Price for Agriculture or Forestry Hand Tools in Mexico - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in Mexico (FOB) - 2023
- Price for Agriculture or Forestry Hand Tools in Mexico (CIF) - 2023
- Exports of Agriculture or Forestry Hand Tools in Mexico
- Imports of Agriculture or Forestry Hand Tools in Mexico
Price for Agriculture or Forestry Hand Tools in Mexico (FOB) - 2023
The average export price for agriculture or forestry hand toolses stood at $134K per ton in June 2023, with an increase of 1,987% against the previous month. Over the period under review, the export price enjoyed temperate growth. Over the period under review, the average export prices hit record highs at $172K per ton in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to 0.0% per month.
Price for Agriculture or Forestry Hand Tools in Mexico (CIF) - 2023
In June 2023, the average import price for agriculture or forestry hand toolses amounted to $18,292 per ton, shrinking by -12.5% against the previous month. Overall, the import price, however, recorded a buoyant increase. The pace of growth appeared the most rapid in April 2023 an increase of 165% month-to-month. As a result, import price reached the peak level of $60,305 per ton. From May 2023 to June 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Colombia.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +0.3% per month.
Exports of Agriculture or Forestry Hand Tools in Mexico
After three years of growth, overseas shipments of agriculture or forestry hand toolses decreased by -21.9% to 6.3K tons in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 171%. As a result, the exports reached the peak of 8.1K tons, and then contracted markedly in the following year.
In value terms, agriculture or forestry hand tools exports contracted notably to $105M in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 22% against the previous year.
| Export of Agriculture or Forestry Hand Tools in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 82.7 | 101 | 120 | 90.4 | 3.0% |
| Guatemala | 2.1 | 2.4 | 4.0 | 3.0 | 12.6% |
| Honduras | 1.8 | 2.1 | 3.0 | 2.2 | 6.9% |
| Dominican Republic | 1.8 | 2.1 | 3.0 | 2.2 | 6.9% |
| Peru | 1.8 | 2.4 | 2.0 | 1.5 | -5.9% |
| Others | 6.8 | 7.6 | 7.0 | 5.8 | -5.2% |
| Total | 96.9 | 118 | 139 | 105 | 2.7% |
Top Export Markets for Agriculture or Forestry Hand Tools from Mexico in 2022:
- United States (5.4K tons)
- Guatemala (0.2K tons)
- Honduras (0.1K tons)
- Peru (0.1K tons)
- Dominican Republic (0.1K tons)
Imports of Agriculture or Forestry Hand Tools in Mexico
In 2022, imports of agriculture or forestry hand toolses into Mexico dropped remarkably to 6.2K tons, declining by -15.3% on the previous year. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.5% 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 +22.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. As a result, imports attained the peak of 7.4K tons, and then reduced markedly in the following year.
In value terms, agriculture or forestry hand tools imports reached $25M in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Agriculture or Forestry Hand Tools in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.8 | 6.2 | 10.1 | 10.8 | 16.7% |
| Colombia | 6.0 | 5.0 | 6.1 | 6.5 | 2.7% |
| Taiwan (Chinese) | 2.3 | 2.2 | 3.3 | 3.5 | 15.0% |
| United States | 1.0 | 0.9 | 1.1 | 1.2 | 6.3% |
| El Salvador | 1.3 | 0.9 | 0.9 | 1.1 | -5.4% |
| Spain | 0.3 | 0.7 | 0.4 | 0.5 | 18.6% |
| India | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Others | 1.3 | 1.5 | 1.1 | 1.5 | 4.9% |
| Total | 19.2 | 17.6 | 23.5 | 25.4 | 9.8% |
Top Suppliers of Agriculture or Forestry Hand Tools to Mexico in 2022:
- China (3122.9 tons)
- Colombia (1643.6 tons)
- Taiwan (Chinese) (400.6 tons)
- United States (274.5 tons)
- El Salvador (259.5 tons)
- India (168.0 tons)
- Spain (120.7 tons)
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