Price for Agriculture or Forestry Hand Tools in Croatia - 2023

Contents:

1. Price for Agriculture or Forestry Hand Tools in Croatia (CIF) - 2023
2. Price for Agriculture or Forestry Hand Tools in Croatia (FOB) - 2022
3. Imports of Agriculture or Forestry Hand Tools in Croatia
4. Exports of Agriculture or Forestry Hand Tools in Croatia

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

In June 2023, the average import price for agriculture or forestry hand toolses amounted to $7,839 per ton, growing by 3.3% against the previous month. Over the period under review, import price indicated pronounced growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, agriculture or forestry hand tools import price decreased by -20.4% against March 2023 indices. The pace of growth appeared the most rapid in August 2022 an increase of 122% against the previous month. Over the period under review, average import prices hit record highs at $9,853 per ton in March 2023; however, from April 2023 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($23,075 per ton), while the price for Hungary ($3,363 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for agriculture or forestry hand toolses amounted to $6,017 per ton, waning by -14.1% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 90%. As a result, the export price attained the peak level of $10,649 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($17,910 per ton), while the average price for exports to North Macedonia ($3,685 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 Germany (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agriculture or Forestry Hand Tools in Croatia

In 2022, the amount of agriculture or forestry hand toolses imported into Croatia declined slightly to 777 tons, which is down by -4.1% against the year before. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 5.7%. As a result, imports reached the peak of 810 tons, and then shrank slightly in the following year.

In value terms, agriculture or forestry hand tools imports reduced modestly to $5M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports reached the peak of $5.1M, and then fell slightly in the following year.

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

1. China (216.3 tons)
2. Germany (188.3 tons)
3. Slovenia (74.7 tons)
4. Taiwan (Chinese) (46.0 tons)
5. Slovakia (42.1 tons)
6. Bosnia and Herzegovina (38.2 tons)
7. Italy (33.3 tons)
8. Austria (28.2 tons)
9. Netherlands (22.4 tons)
10. Poland (22.2 tons)
11. Serbia (16.1 tons)
12. Hungary (14.3 tons)

Exports of Agriculture or Forestry Hand Tools in Croatia

In 2022, agriculture or forestry hand tools exports from Croatia soared to 55 tons, with an increase of 18% on 2021. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.9% 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 +57.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 34%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, agriculture or forestry hand tools exports reached $333K in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Slovenia (22.8 tons)
2. North Macedonia (10.1 tons)
3. Lithuania (9.5 tons)
4. Bosnia and Herzegovina (8.3 tons)
5. Serbia (1.9 tons)

Source: IndexBox Market Intelligence Platform