Price for Agriculture or Forestry Hand Tools in Canada - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in Canada (CIF) - 2023
- Price for Agriculture or Forestry Hand Tools in Canada (FOB) - 2023
- Imports of Agriculture or Forestry Hand Tools in Canada
- Exports of Agriculture or Forestry Hand Tools in Canada
Price for Agriculture or Forestry Hand Tools in Canada (CIF) - 2023
In June 2023, the average import price for agriculture or forestry hand toolses amounted to $6,451 per ton, dropping by -6.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 12% month-to-month. The import price peaked at $6,948 per ton in February 2023; however, from March 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($8,981 per ton), while the price for India ($5,450 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Agriculture or Forestry Hand Tools in Canada (FOB) - 2023
In June 2023, the average export price for agriculture or forestry hand toolses amounted to $6,178 per ton, increasing by 26% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 144% m-o-m. As a result, the export price attained the peak level of $14,907 per ton. From August 2022 to June 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Vietnam ($9,169 per ton), while the average price for exports to Germany ($4,772 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agriculture or Forestry Hand Tools in Canada
After three years of growth, overseas purchases of agriculture or forestry hand toolses decreased by -7.7% to 9.2K tons in 2022. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 14%. As a result, imports reached the peak of 10K tons, and then dropped in the following year.
In value terms, agriculture or forestry hand tools imports shrank modestly to $60M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +47.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of $61M, and then shrank modestly in the following year.
| Import of Agriculture or Forestry Hand Tools in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.8 | 25.7 | 33.6 | 33.1 | 14.9% |
| United States | 6.4 | 4.4 | 6.4 | 6.3 | -0.5% |
| Taiwan (Chinese) | 3.9 | 3.8 | 5.4 | 5.3 | 10.8% |
| Finland | 1.0 | 1.7 | 2.6 | 2.5 | 35.7% |
| Sweden | 0.9 | 1.0 | 2.0 | 1.9 | 28.3% |
| Mexico | 1.8 | 1.9 | 1.8 | 1.8 | 0.0% |
| India | 0.8 | 1.0 | 0.9 | 0.9 | 4.0% |
| Others | 4.0 | 4.5 | 8.0 | 8.0 | 26.0% |
| Total | 40.5 | 44.1 | 60.5 | 59.8 | 13.9% |
Top Suppliers of Agriculture or Forestry Hand Tools to Canada in 2022:
- China (5.2K tons)
- United States (1.1K tons)
- Taiwan (Chinese) (0.7K tons)
- Mexico (0.4K tons)
- Finland (0.4K tons)
- Sweden (0.3K tons)
- India (0.2K tons)
Exports of Agriculture or Forestry Hand Tools in Canada
In 2022, the amount of agriculture or forestry hand toolses exported from Canada surged to 954 tons, rising by 39% against 2021. The total export volume increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, agriculture or forestry hand tools exports stood at $6M in 2022. The total export value increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Agriculture or Forestry Hand Tools in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4,306 | 4,047 | 4,086 | 4,591 | 2.2% |
| Germany | 12.4 | 53.8 | 261 | 294 | 187.3% |
| Japan | 137 | 174 | 158 | 178 | 9.1% |
| Australia | 28.9 | 256 | 110 | 146 | 71.6% |
| Ireland | 102 | 56.4 | 65.2 | 82.4 | -6.9% |
| Others | 295 | 417 | 664 | 680 | 32.1% |
| Total | 4,882 | 5,004 | 5,344 | 5,971 | 6.9% |
Top Export Markets for Agriculture or Forestry Hand Tools from Canada in 2022:
- United States (766.3 tons)
- Germany (39.3 tons)
- Japan (28.4 tons)
- Australia (20.1 tons)
- Ireland (15.5 tons)
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