Price for Agriculture or Forestry Hand Tools in the UK - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in the UK (CIF) - 2023
- Price for Agriculture or Forestry Hand Tools in the UK (FOB) - 2022
- Imports of Agriculture or Forestry Hand Tools in the UK
- Exports of Agriculture or Forestry Hand Tools in the UK
Price for Agriculture or Forestry Hand Tools in the UK (CIF) - 2023
The average import price for agriculture or forestry hand toolses stood at $5,298 per ton in May 2023, falling by -5% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2022 when the average import price increased by 83% against the previous month. Over the period under review, average import prices hit record highs at $6,568 per ton in November 2022; however, from December 2022 to May 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($11,113 per ton), while the price for India ($3,155 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Agriculture or Forestry Hand Tools in the UK (FOB) - 2022
In 2022, the average export price for agriculture or forestry hand toolses amounted to $14,652 per ton, picking up by 30% against the previous year. In general, the export price posted buoyant growth. The pace of growth appeared the most rapid in 2014 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($24,700 per ton), while the average price for exports to Jordan ($1,307 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 the Netherlands (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agriculture or Forestry Hand Tools in the UK
Agriculture or forestry hand tools imports into the UK dropped rapidly to 18K tons in 2022, with a decrease of -25% compared with the year before. In general, total imports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +3.4% 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 +11.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. As a result, imports reached the peak of 24K tons, and then reduced dramatically in the following year.
In value terms, agriculture or forestry hand tools imports declined rapidly to $103M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.9% 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 +29.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of $124M, and then plummeted in the following year.
| Import of Agriculture or Forestry Hand Tools in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.3 | 33.8 | 61.4 | 48.1 | 11.9% |
| India | 13.0 | 12.4 | 22.8 | 17.9 | 11.3% |
| Taiwan (Chinese) | 8.3 | 9.7 | 18.1 | 14.2 | 19.6% |
| Germany | 9.8 | 11.0 | 3.1 | 6.1 | -14.6% |
| Netherlands | 3.4 | 3.5 | 4.2 | 3.3 | -1.0% |
| Vietnam | 0.2 | 0.6 | 2.6 | 2.0 | 115.4% |
| Others | 10.6 | 11.2 | 12.2 | 11.3 | 2.2% |
| Total | 79.7 | 82.2 | 124 | 103 | 8.9% |
Top Suppliers of Agriculture or Forestry Hand Tools to the UK in 2022:
- China (8.9K tons)
- India (5.8K tons)
- Taiwan (Chinese) (1.3K tons)
- Vietnam (0.5K tons)
- Germany (0.5K tons)
- Netherlands (0.3K tons)
Exports of Agriculture or Forestry Hand Tools in the UK
For the third year in a row, the UK recorded decline in overseas shipments of agriculture or forestry hand toolses, which decreased by -3.3% to 1.3K tons in 2022. Overall, exports saw a abrupt contraction.
In value terms, agriculture or forestry hand tools exports surged to $19M in 2022. Over the period under review, exports continue to indicate a abrupt downturn.
| Export of Agriculture or Forestry Hand Tools in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.6 | 3.9 | 1.3 | 3.0 | -13.3% |
| Ireland | 3.3 | 3.9 | 2.5 | 2.9 | -4.2% |
| United States | 1.0 | 1.7 | 2.5 | 2.3 | 32.0% |
| France | 2.4 | 1.5 | 0.9 | 1.4 | -16.4% |
| Netherlands | 1.0 | 1.0 | 1.4 | 1.2 | 6.3% |
| Poland | 2.0 | 0.7 | 0.2 | 0.9 | -23.4% |
| Italy | 1.5 | 0.9 | 0.4 | 0.8 | -18.9% |
| Spain | 0.9 | 0.6 | 0.1 | 0.5 | -17.8% |
| Australia | 0.5 | 0.3 | 0.4 | 0.4 | -7.2% |
| Belgium | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| New Zealand | 0.5 | 0.2 | 0.3 | 0.3 | -15.7% |
| Fiji | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| Jordan | N/A | N/A | N/A | N/A | 0% |
| Others | 5.5 | 4.0 | 4.8 | 4.8 | -4.4% |
| Total | 23.7 | 19.0 | 15.4 | 19.3 | -6.6% |
Top Export Markets for Agriculture or Forestry Hand Tools from the UK in 2022:
- Ireland (285.6 tons)
- Germany (167.1 tons)
- United States (92.2 tons)
- France (91.4 tons)
- Netherlands (75.3 tons)
- Italy (51.4 tons)
- Poland (42.6 tons)
- Belgium (40.3 tons)
- Spain (39.1 tons)
- Australia (37.4 tons)
- Fiji (33.1 tons)
- New Zealand (29.2 tons)
- Jordan (23.2 tons)
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