Price for Agriculture or Forestry Hand Tools in Greece - 2023

Contents:

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

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

In June 2023, the average import price for agriculture or forestry hand toolses amounted to $2,486 per ton, waning by -10.8% against the previous month. In general, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in November 2022 an increase of 24% month-to-month. The import price peaked at $6,635 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($7,761 per ton), while the price for China amounted to $2,325 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (-1.7%).

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

In June 2023, the average export price for agriculture or forestry hand toolses amounted to $2,767 per ton, dropping by -2.4% against the previous month. In general, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in November 2022 an increase of 54% m-o-m. Over the period under review, the average export prices attained the maximum at $4,583 per ton in July 2022; however, from August 2022 to June 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($9,349 per ton), while the average price for exports to Hungary ($1,713 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 (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Agriculture or Forestry Hand Tools in Greece

In 2022, approx. 1.4K tons of agriculture or forestry hand toolses were imported into Greece; picking up by 31% compared with 2021. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +48.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, agriculture or forestry hand tools imports skyrocketed to $9.4M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.5% 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 +58.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 34%. Imports peaked in 2022 and are likely to continue growth in years to come.

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

1. China (689.4 tons)
2. Italy (153.2 tons)
3. Taiwan (Chinese) (115.6 tons)
4. Austria (88.7 tons)
5. Germany (77.9 tons)
6. Bulgaria (57.1 tons)
7. France (49.9 tons)
8. Poland (31.2 tons)
9. Spain (29.8 tons)
10. Netherlands (27.3 tons)
11. Romania (23.4 tons)

Exports of Agriculture or Forestry Hand Tools in Greece

For the fourth consecutive year, Greece recorded growth in overseas shipments of agriculture or forestry hand toolses, which increased by 17% to 408 tons in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 113%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, agriculture or forestry hand tools exports fell to $2.2M in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 78% against the previous year. As a result, the exports attained the peak of $2.5M, and then declined in the following year.

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

1. Cyprus (81.7 tons)
2. Spain (62.4 tons)
3. Italy (59.9 tons)
4. Romania (32.9 tons)
5. Poland (29.8 tons)
6. Hungary (29.5 tons)
7. Slovakia (25.2 tons)
8. Germany (16.7 tons)
9. Albania (15.2 tons)
10. France (15.0 tons)
11. Estonia (8.5 tons)
12. Denmark (8.4 tons)
13. Portugal (6.3 tons)

Source: IndexBox Market Intelligence Platform