hand tools imports contracted notably to $6.3M in 2022. Over the period under review, imports recorded a deep downturn. The smallest decline of -2% was in 2020.
| Import of Agriculture or Forestry Hand Tools in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3.0 | 3.1 | 2.4 | 2.2 | -9.8% |
| Japan | 3.5 | 2.8 | 2.9 | 2.2 | -14.3% |
| Germany | 0.5 | 0.6 | 0.7 | 0.5 | 0.0% |
| Thailand | N/A | 0.1 | 0.5 | 0.3 | 73.2% |
| Vietnam | 0.2 | N/A | 0.2 | 0.1 | -20.6% |
| United Arab Emirates | 0.2 | 0.3 | 0.6 | N/A | 73.2% |
| Others | 0.8 | 1.2 | 0.6 | 0.9 | 4.0% |
| Total | 8.2 | 8.1 | 7.8 | 6.3 | -8.4% |
Top Suppliers of Agriculture or Forestry Hand Tools to China in 2022:
- Taiwan (Chinese) (393.3 tons)
- Japan (87.4 tons)
- Vietnam (37.1 tons)
- Germany (13.1 tons)
- Thailand (10.0 tons)
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