Price for Agriculture or Forestry Hand Tools in Pakistan - 2023

Contents:

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

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

The average import price for agriculture or forestry hand toolses stood at $2,018 per ton in 2022, increasing by 5.5% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by 44%. As a result, import price attained the peak level of $3,905 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.3% per year.

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

The average export price for agriculture or forestry hand toolses stood at $4,157 per ton in 2022, surging by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2016 an increase of 36%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($9,804 per ton), while the average price for exports to Italy ($2,772 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 South Africa (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agriculture or Forestry Hand Tools in Pakistan

In 2022, approx. 270 tons of agriculture or forestry hand toolses were imported into Pakistan; dropping by -28.4% compared with the previous year's figure. In general, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 252% against the previous year. As a result, imports attained the peak of 377 tons, and then contracted dramatically in the following year.

In value terms, agriculture or forestry hand tools imports declined notably to $545K in 2022. Over the period under review, imports, however, saw a tangible increase. The pace of growth was the most pronounced in 2021 with an increase of 192%. As a result, imports attained the peak of $721K, and then fell sharply in the following year.

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

1. China (261.6 tons)

Exports of Agriculture or Forestry Hand Tools in Pakistan

In 2022, overseas shipments of agriculture or forestry hand toolses decreased by -40.4% to 85 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 107%.

In value terms, agriculture or forestry hand tools exports dropped sharply to $353K in 2022. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 130%.

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

1. United Kingdom (39.0 tons)
2. United States (21.4 tons)
3. United Arab Emirates (8.2 tons)
4. Sweden (6.6 tons)
5. Germany (5.2 tons)
6. Italy (4.2 tons)

Source: IndexBox Market Intelligence Platform