Price for Agriculture or Forestry Hand Tools in the United Arab Emirates - 2021

Contents:

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

Price for Agriculture or Forestry Hand Tools in the United Arab Emirates (CIF) - 2022

The average import price for agriculture or forestry hand toolses stood at $3,280 per ton in 2022, dropping by -15.3% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agriculture or forestry hand tools import price increased by +57.6% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 45%. As a result, import price reached the peak level of $3,873 per ton, and then dropped markedly in the following year.

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 Japan ($9,959 per ton), while the price for Brazil totaled $1,770 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Agriculture or Forestry Hand Tools in the United Arab Emirates (FOB) - 2022

The average export price for agriculture or forestry hand toolses stood at $2,548 per ton in 2022, shrinking by -26.1% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 an increase of 71% against the previous year. As a result, the export price attained the peak level of $3,450 per ton, and then contracted dramatically in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($2,366 per ton), while the average price for exports to Georgia ($2,336 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 Iran (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agriculture or Forestry Hand Tools in the United Arab Emirates

In 2022, after three years of growth, there was decline in overseas purchases of agriculture or forestry hand toolses, when their volume decreased by -0.7% to 4K tons. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 6.2% against the previous year.

In value terms, agriculture or forestry hand tools imports fell significantly to $13M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.5% 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 +24.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of $16M, and then contracted remarkably in the following year.

Import of Agriculture or Forestry Hand Tools in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan0.20.20.26.9225.5%
Brazil0.60.60.95.9114.2%
China7.98.111.5N/A20.7%
India0.20.20.3N/A22.5%
Taiwan (Chinese)0.80.71.2N/A22.5%
Others0.80.91.60.4-20.6%
Total10.610.715.613.27.6%

Top Suppliers of Agriculture or Forestry Hand Tools to the United Arab Emirates in 2022:

  1. Brazil (3.3K tons)
  2. Japan (0.7K tons)

Exports of Agriculture or Forestry Hand Tools in the United Arab Emirates

In 2022, shipments abroad of agriculture or forestry hand toolses was finally on the rise to reach 2K tons after two years of decline. Over the period under review, exports, however, saw a dramatic contraction.

In value terms, agriculture or forestry hand tools exports rose to $5M in 2022. In general, exports, however, showed a dramatic curtailment.

Export of Agriculture or Forestry Hand Tools in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
GeorgiaN/AN/AN/A3.70%
UzbekistanN/AN/AN/A0.60%
South AfricaN/AN/AN/A0.20%
Mozambique2.82.44.3N/A23.9%
Democratic Republic of the Congo6.11.9N/AN/A-68.9%
Tanzania0.30.1N/AN/A-66.7%
Oman0.20.50.2N/A0.0%
Madagascar0.10.1N/AN/A0.0%
Others0.30.20.30.518.6%
Total9.85.14.95.0-20.1%

Top Export Markets for Agriculture or Forestry Hand Tools from the United Arab Emirates in 2022:

  1. Georgia (1601.1 tons)
  2. Uzbekistan (256.0 tons)
  3. South Africa (81.9 tons)

Source: IndexBox Market Intelligence Platform

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