Price for Agriculture or Forestry Hand Tools in Myanmar - 2022

Contents:

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

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

In December 2022, the average import price for agriculture or forestry hand toolses amounted to $834 per ton, increasing by 16% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in February 2022 an increase of 32% month-to-month. Over the period under review, average import prices attained the maximum in December 2022.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($834 per ton), while the price for Thailand amounted to $501 per ton.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.5%).

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

In 2022, the average export price for agriculture or forestry hand toolses amounted to $6,568 per ton, surging by 8.2% against the previous year. Overall, the export price showed a prominent expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 104% against the previous year. As a result, the export price attained the peak level of $8,062 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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 Singapore ($10,805 per ton), while the average price for exports to Thailand totaled $1,268 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Agriculture or Forestry Hand Tools in Myanmar

After three years of growth, purchases abroad of agriculture or forestry hand toolses decreased by -16.6% to 1.7K tons in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 61%.

In value terms, agriculture or forestry hand tools imports shrank significantly to $5.6M in 2022. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 171%. As a result, imports reached the peak of $8.1M, and then fell rapidly in the following year.

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

1. China (1649.2 tons)
2. Thailand (33.5 tons)

Exports of Agriculture or Forestry Hand Tools in Myanmar

In 2022, approx. 273 kg of agriculture or forestry hand toolses were exported from Myanmar; waning by -8.4% on the year before. Overall, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 when exports increased by 23%.

In value terms, agriculture or forestry hand tools exports declined to $1.8K in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 1.7% against the previous year. As a result, the exports reached the peak of $1.8K, leveling off in the following year.

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

1. Singapore (152.0 kg)
2. Thailand (121.0 kg)

Source: IndexBox Market Intelligence Platform