Price for Agriculture or Forestry Hand Tools in Portugal - 2023

Contents:

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

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

In June 2023, the average import price for agriculture or forestry hand toolses amounted to $6,914 per ton, declining by -8.7% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 80% against the previous month. As a result, import price attained the peak level of $11,758 per ton. From May 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 Germany ($16,047 per ton), while the price for China ($3,633 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 France (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for agriculture or forestry hand toolses stood at $8,360 per ton in June 2023, reducing by -18.1% against the previous month. Over the period under review, the export price showed a slight setback. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 31% m-o-m. As a result, the export price attained the peak level of $13,335 per ton. From August 2022 to June 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was France ($21,692 per ton), while the average price for exports to Cabo Verde ($4,460 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Agriculture or Forestry Hand Tools in Portugal

For the fourth year in a row, Portugal recorded growth in supplies from abroad of agriculture or forestry hand toolses, which increased by 15% to 1.4K tons in 2022. The total import volume increased at an average annual rate of +14.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 28%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, agriculture or forestry hand tools imports amounted to $8.5M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +60.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. China (483.4 tons)
2. Spain (437.0 tons)
3. Netherlands (171.2 tons)
4. Germany (121.8 tons)
5. France (90.6 tons)
6. Taiwan (Chinese) (22.3 tons)
7. Italy (13.1 tons)

Exports of Agriculture or Forestry Hand Tools in Portugal

After three years of growth, shipments abroad of agriculture or forestry hand toolses decreased by -8.3% to 557 tons in 2022. The total export volume increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 24%.

In value terms, agriculture or forestry hand tools exports totaled $6.3M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.3% 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 increased by +82.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 41%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Spain (204.9 tons)
2. Germany (89.1 tons)
3. Angola (73.6 tons)
4. Mexico (32.1 tons)
5. Cabo Verde (24.2 tons)
6. Italy (23.2 tons)
7. Sao Tome and Principe (20.1 tons)
8. South Africa (17.8 tons)
9. France (15.8 tons)
10. Brazil (10.1 tons)
11. Morocco (8.9 tons)

Source: IndexBox Market Intelligence Platform