Price for Agriculture or Forestry Hand Tools in Ireland - 2023

Contents:

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

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

In June 2023, the average import price for agriculture or forestry hand toolses amounted to $7,059 per ton, with an increase of 1.9% against the previous month. In general, the import price, however, recorded a mild decline. The pace of growth appeared the most rapid in December 2022 an increase of 46% month-to-month. As a result, import price attained the peak level of $11,514 per ton. From January 2023 to June 2023, the average import prices remained at a 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 Taiwan (Chinese) ($12,264 per ton), while the price for the UK ($4,191 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 Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for agriculture or forestry hand toolses amounted to $4,667 per ton, increasing by 8.8% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 77%. Over the period under review, the average export prices reached the maximum at $9,167 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 France ($6,978 per ton), while the average price for exports to the UK totaled $3,947 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Agriculture or Forestry Hand Tools in Ireland

In 2022, the amount of agriculture or forestry hand toolses imported into Ireland shrank remarkably to 1.6K tons, which is down by -24.1% against the previous year. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of 2.2K tons, and then declined dramatically in the following year.

In value terms, agriculture or forestry hand tools imports shrank modestly to $11M 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 +15.1% 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 +52.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports reached the peak of $11M, and then dropped slightly in the following year.

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

1. China (784.3 tons)
2. India (214.4 tons)
3. Germany (204.0 tons)
4. United Kingdom (200.1 tons)
5. Taiwan (Chinese) (52.4 tons)
6. Belgium (38.1 tons)
7. Estonia (32.2 tons)
8. Austria (14.1 tons)

Exports of Agriculture or Forestry Hand Tools in Ireland

Agriculture or forestry hand tools exports from Ireland was estimated at 173 tons in 2022, surging by 9.5% on 2021. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 41%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, agriculture or forestry hand tools exports surged to $807K in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 74%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

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

1. United Kingdom (160.3 tons)
2. France (9.4 tons)

Source: IndexBox Market Intelligence Platform