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

Contents:

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

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

The average export price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses stood at $669 per unit in 2022, with an increase of 11% against the previous year. In general, the export price, however, saw a abrupt setback. The growth pace was the most rapid in 2017 an increase of 149%. Over the period under review, the average export prices reached the peak figure at $1,659 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($1,003 per unit), while the average price for exports to Libya ($417 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 Kenya (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses stood at $406 per unit in 2022, with a decrease of -15.2% against the previous year. Over the period under review, the import price showed a abrupt decrease. The growth pace was the most rapid in 2014 when the average import price increased by 60%. Over the period under review, average import prices hit record highs at $955 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($922 per unit), while the price for Turkey ($323 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, exports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses from Pakistan skyrocketed to 576 units, jumping by 99% against 2021 figures. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 300%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses surged to $385K in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 206% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

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

1. Angola (200.0 units)
2. Botswana (91.0 units)
3. Somalia (49.0 units)
4. Kenya (43.0 units)
5. South Africa (42.0 units)
6. Libya (30.0 units)
7. Yemen (26.0 units)
8. Nigeria (25.0 units)
9. Congo (24.0 units)

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

In 2022, imports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses into Pakistan expanded significantly to 235 units, picking up by 11% on the year before. Over the period under review, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.6% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 46%. As a result, imports attained the peak of 316 units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses shrank to $95K in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.0% 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 decreased by -20.8% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 59% against the previous year. As a result, imports attained the peak of $121K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. China (151.0 units)
2. Turkey (70.0 units)
3. Japan (6.0 units)
4. South Korea (4.0 units)
5. United States (2.0 units)

Source: IndexBox Market Intelligence Platform