Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in India - 2023

Contents:

1. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in India (CIF) - 2023
2. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in India (FOB) - 2022
3. Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in India
4. Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in India

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in India (CIF) - 2023

The average import price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses stood at $131 per unit in November 2023, surging by 438% against the previous month. Over the period under review, the import price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in February 2023 an increase of 1,065% against the previous month. Over the period under review, average import prices reached the maximum at $291 per unit in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -6.1% per month.

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in India (FOB) - 2022

In 2022, the average export price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses amounted to $49 per unit, picking up by 46% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2017 an increase of 87%. As a result, the export price attained the peak level of $81 per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($271 per unit), while the average price for exports to Italy ($5.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in India

In 2022, purchases abroad of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses decreased by -5.5% to 236K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 77% against the previous year. Over the period under review, imports of attained the peak figure at 250K units in 2021, and then dropped in the following year.

In value terms, imports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses expanded to $39M in 2022. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 92% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes to India in 2022:

1. China (235.1K units)

Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in India

In 2022, after three years of growth, there was significant decline in shipments abroad of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses, when their volume decreased by -22.7% to 152K units. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 97%. As a result, the exports attained the peak of 196K units, and then shrank significantly in the following year.

In value terms, exports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses rose remarkably to $7.4M in 2022. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 78% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes from India in 2022:

1. Nepal (75.6K units)
2. Mexico (18.1K units)
3. Italy (11.8K units)
4. United States (11.0K units)
5. Bhutan (9.1K units)
6. Bangladesh (5.2K units)
7. Philippines (4.0K units)
8. Sri Lanka (3.1K units)
9. Thailand (3.0K units)

Source: IndexBox Market Intelligence Platform