Price for Agriculture or Forestry Hand Tools in Australia - 2023

Contents:

1. Price for Agriculture or Forestry Hand Tools in Australia (CIF) - 2023
2. Price for Agriculture or Forestry Hand Tools in Australia (FOB) - 2023
3. Imports of Agriculture or Forestry Hand Tools in Australia
4. Exports of Agriculture or Forestry Hand Tools in Australia

Price for Agriculture or Forestry Hand Tools in Australia (CIF) - 2023

The average import price for agriculture or forestry hand toolses stood at $7,497 per ton in July 2023, rising by 10% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 434% m-o-m. As a result, import price reached the peak level of $42,589 per ton. From January 2023 to July 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($15,065 per ton), while the price for Mexico ($5,333 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Agriculture or Forestry Hand Tools in Australia (FOB) - 2023

The average export price for agriculture or forestry hand toolses stood at $8,146 per ton in July 2023, picking up by 31% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 48% m-o-m. The export price peaked at $8,788 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($11,419 per ton), while the average price for exports to Papua New Guinea ($5,757 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 the United States (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agriculture or Forestry Hand Tools in Australia

In 2022, the amount of agriculture or forestry hand toolses imported into Australia reached 7.4K tons, picking up by 3.6% on the previous year. The total import volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, agriculture or forestry hand tools imports expanded remarkably to $52M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.3% 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 +74.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Agriculture or Forestry Hand Tools to Australia in 2022:

1. China (5354.0 tons)
2. Taiwan (Chinese) (289.9 tons)
3. India (256.2 tons)
4. Poland (252.0 tons)
5. Finland (185.8 tons)
6. Vietnam (179.7 tons)
7. United States (174.8 tons)
8. Germany (148.7 tons)

Exports of Agriculture or Forestry Hand Tools in Australia

After three years of growth, overseas shipments of agriculture or forestry hand toolses decreased by -30.9% to 360 tons in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 110%. As a result, the exports reached the peak of 521 tons, and then contracted notably in the following year.

In value terms, agriculture or forestry hand tools exports fell remarkably to $3M in 2022. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 124%. As a result, the exports reached the peak of $4.5M, and then fell markedly in the following year.

Top Export Markets for Agriculture or Forestry Hand Tools from Australia in 2022:

1. New Zealand (179.1 tons)
2. Pakistan (64.0 tons)
3. United States (50.1 tons)
4. Thailand (11.4 tons)
5. Canada (11.3 tons)
6. Malaysia (10.6 tons)
7. Fiji (9.8 tons)

Source: IndexBox Market Intelligence Platform