Price for Agriculture or Forestry Hand Tools in Sri Lanka - 2021
Contents:
- Price for Agriculture or Forestry Hand Tools in Sri Lanka (CIF) - 2022
- Price for Agriculture or Forestry Hand Tools in Sri Lanka (FOB) - 2022
- Imports of Agriculture or Forestry Hand Tools in Sri Lanka
- Exports of Agriculture or Forestry Hand Tools in Sri Lanka
Price for Agriculture or Forestry Hand Tools in Sri Lanka (CIF) - 2022
In 2022, the average import price for agriculture or forestry hand toolses amounted to $1,461 per ton, falling by -5.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 31% against the previous year. The import price peaked at $2,410 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($3,151 per ton), while the price for China ($1,024 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Agriculture or Forestry Hand Tools in Sri Lanka (FOB) - 2022
The average export price for agriculture or forestry hand toolses stood at $3,390 per ton in 2022, falling by -59.6% against the previous year. In general, the export price, however, recorded a mild increase. The growth pace was the most rapid in 2018 an increase of 263%. As a result, the export price attained the peak level of $10,482 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($3,585 per ton), while the average price for exports to the UK amounted to $2,984 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+1,191.3%), while the prices for the other major destinations experienced a decline.
Imports of Agriculture or Forestry Hand Tools in Sri Lanka
After three years of growth, purchases abroad of agriculture or forestry hand toolses decreased by -16.9% to 2.2K tons in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.7% 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 +28.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of 2.7K tons, and then dropped significantly in the following year.
In value terms, agriculture or forestry hand tools imports declined dramatically to $3.2M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.7% 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 74% against the previous year. As a result, imports attained the peak of $4.1M, and then contracted significantly in the following year.
| Import of Agriculture or Forestry Hand Tools in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 837 | 898 | 2,214 | 1,721 | 27.2% |
| Thailand | 1,139 | 942 | 1,290 | 1,002 | -4.2% |
| India | 327 | 359 | 428 | 333 | 0.6% |
| Others | 297 | 165 | 193 | 189 | -14.0% |
| Total | 2,598 | 2,364 | 4,126 | 3,245 | 7.7% |
Top Suppliers of Agriculture or Forestry Hand Tools to Sri Lanka in 2022:
- China (1679.8 tons)
- Thailand (318.1 tons)
- India (205.9 tons)
Exports of Agriculture or Forestry Hand Tools in Sri Lanka
In 2022, overseas shipments of agriculture or forestry hand toolses were finally on the rise to reach 3.2 tons after two years of decline. Overall, exports, however, continue to indicate a abrupt curtailment.
In value terms, agriculture or forestry hand tools exports rose sharply to $11K in 2022. In general, exports, however, faced a sharp curtailment.
| Export of Agriculture or Forestry Hand Tools in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 13.8 | 4.3 | 0.5 | 5.7 | -25.5% |
| United Kingdom | 3.4 | 3.0 | 2.1 | 4.6 | 10.6% |
| Central African Republic | 0.1 | N/A | N/A | N/A | 0% |
| Oman | N/A | 1.3 | 6.4 | N/A | 392.3% |
| Canada | 18.2 | N/A | N/A | N/A | 0% |
| Others | 4.3 | 2.6 | 1.2 | 0.5 | -51.2% |
| Total | 39.8 | 11.2 | 10.2 | 10.7 | -35.5% |
Top Export Markets for Agriculture or Forestry Hand Tools from Sri Lanka in 2022:
- Maldives (1.6 tons)
- United Kingdom (1.5 tons)
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