Price for Agriculture or Forestry Hand Tools in Morocco - 2022

Contents:

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

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

The average import price for agriculture or forestry hand toolses stood at $3,480 per ton in 2022, falling by -21.7% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agriculture or forestry hand tools import price increased by +47.0% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 52%. As a result, import price attained the peak level of $4,441 per ton, and then shrank rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($8,245 per ton), while the price for Tunisia ($1,438 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for agriculture or forestry hand toolses amounted to $3,650 per ton, which is down by -17.9% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 81% against the previous year. As a result, the export price attained the peak level of $11,865 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guinea ($14,621 per ton), while the average price for exports to Senegal ($2,891 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 Guinea (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Agriculture or Forestry Hand Tools in Morocco

After two years of decline, purchases abroad of agriculture or forestry hand toolses increased by 22% to 1.1K tons in 2022. Overall, imports, however, recorded a deep downturn.

In value terms, agriculture or forestry hand tools imports contracted to $4M in 2022. In general, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 5.2%.

Import of Agriculture or Forestry Hand Tools in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain1,4721,4182,0991,7165.2%
China2,1821,3669721,209-17.9%
Turkey385287188230-15.8%
Tunisia48.546.016.729.8-15.0%
Others7318388837752.0%
Total4,8183,9544,1593,961-6.3%

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

  1. China (748.9 tons)
  2. Spain (208.2 tons)
  3. Turkey (110.8 tons)
  4. Tunisia (20.7 tons)

Exports of Agriculture or Forestry Hand Tools in Morocco

In 2022, shipments abroad of agriculture or forestry hand toolses increased by 389% to 4.6 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a slight curtailment.

In value terms, agriculture or forestry hand tools exports skyrocketed to $17K in 2022. Overall, exports, however, recorded a precipitous shrinkage.

Export of Agriculture or Forestry Hand Tools in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Senegal15.81.61.011.8-9.3%
Mauritania1.10.81.02.531.5%
Guinea0.41.20.92.481.7%
BeninN/A0.6N/AN/A0%
SpainN/A22.5N/AN/A0%
GabonN/A1.8N/AN/A0%
Mali8.7N/AN/AN/A0%
Equatorial Guinea7.1N/AN/AN/A0%
Others6.21.01.30.2-68.2%
Total39.229.64.216.9-24.5%

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

  1. Senegal (4.1 tons)
  2. Mauritania (0.4 tons)
  3. Guinea (0.2 tons)

Source: IndexBox Market Intelligence Platform

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