Price for Agriculture or Forestry Hand Tools in the United States - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in the United States (CIF) - 2023
- Price for Agriculture or Forestry Hand Tools in the United States (FOB) - 2022
- Imports of Agriculture or Forestry Hand Tools in the United States
- Exports of Agriculture or Forestry Hand Tools in the United States
Price for Agriculture or Forestry Hand Tools in the United States (CIF) - 2023
In July 2023, the average import price for agriculture or forestry hand toolses amounted to $5,902 per ton, with a decrease of -2.9% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 16% month-to-month. Over the period under review, average import prices hit record highs at $6,134 per ton in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Mexico ($7,959 per ton), while the price for Canada ($3,527 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 Vietnam (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Agriculture or Forestry Hand Tools in the United States (FOB) - 2022
In 2022, the average export price for agriculture or forestry hand toolses amounted to $43,233 per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, posted significant growth. The growth pace was the most rapid in 2020 an increase of 271% against the previous year. Over the period under review, the average export prices reached the maximum at $43,373 per ton in 2021, and then fell slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($108,698 per ton), while the average price for exports to Poland ($6,521 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 Germany (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agriculture or Forestry Hand Tools in the United States
In 2022, after three years of growth, there was significant decline in purchases abroad of agriculture or forestry hand toolses, when their volume decreased by -14.8% to 78K tons. The total import volume increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. As a result, imports attained the peak of 91K tons, and then dropped in the following year.
In value terms, agriculture or forestry hand tools imports stood at $516M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.4% 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 +61.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Agriculture or Forestry Hand Tools in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 146 | 143 | 169 | 187 | 8.6% |
| Mexico | 69.7 | 86.9 | 109 | 82.8 | 5.9% |
| Vietnam | 14.5 | 38.6 | 62.2 | 69.7 | 68.8% |
| Taiwan (Chinese) | 35.6 | 46.0 | 52.1 | 59.7 | 18.8% |
| Brazil | 1.1 | 6.4 | 22.5 | 32.3 | 208.5% |
| India | 6.8 | 8.7 | 16.1 | 22.3 | 48.6% |
| Finland | 5.2 | 6.6 | 11.4 | 9.1 | 20.5% |
| Others | 39.8 | 38.7 | 50.5 | 53.1 | 10.1% |
| Total | 319 | 375 | 493 | 516 | 17.4% |
Top Suppliers of Agriculture or Forestry Hand Tools to the United States in 2022:
- China (38.7K tons)
- Vietnam (10.7K tons)
- Mexico (7.7K tons)
- Taiwan (Chinese) (7.0K tons)
- India (4.6K tons)
- Brazil (3.8K tons)
- Finland (1.1K tons)
Exports of Agriculture or Forestry Hand Tools in the United States
In 2022, overseas shipments of agriculture or forestry hand toolses were finally on the rise to reach 721 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a precipitous descent.
In value terms, agriculture or forestry hand tools exports rose markedly to $31M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 13%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Agriculture or Forestry Hand Tools in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 13.1 | 13.1 | 15.7 | 13.5 | 1.0% |
| Japan | 0.6 | 0.7 | 0.5 | 2.1 | 51.8% |
| United Kingdom | 0.8 | 0.5 | 1.2 | 1.6 | 26.0% |
| Australia | 1.0 | 1.0 | 2.2 | 1.3 | 9.1% |
| Mexico | 1.9 | 1.7 | 1.7 | 1.3 | -11.9% |
| South Korea | 0.3 | 0.2 | 0.4 | 1.1 | 54.2% |
| Taiwan (Chinese) | 0.1 | 0.3 | 0.6 | 0.8 | 100.0% |
| China | 3.1 | 0.9 | 0.2 | 0.8 | -36.3% |
| Denmark | 1.3 | 0.8 | 0.4 | 0.7 | -18.6% |
| Spain | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Jamaica | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Poland | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Barbados | 1.1 | N/A | N/A | N/A | 0% |
| Others | 6.7 | 6.1 | 5.6 | 7.3 | 2.9% |
| Total | 30.4 | 25.5 | 28.8 | 31.2 | 0.9% |
Top Export Markets for Agriculture or Forestry Hand Tools from the United States in 2022:
- Canada (177.4 tons)
- South Korea (109.2 tons)
- Mexico (70.1 tons)
- Japan (60.3 tons)
- United Kingdom (31.7 tons)
- Jamaica (21.1 tons)
- China (20.8 tons)
- Spain (16.9 tons)
- Poland (13.8 tons)
- Australia (11.9 tons)
- Taiwan (Chinese) (11.7 tons)
- Denmark (5.4 tons)
- Barbados (3.5 tons)
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