Price for Agriculture or Forestry Hand Tools in Thailand - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in Thailand (CIF) - 2023
- Price for Agriculture or Forestry Hand Tools in Thailand (FOB) - 2022
- Imports of Agriculture or Forestry Hand Tools in Thailand
- Exports of Agriculture or Forestry Hand Tools in Thailand
Price for Agriculture or Forestry Hand Tools in Thailand (CIF) - 2023
In July 2023, the average import price for agriculture or forestry hand toolses amounted to $3,096 per ton, increasing by 8.5% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in August 2022 an increase of 33% m-o-m. As a result, import price attained the peak level of $3,393 per ton. From September 2022 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($13,413 per ton), while the price for China ($2,747 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 Japan (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Agriculture or Forestry Hand Tools in Thailand (FOB) - 2022
The average export price for agriculture or forestry hand toolses stood at $5,092 per ton in 2022, picking up by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. Over the period under review, the average export prices hit record highs at $6,038 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($9,964 per ton), while the average price for exports to Lao People's Democratic Republic ($1,079 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 Maldives (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agriculture or Forestry Hand Tools in Thailand
For the fourth year in a row, Thailand recorded growth in overseas purchases of agriculture or forestry hand toolses, which increased by 7% to 3.6K tons in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, agriculture or forestry hand tools imports amounted to $12M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +26.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Agriculture or Forestry Hand Tools in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 6.0 | 7.3 | 9.1 | 29.4% |
| Taiwan (Chinese) | 0.8 | 1.0 | 1.3 | 1.1 | 11.2% |
| Malaysia | N/A | 0.3 | 0.2 | 0.2 | -18.4% |
| Others | 0.9 | 0.9 | 1.5 | 1.4 | 15.9% |
| Total | 5.9 | 8.2 | 10.3 | 11.8 | 26.0% |
Top Suppliers of Agriculture or Forestry Hand Tools to Thailand in 2022:
- China (3231.0 tons)
- Malaysia (137.7 tons)
- Taiwan (Chinese) (122.9 tons)
Exports of Agriculture or Forestry Hand Tools in Thailand
After three years of growth, overseas shipments of agriculture or forestry hand toolses decreased by -13.6% to 2K tons in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.9% 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 +64.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 49%.
In value terms, agriculture or forestry hand tools exports reached $10M in 2022. The total export value increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Agriculture or Forestry Hand Tools in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 468 | 995 | 1,212 | 1,854 | 58.2% |
| Sri Lanka | 1,307 | 839 | 1,286 | 1,275 | -0.8% |
| Malaysia | 1,265 | 1,601 | 1,170 | 969 | -8.5% |
| Papua New Guinea | 188 | 217 | 313 | 782 | 60.8% |
| Jamaica | 590 | 577 | 591 | 752 | 8.4% |
| Cambodia | 135 | 147 | 203 | 367 | 39.6% |
| Saudi Arabia | 190 | 67.3 | 58.7 | 348 | 22.4% |
| Trinidad and Tobago | 111 | 183 | 178 | 331 | 43.9% |
| Guyana | 289 | 211 | 190 | 309 | 2.3% |
| Philippines | 248 | 89.8 | 303 | 281 | 4.3% |
| Guatemala | 231 | 141 | 63.8 | 254 | 3.2% |
| Lao People's Democratic Republic | 390 | 341 | 458 | 188 | -21.6% |
| Maldives | 3.3 | 185 | 170 | 147 | 254.5% |
| Others | 2,066 | 3,455 | 4,002 | 2,492 | 6.4% |
| Total | 7,481 | 9,050 | 10,200 | 10,349 | 11.4% |
Top Export Markets for Agriculture or Forestry Hand Tools from Thailand in 2022:
- Netherlands (367.4 tons)
- Sri Lanka (364.4 tons)
- Malaysia (228.5 tons)
- Lao People's Democratic Republic (174.5 tons)
- Cambodia (122.9 tons)
- Jamaica (92.8 tons)
- Papua New Guinea (84.0 tons)
- Saudi Arabia (82.2 tons)
- Philippines (61.2 tons)
- Maldives (53.0 tons)
- Guatemala (50.0 tons)
- Trinidad and Tobago (34.7 tons)
- Guyana (31.0 tons)
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