Price for Agriculture or Forestry Hand Tools in India - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in India (FOB) - 2023
- Price for Agriculture or Forestry Hand Tools in India (CIF) - 2023
- Exports of Agriculture or Forestry Hand Tools in India
- Imports of Agriculture or Forestry Hand Tools in India
Price for Agriculture or Forestry Hand Tools in India (FOB) - 2023
In June 2023, the average export price for agriculture or forestry hand toolses amounted to $2,682 per ton, with a decrease of -5.4% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 12% m-o-m. Over the period under review, the average export prices attained the peak figure at $3,017 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($3,644 per ton), while the average price for exports to Bangladesh ($513 per ton) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Agriculture or Forestry Hand Tools in India (CIF) - 2023
In June 2023, the average import price for agriculture or forestry hand toolses amounted to $5,291 per ton, surging by 121% against the previous month. Over the period under review, the import price, however, saw a mild decrease. Over the period under review, average import prices hit record highs at $7,778 per ton in September 2022; however, from October 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Taiwan (Chinese) ($10,630 per ton), while the price for China stood at $4,751 per ton.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.2%).
Exports of Agriculture or Forestry Hand Tools in India
In 2022, the amount of agriculture or forestry hand toolses exported from India fell to 22K tons, with a decrease of -8.9% against 2021. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 84% against the previous year. As a result, the exports attained the peak of 24K tons, and then dropped in the following year.
In value terms, agriculture or forestry hand tools exports fell to $52M in 2022. In general, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 76% against the previous year. As a result, the exports reached the peak of $59M, and then declined in the following year.
| Export of Agriculture or Forestry Hand Tools in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 12.5 | 12.4 | 22.5 | 19.9 | 16.8% |
| United States | 7.9 | 10.0 | 18.7 | 16.5 | 27.8% |
| Mexico | 0.6 | 1.2 | 2.1 | 1.8 | 44.2% |
| South Africa | 0.8 | 1.1 | 1.8 | 1.6 | 26.0% |
| Nepal | 1.3 | 0.9 | 1.8 | 1.6 | 7.2% |
| Canada | 0.8 | 0.8 | 1.1 | 1.0 | 7.7% |
| Netherlands | 0.7 | 0.4 | 1.0 | 0.9 | 8.7% |
| Australia | 0.5 | 0.8 | 1.0 | 0.9 | 21.6% |
| Colombia | 1.0 | 0.3 | 0.9 | 0.8 | -7.2% |
| Bangladesh | 0.3 | 0.5 | 0.6 | 0.5 | 18.6% |
| Others | 5.5 | 5.1 | 7.5 | 6.6 | 6.3% |
| Total | 31.9 | 33.4 | 59.0 | 52.2 | 17.8% |
Top Export Markets for Agriculture or Forestry Hand Tools from India in 2022:
- United Kingdom (8.1K tons)
- United States (5.6K tons)
- Bangladesh (1.1K tons)
- Mexico (1.1K tons)
- South Africa (1.0K tons)
- Nepal (0.5K tons)
- Canada (0.4K tons)
- Australia (0.4K tons)
- Colombia (0.4K tons)
- Netherlands (0.3K tons)
Imports of Agriculture or Forestry Hand Tools in India
In 2022, the amount of agriculture or forestry hand toolses imported into India surged to 3.5K tons, with an increase of 42% on 2021. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 56%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, agriculture or forestry hand tools imports skyrocketed to $11M in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Agriculture or Forestry Hand Tools in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 3.3 | 4.6 | 6.9 | 38.4% |
| Taiwan (Chinese) | 0.8 | 0.9 | 1.5 | 2.2 | 40.1% |
| Belgium | N/A | 0.7 | 0.4 | 0.6 | -7.4% |
| Others | 0.8 | 0.8 | 1.2 | 1.9 | 33.4% |
| Total | 4.2 | 5.7 | 7.7 | 11.5 | 39.9% |
Top Suppliers of Agriculture or Forestry Hand Tools to India in 2022:
- China (3088.0 tons)
- Taiwan (Chinese) (199.0 tons)
- Belgium (59.7 tons)
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