Price for Agriculture or Forestry Hand Tools in Hong Kong SAR - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in Hong Kong SAR (CIF) - 2023
- Price for Agriculture or Forestry Hand Tools in Hong Kong SAR (FOB) - 2022
- Imports of Agriculture or Forestry Hand Tools in Hong Kong SAR
- Exports of Agriculture or Forestry Hand Tools in Hong Kong SAR
Price for Agriculture or Forestry Hand Tools in Hong Kong SAR (CIF) - 2023
In June 2023, the average import price for agriculture or forestry hand toolses amounted to $11,123 per ton, jumping by 70% against the previous month. Over the period under review, import price indicated a resilient expansion from June 2022 to June 2023: its price increased at an average monthly rate of +5.4% 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 increased by +69.8% against May 2023 indices. Over the period under review, average import prices hit record highs at $12,891 per ton in October 2022; however, from November 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($16,096 per ton), while the price for China ($5,908 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 Japan (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Agriculture or Forestry Hand Tools in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for agriculture or forestry hand toolses amounted to $9,902 per ton, dropping by -19.9% against the previous year. In general, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2017 an increase of 37% against the previous year. The export price peaked at $12,615 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($22,633 per ton), while the average price for exports to the Netherlands ($4,999 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 the Philippines (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agriculture or Forestry Hand Tools in Hong Kong SAR
In 2022, approx. 104 tons of agriculture or forestry hand toolses were imported into Hong Kong SAR; declining by -33% compared with 2021. Over the period under review, imports continue to indicate a significant decrease. The smallest decline of -8.6% was in 2021.
In value terms, agriculture or forestry hand tools imports fell dramatically to $845K in 2022. In general, imports showed a dramatic descent. The smallest decline of -18.2% was in 2021.
| Import of Agriculture or Forestry Hand Tools in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 5,501 | 920 | 162 | 567 | -53.1% |
| Japan | 265 | 156 | 455 | 119 | -23.4% |
| China | 325 | 186 | 281 | 73.7 | -39.0% |
| Germany | 60.9 | 57.5 | 108 | 28.3 | -22.5% |
| Taiwan (Chinese) | 60.8 | 79.5 | 92.8 | 24.3 | -26.3% |
| United States | 90.0 | 36.9 | 55.0 | 15.7 | -44.1% |
| Others | 36.2 | 49.0 | 61.0 | 16.9 | -22.4% |
| Total | 6,338 | 1,484 | 1,214 | 845 | -48.9% |
Top Suppliers of Agriculture or Forestry Hand Tools to Hong Kong SAR in 2022:
- Vietnam (64.5 tons)
- China (15.5 tons)
- Japan (11.9 tons)
- Germany (4.9 tons)
- Taiwan (Chinese) (3.0 tons)
- United States (2.8 tons)
Exports of Agriculture or Forestry Hand Tools in Hong Kong SAR
In 2022, the amount of agriculture or forestry hand toolses exported from Hong Kong SAR soared to 62 tons, jumping by 69% compared with 2021 figures. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.7% against 2020 indices.
In value terms, agriculture or forestry hand tools exports surged to $616K in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 decreased by -8.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 73% against the previous year. As a result, the exports reached the peak of $670K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Agriculture or Forestry Hand Tools in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 57.6 | 226 | 190 | 239 | 60.7% |
| United States | 177 | 181 | 142 | 206 | 5.2% |
| France | 52.7 | 17.2 | 29.7 | 41.1 | -8.0% |
| United Kingdom | 11.3 | 17.0 | 18.6 | 23.4 | 27.5% |
| Netherlands | 0.7 | 3.3 | 14.5 | 18.1 | 195.7% |
| Japan | 19.5 | 8.9 | 12.9 | 17.1 | -4.3% |
| Australia | 4.9 | 2.4 | 11.3 | 14.1 | 42.2% |
| Philippines | 16.4 | 12.3 | 0.4 | 12.0 | -9.9% |
| Canada | 3.3 | 5.0 | 6.4 | 8.0 | 34.3% |
| Italy | 9.3 | 0.9 | 6.0 | 7.5 | -6.9% |
| Vietnam | N/A | 152 | N/A | N/A | 0% |
| Others | 33.8 | 44.0 | 21.8 | 29.5 | -4.4% |
| Total | 386 | 670 | 454 | 616 | 16.9% |
Top Export Markets for Agriculture or Forestry Hand Tools from Hong Kong SAR in 2022:
- United States (28.3 tons)
- China (13.3 tons)
- Netherlands (3.6 tons)
- United Kingdom (2.8 tons)
- Japan (2.8 tons)
- Australia (2.6 tons)
- France (1.8 tons)
- Philippines (1.5 tons)
- Canada (1.3 tons)
- Italy (0.9 tons)
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