Price for Agriculture or Forestry Hand Tools in Ecuador - 2022

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

The average import price for agriculture or forestry hand toolses stood at $3,883 per ton in January 2022, which is down by -35% against the previous month. Overall, import price indicated a slight expansion from January 2021 to January 2022: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, agriculture or forestry hand tools import price decreased by -35.0% against December 2021 indices. The most prominent rate of growth was recorded in December 2021 an increase of 47% m-o-m. As a result, import price attained the peak level of $5,973 per ton, and then reduced sharply in the following month.

There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Colombia ($5,895 per ton), while the price for Mexico ($1,961 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by India (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for agriculture or forestry hand toolses stood at $2,861 per ton in 2022, declining by -2.9% against the previous year. Over the period under review, the export price continues to indicate a mild slump. The growth pace was the most rapid in 2016 an increase of 31%. As a result, the export price reached the peak level of $4,743 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Djibouti amounted to +5,273.5% per year.

Imports of Agriculture or Forestry Hand Tools in Ecuador

In 2022, imports of agriculture or forestry hand toolses into Ecuador dropped significantly to 1.9K tons, with a decrease of -16% on 2021. In general, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of 2.3K tons, and then reduced sharply in the following year.

In value terms, agriculture or forestry hand tools imports contracted notably to $7.4M in 2022. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 65%. As a result, imports attained the peak of $9.3M, and then reduced sharply in the following year.

Import of Agriculture or Forestry Hand Tools in Ecuador (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Colombia	2.2	2.0	4.0	3.1	12.1%
China	2.4	1.7	2.8	2.2	-2.9%
Mexico	0.5	0.7	0.7	0.5	0.0%
Brazil	0.3	0.2	0.4	0.4	10.1%
India	0.5	0.3	0.2	0.3	-15.7%
Japan	0.4	0.1	0.1	0.1	-37.0%
Others	0.7	0.6	1.1	0.9	8.7%
Total	7.0	5.6	9.3	7.4	1.9%

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

Colombia (917.0 tons)
China (634.5 tons)
Mexico (145.4 tons)
Brazil (73.4 tons)
India (62.8 tons)
Japan (24.9 tons)

Exports of Agriculture or Forestry Hand Tools in Ecuador

In 2022, the amount of agriculture or forestry hand toolses exported from Ecuador dropped significantly to 63 tons, reducing by -29.6% against the year before. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 226%. As a result, the exports attained the peak of 89 tons, and then contracted notably in the following year.

In value terms, agriculture or forestry hand tools exports contracted significantly to $179K in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 171%. As a result, the exports reached the peak of $262K, and then declined notably in the following year.