Price for Agriculture or Forestry Hand Tools in Belarus - 2022

Contents:

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

Price for Agriculture or Forestry Hand Tools in Belarus (CIF) - 2022

The average import price for agriculture or forestry hand toolses stood at $3,910 per ton in March 2022, picking up by 6.1% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in June 2021 when the average import price increased by 19% m-o-m. The import price peaked in March 2022.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was China ($3,811 per ton), while the price for Russia totaled $3,646 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%).

Price for Agriculture or Forestry Hand Tools in Belarus (FOB) - 2022

In March 2022, the average export price for agriculture or forestry hand toolses amounted to $2,516 per ton, shrinking by -2.8% against the previous month. In general, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in June 2021 when the average export price increased by 107% m-o-m. The export price peaked at $3,066 per ton in December 2021; however, from January 2022 to March 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In March 2022, the country with the highest price was Kazakhstan ($5,083 per ton), while the average price for exports to Russia ($2,445 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agriculture or Forestry Hand Tools in Belarus

In 2022, the amount of agriculture or forestry hand toolses imported into Belarus contracted markedly to 1.4K tons, shrinking by -24% compared with the year before. In general, imports faced a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year.

In value terms, agriculture or forestry hand tools imports contracted to $5.1M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $5.8M, and then fell in the following year.

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

1. Russia (726.6 tons)
2. China (625.9 tons)

Exports of Agriculture or Forestry Hand Tools in Belarus

In 2022, approx. 659 tons of agriculture or forestry hand toolses were exported from Belarus; reducing by -12.4% on the year before. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 10% against the previous year.

In value terms, agriculture or forestry hand tools exports declined to $1.1M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 86%. As a result, the exports attained the peak of $1.3M, and then shrank in the following year.

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

1. Russia (629.0 tons)
2. Ukraine (13.1 tons)

Source: IndexBox Market Intelligence Platform