Price for Agriculture or Forestry Hand Tools in Finland - 2023

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

The average export price for agriculture or forestry hand toolses stood at $11,367 per ton in 2022, rising by 3.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 8.3% against the previous year. The export price peaked at $13,399 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($22,432 per ton), while the average price for exports to Poland ($4,702 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 (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In June 2023, the average import price for agriculture or forestry hand toolses amounted to $8,458 per ton, shrinking by -10.6% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 25% against the previous month. Over the period under review, average import prices hit record highs at $9,463 per ton in May 2023, and then fell in the following month.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Sweden ($18,731 per ton), while the price for China ($3,612 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 the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Agriculture or Forestry Hand Tools in Finland

After three years of growth, overseas shipments of agriculture or forestry hand toolses decreased by -31.9% to 2.1K tons in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 54%.

In value terms, agriculture or forestry hand tools exports dropped remarkably to $24M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 47% against the previous year.

Export of Agriculture or Forestry Hand Tools in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	5.6	8.3	11.5	8.2	13.6%
Sweden	0.5	3.8	4.9	3.9	98.3%
Lithuania	2.1	2.5	3.0	2.6	7.4%
Estonia	1.7	1.6	2.4	2.3	10.6%
Latvia	1.3	1.5	1.1	1.7	9.4%
Canada	0.9	1.7	2.6	1.5	18.6%
Russia	3.6	4.4	6.4	1.4	-27.0%
Netherlands	1.0	1.0	0.8	1.2	6.3%
Australia	0.5	0.5	1.1	0.8	17.0%
Norway	0.3	0.4	0.6	0.4	10.1%
Poland	0.2	0.1	0.3	0.1	-20.6%
Others	0.1	0.1	0.2	0.2	26.0%
Total	17.6	25.8	34.8	24.4	11.5%

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

United States (805.0 tons)
Sweden (459.8 tons)
Canada (157.5 tons)
Lithuania (146.1 tons)
Estonia (138.8 tons)
Latvia (103.2 tons)
Russia (89.0 tons)
Australia (84.3 tons)
Netherlands (80.4 tons)
Norway (38.6 tons)
Poland (27.9 tons)

Imports of Agriculture or Forestry Hand Tools in Finland

In 2022, after three years of growth, there was significant decline in supplies from abroad of agriculture or forestry hand toolses, when their volume decreased by -24.5% to 2K tons. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 2.7K tons, and then fell dramatically in the following year.

In value terms, agriculture or forestry hand tools imports contracted significantly to $15M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. As a result, imports attained the peak of $19M, and then shrank significantly in the following year.

Import of Agriculture or Forestry Hand Tools in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	5.3	6.3	8.1	6.2	5.4%
Netherlands	0.1	2.6	3.6	2.6	196.2%
Sweden	1.0	1.8	2.6	2.4	33.9%
China	2.6	1.2	2.6	2.1	-6.9%
Denmark	0.3	0.4	1.0	0.6	26.0%
Germany	0.6	0.7	0.5	0.4	-12.6%
Taiwan (Chinese)	1.3	0.3	0.2	0.3	-38.7%
Others	0.9	0.4	0.6	0.5	-17.8%
Total	11.9	13.6	19.2	15.1	8.3%