Price for Agriculture or Forestry Hand Tools in South Africa - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in South Africa (CIF) - 2022
- Price for Agriculture or Forestry Hand Tools in South Africa (FOB) - 2023
- Imports of Agriculture or Forestry Hand Tools in South Africa
- Exports of Agriculture or Forestry Hand Tools in South Africa
Price for Agriculture or Forestry Hand Tools in South Africa (CIF) - 2022
In 2022, the average import price for agriculture or forestry hand toolses amounted to $2,826 per ton, rising by 33% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $2,852 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($11,888 per ton), while the price for India ($1,262 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) (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Agriculture or Forestry Hand Tools in South Africa (FOB) - 2023
The average export price for agriculture or forestry hand toolses stood at $4,317 per ton in July 2023, rising by 5% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 42% month-to-month. As a result, the export price attained the peak level of $5,842 per ton. From May 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Zimbabwe ($9,356 per ton), while the average price for exports to Mozambique ($2,724 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agriculture or Forestry Hand Tools in South Africa
In 2022, the amount of agriculture or forestry hand toolses imported into South Africa dropped rapidly to 2.9K tons, waning by -39% against 2021. Over the period under review, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. As a result, imports attained the peak of 4.8K tons, and then declined dramatically in the following year.
In value terms, agriculture or forestry hand tools imports fell significantly to $8.2M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of $10M, and then reduced markedly in the following year.
| Import of Agriculture or Forestry Hand Tools in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 3.5 | 5.2 | 4.9 | 5.3% |
| Taiwan (Chinese) | 0.9 | 0.7 | 1.2 | 1.0 | 3.6% |
| India | 0.6 | 0.8 | 1.4 | 0.6 | 0.0% |
| Brazil | 0.1 | 0.2 | 0.5 | 0.2 | 26.0% |
| Others | 1.9 | 1.8 | 1.9 | 1.5 | -7.6% |
| Total | 7.7 | 7.1 | 10.1 | 8.2 | 2.1% |
Top Suppliers of Agriculture or Forestry Hand Tools to South Africa in 2022:
- China (2168.6 tons)
- India (490.2 tons)
- Taiwan (Chinese) (83.6 tons)
- Brazil (44.6 tons)
Exports of Agriculture or Forestry Hand Tools in South Africa
In 2022, the amount of agriculture or forestry hand toolses exported from South Africa skyrocketed to 2.4K tons, increasing by 17% against the previous year. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. 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 skyrocketed to $13M in 2022. In general, exports saw a significant expansion. 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 South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 44.9 | 55.2 | 112 | 7,072 | 440.0% |
| Namibia | 1,324 | 1,836 | 1,906 | 1,536 | 5.1% |
| Botswana | 1,092 | 1,005 | 1,185 | 928 | -5.3% |
| Swaziland | 1,051 | 872 | 1,096 | 864 | -6.3% |
| Mozambique | 822 | 492 | 720 | 680 | -6.1% |
| Zambia | 521 | 432 | 440 | 541 | 1.3% |
| Lesotho | 585 | 406 | 430 | 422 | -10.3% |
| Malawi | 475 | 208 | 274 | 316 | -12.7% |
| Zimbabwe | 183 | 211 | 477 | 265 | 13.1% |
| Others | 879 | 516 | 804 | 545 | -14.7% |
| Total | 6,977 | 6,033 | 7,443 | 13,170 | 23.6% |
Top Export Markets for Agriculture or Forestry Hand Tools from South Africa in 2022:
- United States (801.3 tons)
- Namibia (426.6 tons)
- Swaziland (231.2 tons)
- Botswana (208.1 tons)
- Mozambique (197.6 tons)
- Lesotho (151.1 tons)
- Zambia (106.3 tons)
- Malawi (76.3 tons)
- Zimbabwe (65.7 tons)
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