Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Portugal - 2023

Contents:

1. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Portugal (CIF) - 2022
2. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Portugal (FOB) - 2022
3. Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Portugal
4. Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Portugal

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Portugal (CIF) - 2022

The average import price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses stood at $366 per unit in 2022, growing by 26% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses increased by +74.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 26%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

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 Italy ($2,320 per unit), while the price for Germany ($152 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Portugal (FOB) - 2022

In 2022, the average export price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses amounted to $445 per unit, jumping by 26% against the previous year. In general, the export price, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 36% against the previous year. The export price peaked at $549 per unit in 2013; however, from 2014 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 Italy ($584 per unit), while the average price for exports to Estonia ($277 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Portugal

After three years of growth, overseas purchases of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses decreased by -30.6% to 19K units in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 28% against the previous year. Imports peaked at 28K units in 2021, and then dropped dramatically in the following year.

In value terms, imports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses declined to $7.1M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.8% 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 +71.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $8.1M, and then fell in the following year.

Top Suppliers of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes to Portugal in 2022:

1. China (7.5K units)
2. Germany (4.5K units)
3. Spain (3.9K units)
4. Netherlands (2.1K units)
5. Italy (0.4K units)

Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Portugal

Exports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses from Portugal contracted sharply to 9.4K units in 2022, with a decrease of -24.8% on the previous year's figure. In general, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, the exports reached the peak of 12K units, and then fell sharply in the following year.

In value terms, exports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses fell to $4.2M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56%. As a result, the exports attained the peak of $4.4M, and then declined in the following year.

Top Export Markets for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes from Portugal in 2022:

1. France (5.7K units)
2. Spain (1.8K units)
3. Germany (0.6K units)
4. Estonia (0.5K units)
5. Italy (0.1K units)

Source: IndexBox Market Intelligence Platform