Price for Agriculture or Forestry Hand Tools in Bulgaria - 2023

Contents:

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

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

The average import price for agriculture or forestry hand toolses stood at $4,641 per ton in 2022, jumping by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2017 an increase of 20% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($14,082 per ton), while the price for Turkey ($2,757 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for agriculture or forestry hand toolses amounted to $7,218 per ton, rising by 17% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 export price increased by +48.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 20%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($13,055 per ton), while the average price for exports to Hungary ($5,808 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 Switzerland (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agriculture or Forestry Hand Tools in Bulgaria

In 2022, approx. 1.4K tons of agriculture or forestry hand toolses were imported into Bulgaria; with an increase of 17% on 2021. The total import volume increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, agriculture or forestry hand tools imports skyrocketed to $6.6M in 2022. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

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

1. China (604.3 tons)
2. Germany (215.8 tons)
3. Romania (173.0 tons)
4. Poland (153.8 tons)
5. Serbia (50.0 tons)
6. Turkey (41.7 tons)
7. Netherlands (39.1 tons)
8. Russia (24.8 tons)

Exports of Agriculture or Forestry Hand Tools in Bulgaria

In 2022, shipments abroad of agriculture or forestry hand toolses decreased by -0.3% to 755 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. As a result, the exports reached the peak of 1.1K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, agriculture or forestry hand tools exports skyrocketed to $5.4M in 2022. The total export value increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 47%. As a result, the exports attained the peak of $5.8M. From 2021 to 2022, the growth of the exports failed to regain momentum.

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

1. Romania (200.8 tons)
2. Greece (169.6 tons)
3. Poland (134.0 tons)
4. Hungary (97.5 tons)
5. Slovakia (68.9 tons)
6. Croatia (26.5 tons)
7. Cyprus (13.5 tons)

Source: IndexBox Market Intelligence Platform