Price for Agriculture or Forestry Hand Tools in the Philippines - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in the Philippines (CIF) - 2023
- Price for Agriculture or Forestry Hand Tools in the Philippines (FOB) - 2022
- Imports of Agriculture or Forestry Hand Tools in the Philippines
- Exports of Agriculture or Forestry Hand Tools in the Philippines
Price for Agriculture or Forestry Hand Tools in the Philippines (CIF) - 2023
The average import price for agriculture or forestry hand toolses stood at $5,518 per ton in May 2023, reducing by -3.4% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 12% month-to-month. The import price peaked at $6,023 per ton in October 2022; however, from November 2022 to May 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($16,096 per ton), while the price for Australia ($4,430 per ton) was amongst the lowest.
From June 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Brazil (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Agriculture or Forestry Hand Tools in the Philippines (FOB) - 2022
The average export price for agriculture or forestry hand toolses stood at $9,519 per ton in 2022, waning by -3.2% against the previous year. In general, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of 2,553% against the previous year. Over the period under review, the average export prices reached the peak figure at $19,836 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($19,704 per ton), while the average price for exports to the United States ($9,102 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+64.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agriculture or Forestry Hand Tools in the Philippines
Agriculture or forestry hand tools imports into the Philippines contracted significantly to 717 tons in 2022, waning by -45.4% against the previous year. Overall, imports continue to indicate a significant decline. The smallest decline of -1.2% was in 2021.
In value terms, agriculture or forestry hand tools imports dropped remarkably to $4M in 2022. In general, imports showed a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year.
| Import of Agriculture or Forestry Hand Tools in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.5 | 4.0 | 5.3 | 3.6 | -44.9% |
| Japan | 0.3 | 0.1 | 0.2 | 0.1 | -30.7% |
| Others | 1.4 | 0.5 | 0.8 | 0.3 | -40.2% |
| Total | 23.2 | 4.6 | 6.2 | 4.0 | -44.3% |
Top Suppliers of Agriculture or Forestry Hand Tools to the Philippines in 2022:
- China (659.6 tons)
- Japan (11.1 tons)
Exports of Agriculture or Forestry Hand Tools in the Philippines
In 2022, exports of agriculture or forestry hand toolses from the Philippines skyrocketed to 2.5 tons, picking up by 390% compared with the previous year. Over the period under review, exports, however, showed a abrupt descent.
In value terms, agriculture or forestry hand tools exports soared to $24K in 2022. Overall, exports continue to indicate a strong expansion.
| Export of Agriculture or Forestry Hand Tools in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.5 | 25.4 | 2.1 | 18.2 | 93.8% |
| Vietnam | 6.6 | 0.7 | 1.0 | 5.1 | -8.2% |
| Malaysia | 0.2 | N/A | 0.4 | 0.8 | 58.7% |
| Japan | 3.3 | N/A | N/A | N/A | 0% |
| Sri Lanka | N/A | 5.6 | N/A | N/A | 0% |
| Australia | 5.2 | N/A | 0.1 | N/A | -86.1% |
| United Kingdom | N/A | 17.5 | 0.2 | N/A | -98.9% |
| Netherlands | 1.9 | N/A | N/A | N/A | 0% |
| Others | 0.7 | 1.5 | 1.3 | N/A | 36.3% |
| Total | 20.5 | 50.6 | 5.1 | 24.1 | 5.5% |
Top Export Markets for Agriculture or Forestry Hand Tools from the Philippines in 2022:
- United States (2004.0 kg)
- Vietnam (485.0 kg)
- Malaysia (39.0 kg)
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