Price for Agriculture or Forestry Hand Tools in Azerbaijan - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in Azerbaijan (CIF) - 2023
- Price for Agriculture or Forestry Hand Tools in Azerbaijan (FOB) - 2022
- Imports of Agriculture or Forestry Hand Tools in Azerbaijan
- Exports of Agriculture or Forestry Hand Tools in Azerbaijan
Price for Agriculture or Forestry Hand Tools in Azerbaijan (CIF) - 2023
The average import price for agriculture or forestry hand toolses stood at $1,624 per ton in June 2023, growing by 1.7% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 54% m-o-m. The import price peaked at $2,453 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($2,969 per ton), while the price for Russia ($1,339 per ton) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced a decline.
Price for Agriculture or Forestry Hand Tools in Azerbaijan (FOB) - 2022
The average export price for agriculture or forestry hand toolses stood at $8,370 per ton in 2022, flattening at the previous year. Overall, the export price, however, enjoyed resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by 240%. As a result, the export price reached the peak level of $15,352 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($27,465 per ton), while the average price for exports to the UK ($939 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 Georgia (+20.9%), while the prices for the other major destinations experienced a decline.
Imports of Agriculture or Forestry Hand Tools in Azerbaijan
In 2022, purchases abroad of agriculture or forestry hand toolses decreased by -1.7% to 953 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, imports attained the peak of 1.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, agriculture or forestry hand tools imports contracted sharply to $1.6M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 21% against the previous year.
| Import of Agriculture or Forestry Hand Tools in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 893 | 1,138 | 893 | 791 | -4.0% |
| Russia | 350 | 378 | 648 | 570 | 17.7% |
| Turkey | 97.1 | 105 | 104 | 65.9 | -12.1% |
| Others | 95.8 | 119 | 437 | 222 | 32.3% |
| Total | 1,436 | 1,740 | 2,082 | 1,648 | 4.7% |
Top Suppliers of Agriculture or Forestry Hand Tools to Azerbaijan in 2022:
- China (718.3 tons)
- Russia (192.0 tons)
- Turkey (30.1 tons)
Exports of Agriculture or Forestry Hand Tools in Azerbaijan
In 2022, the amount of agriculture or forestry hand toolses exported from Azerbaijan soared to 135 kg, growing by 73% on the year before. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 surged to $1.1K in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 281%. As a result, the exports attained the peak of $1.6K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Agriculture or Forestry Hand Tools in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 267 | 239 | 406 | 970 | 53.7% |
| Russia | 45.0 | 48.0 | 47.0 | 107 | 33.5% |
| United Kingdom | 38.0 | 36.0 | 35.0 | 53.0 | 11.7% |
| Others | 71.0 | 1,281 | 169 | N/A | 54.3% |
| Total | 421 | 1,604 | 657 | 1,130 | 39.0% |
Top Export Markets for Agriculture or Forestry Hand Tools from Azerbaijan in 2022:
- United Kingdom (56.0 kg)
- Russia (43.0 kg)
- Georgia (35.0 kg)
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