Price for Agriculture or Forestry Hand Tools in New Zealand - 2023

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

In July 2023, the average import price for agriculture or forestry hand toolses amounted to $6,397 per ton, reducing by -18.9% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 25% m-o-m. Over the period under review, average import prices hit record highs at $8,017 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($11,572 per ton), while the price for Mexico ($4,871 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Agriculture or Forestry Hand Tools in New Zealand (FOB) - 2023

The average export price for agriculture or forestry hand toolses stood at $8,618 per ton in July 2023, falling by -5.6% against the previous month. In general, the export price recorded a slight descent. The growth pace was the most rapid in May 2023 an increase of 50% m-o-m. As a result, the export price attained the peak level of $12,793 per ton. From June 2023 to July 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($9,142 per ton), while the average price for exports to Australia ($5,458 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Agriculture or Forestry Hand Tools in New Zealand

Agriculture or forestry hand tools imports into New Zealand shrank dramatically to 1.7K tons in 2022, which is down by -18% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports reached the peak of 2K tons, and then dropped sharply in the following year.

In value terms, agriculture or forestry hand tools imports contracted to $12M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.6% 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 +38.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of $13M, and then fell in the following year.

Import of Agriculture or Forestry Hand Tools in New Zealand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	5.1	4.6	8.1	7.3	12.7%
Germany	0.7	0.7	1.0	1.1	16.3%
Taiwan (Chinese)	0.7	0.7	1.0	0.8	4.6%
France	0.4	0.4	0.5	0.4	0.0%
Finland	0.2	0.4	0.5	0.3	14.5%
India	N/A	0.2	0.2	0.3	22.5%
United States	0.4	0.2	0.2	0.3	-9.1%
Japan	0.2	0.2	0.3	0.3	14.5%
Others	1.2	1.3	1.2	1.2	0.0%
Total	8.9	8.7	13.0	12.0	10.5%

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

China (1123.4 tons)
Germany (98.5 tons)
Taiwan (Chinese) (73.6 tons)
India (59.1 tons)
United States (46.0 tons)
Finland (36.4 tons)
Japan (31.5 tons)
France (26.9 tons)

Exports of Agriculture or Forestry Hand Tools in New Zealand

After three years of growth, overseas shipments of agriculture or forestry hand toolses decreased by -32.8% to 146 tons in 2022. Overall, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 80%.

In value terms, agriculture or forestry hand tools exports fell significantly to $1.4M in 2022. Over the period under review, total exports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year.

Export of Agriculture or Forestry Hand Tools in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	201	369	763	371	22.7%
United States	262	397	455	361	11.3%
Australia	302	253	214	181	-15.7%
Samoa	56.8	80.2	137	114	26.1%
Cook Islands	60.8	190	205	88.7	13.4%
France	47.0	96.0	104	47.3	0.2%
Tonga	60.2	25.5	72.7	38.5	-13.8%
Others	266	281	325	151	-17.2%
Total	1,256	1,693	2,276	1,352	2.5%