Price for Agriculture or Forestry Hand Tools in Norway - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in Norway (CIF) - 2023
- Price for Agriculture or Forestry Hand Tools in Norway (FOB) - 2022
- Imports of Agriculture or Forestry Hand Tools in Norway
- Exports of Agriculture or Forestry Hand Tools in Norway
Price for Agriculture or Forestry Hand Tools in Norway (CIF) - 2023
The average import price for agriculture or forestry hand toolses stood at $9,352 per ton in August 2023, falling by -18% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 12% against the previous month. The import price peaked at $11,412 per ton in July 2023, and then dropped dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Taiwan (Chinese) ($22,075 per ton), while the price for China ($6,689 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sweden (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Agriculture or Forestry Hand Tools in Norway (FOB) - 2022
In 2022, the average export price for agriculture or forestry hand toolses amounted to $9,241 per ton, dropping by -11.4% against the previous year. Over the period under review, the export price showed a mild reduction. The pace of growth appeared the most rapid in 2017 an increase of 27%. Over the period under review, the average export prices hit record highs at $14,063 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($18,597 per ton), while the average price for exports to Denmark ($6,322 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agriculture or Forestry Hand Tools in Norway
In 2022, approx. 1.5K tons of agriculture or forestry hand toolses were imported into Norway; surging by 7.8% on the previous year. The total import volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, agriculture or forestry hand tools imports expanded remarkably to $15M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Agriculture or Forestry Hand Tools in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 2.8 | 3.6 | 3.8 | 9.4% |
| Poland | 2.1 | 2.1 | 2.8 | 2.9 | 11.4% |
| Sweden | 1.6 | 1.3 | 1.7 | 1.8 | 4.0% |
| Finland | 0.6 | 0.8 | 1.4 | 1.5 | 35.7% |
| Taiwan (Chinese) | 1.1 | 0.9 | 1.1 | 1.2 | 2.9% |
| Germany | 0.6 | 0.8 | 1.1 | 1.2 | 26.0% |
| Slovenia | 0.2 | 0.2 | 0.4 | 0.4 | 26.0% |
| United States | 0.4 | 0.4 | 0.2 | 0.3 | -9.1% |
| Others | 0.7 | 1.1 | 1.6 | 1.6 | 31.7% |
| Total | 10.2 | 10.4 | 13.9 | 14.6 | 12.7% |
Top Suppliers of Agriculture or Forestry Hand Tools to Norway in 2022:
- China (533.6 tons)
- Poland (447.3 tons)
- Finland (164.1 tons)
- Sweden (110.4 tons)
- Taiwan (Chinese) (79.4 tons)
- Germany (39.1 tons)
- Slovenia (38.9 tons)
- United States (27.0 tons)
Exports of Agriculture or Forestry Hand Tools in Norway
In 2022, the amount of agriculture or forestry hand toolses exported from Norway surged to 364 tons, growing by 259% against the previous year's figure. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, agriculture or forestry hand tools exports surged to $3.4M in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Agriculture or Forestry Hand Tools in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 220 | 606 | 714 | 2,266 | 117.6% |
| Iceland | 98.5 | 121 | 113 | 359 | 53.9% |
| Denmark | 75.3 | 53.3 | 79.7 | 253 | 49.8% |
| Finland | 95.6 | 75.7 | 28.5 | 209 | 29.8% |
| Netherlands | 8.7 | 7.2 | 16.0 | 50.7 | 80.0% |
| Others | 61.8 | 74.2 | 105 | 224 | 53.6% |
| Total | 560 | 938 | 1,056 | 3,362 | 81.7% |
Top Export Markets for Agriculture or Forestry Hand Tools from Norway in 2022:
- Sweden (241.8 tons)
- Denmark (40.0 tons)
- Finland (31.4 tons)
- Iceland (30.8 tons)
- Netherlands (7.3 tons)
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