Price for Agriculture or Forestry Hand Tools in Malaysia - 2021

Contents:

1. Price for Agriculture or Forestry Hand Tools in Malaysia (CIF) - 2022
2. Price for Agriculture or Forestry Hand Tools in Malaysia (FOB) - 2021
3. Imports of Agriculture or Forestry Hand Tools in Malaysia
4. Exports of Agriculture or Forestry Hand Tools in Malaysia

Price for Agriculture or Forestry Hand Tools in Malaysia (CIF) - 2022

In 2022, the average import price for agriculture or forestry hand toolses amounted to $2,112 per ton, waning by -2.7% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +10.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 20% against the previous year. The import price peaked at $2,491 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($7,322 per ton), while the price for Vietnam ($736 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Agriculture or Forestry Hand Tools in Malaysia (FOB) - 2021

In December 2021, the average export price for agriculture or forestry hand toolses amounted to $4,625 per ton, waning by -15.3% against the previous month. In general, the export price showed a slight reduction. The most prominent rate of growth was recorded in February 2021 an increase of 19% m-o-m. The export price peaked at $6,640 per ton in October 2021; however, from November 2021 to December 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was Guatemala ($16,876 per ton), while the average price for exports to Papua New Guinea ($3,282 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Agriculture or Forestry Hand Tools in Malaysia

Agriculture or forestry hand tools imports into Malaysia fell dramatically to 4K tons in 2022, reducing by -21.4% against the previous year. Overall, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +4.1% 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 +37.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 75%. As a result, imports reached the peak of 5K tons, and then fell markedly in the following year.

In value terms, agriculture or forestry hand tools imports fell sharply to $8.4M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.6% 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 +44.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. As a result, imports reached the peak of $11M, and then fell sharply in the following year.

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

1. China (3324.1 tons)
2. Brazil (224.2 tons)
3. Thailand (180.6 tons)
4. Taiwan (Chinese) (91.5 tons)
5. Vietnam (80.9 tons)

Exports of Agriculture or Forestry Hand Tools in Malaysia

In 2022, after three years of growth, there was significant decline in overseas shipments of agriculture or forestry hand toolses, when their volume decreased by -7.7% to 1.1K tons. The total export volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of 1.2K tons, and then dropped in the following year.

In value terms, agriculture or forestry hand tools exports reduced to $5.7M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.8% 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 +36.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of $6.4M, and then reduced in the following year.

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

1. Papua New Guinea (404.2 tons)
2. Indonesia (364.2 tons)
3. Thailand (63.6 tons)
4. Colombia (41.1 tons)
5. Panama (39.1 tons)
6. Cote d'Ivoire (29.7 tons)
7. Congo (17.8 tons)

Source: IndexBox Market Intelligence Platform