Price for Agriculture or Forestry Hand Tools in the Dominican Republic - 2023

Contents:

1. Price for Agriculture or Forestry Hand Tools in the Dominican Republic (CIF) - 2023
2. Price for Agriculture or Forestry Hand Tools in the Dominican Republic (FOB) - 2022
3. Imports of Agriculture or Forestry Hand Tools in the Dominican Republic
4. Exports of Agriculture or Forestry Hand Tools in the Dominican Republic

Price for Agriculture or Forestry Hand Tools in the Dominican Republic (CIF) - 2023

The average import price for agriculture or forestry hand toolses stood at $4,895 per ton in March 2023, increasing by 18% against the previous month. Overall, the import price, however, faced a deep contraction. The pace of growth was the most pronounced in December 2022 an increase of 226% month-to-month. Over the period under review, average import prices attained the peak figure at $28,144 per ton in March 2022; however, from April 2022 to March 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($7,892 per ton), while the price for China ($3,498 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Brazil (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Agriculture or Forestry Hand Tools in the Dominican Republic (FOB) - 2022

The average export price for agriculture or forestry hand toolses stood at $2,685 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33% against the previous year. The export price peaked at $5,061 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the United States ($10,399 per ton), while the average price for exports to Haiti amounted to $2,287 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agriculture or Forestry Hand Tools in the Dominican Republic

In 2022, the amount of agriculture or forestry hand toolses imported into the Dominican Republic contracted rapidly to 931 tons, waning by -16.8% on the year before. Overall, total imports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +3.2% 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 increased by +25.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 51%. As a result, imports attained the peak of 1.1K tons, and then shrank dramatically in the following year.

In value terms, agriculture or forestry hand tools imports dropped sharply to $4.7M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.9% 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 increased by +31.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of $5.8M, and then shrank notably in the following year.

Top Suppliers of Agriculture or Forestry Hand Tools to the Dominican Republic in 2022:

1. Mexico (415.5 tons)
2. China (343.6 tons)
3. Brazil (66.6 tons)
4. Colombia (59.2 tons)
5. El Salvador (22.7 tons)
6. United States (14.3 tons)

Exports of Agriculture or Forestry Hand Tools in the Dominican Republic

Agriculture or forestry hand tools exports from the Dominican Republic declined rapidly to 19 tons in 2022, waning by -40.2% on 2021. In general, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 310% against the previous year. As a result, the exports attained the peak of 32 tons, and then reduced remarkably in the following year.

In value terms, agriculture or forestry hand tools exports shrank rapidly to $51K in 2022. Overall, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 446%. As a result, the exports attained the peak of $87K, and then contracted dramatically in the following year.

Top Export Markets for Agriculture or Forestry Hand Tools from the Dominican Republic in 2022:

1. Haiti (18.2 tons)
2. United States (0.9 tons)

Source: IndexBox Market Intelligence Platform