Price for Agriculture or Forestry Hand Tools in Japan - 2023
Contents:
- Price for Agriculture or Forestry Hand Tools in Japan (CIF) - 2023
- Price for Agriculture or Forestry Hand Tools in Japan (FOB) - 2022
- Imports of Agriculture or Forestry Hand Tools in Japan
- Exports of Agriculture or Forestry Hand Tools in Japan
Price for Agriculture or Forestry Hand Tools in Japan (CIF) - 2023
The average import price for agriculture or forestry hand toolses stood at $7,546 per ton in July 2023, picking up by 16% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($19,716 per ton), while the price for China ($5,799 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Agriculture or Forestry Hand Tools in Japan (FOB) - 2022
In 2022, the average export price for agriculture or forestry hand toolses amounted to $20,958 per ton, falling by -17.4% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agriculture or forestry hand tools export price decreased by -19.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. Over the period under review, the average export prices attained the maximum at $26,109 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($34,765 per ton), while the average price for exports to Central African Republic ($4,219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agriculture or Forestry Hand Tools in Japan
In 2022, after three years of growth, there was decline in supplies from abroad of agriculture or forestry hand toolses, when their volume decreased by -2.9% to 8.5K tons. The total import volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of 8.8K tons, and then declined slightly in the following year.
In value terms, agriculture or forestry hand tools imports expanded modestly to $55M in 2022. The total import value increased at an average annual rate of +10.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Agriculture or Forestry Hand Tools in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.8 | 29.3 | 35.3 | 37.6 | 11.9% |
| Taiwan (Chinese) | 7.9 | 8.7 | 11.4 | 12.6 | 16.8% |
| Vietnam | 2.5 | 2.3 | 2.3 | 1.5 | -15.7% |
| Others | 3.0 | 3.2 | 3.9 | 3.0 | 0.0% |
| Total | 40.2 | 43.5 | 52.9 | 54.6 | 10.7% |
Top Suppliers of Agriculture or Forestry Hand Tools to Japan in 2022:
- China (7.1K tons)
- Taiwan (Chinese) (1.1K tons)
- Vietnam (0.1K tons)
Exports of Agriculture or Forestry Hand Tools in Japan
In 2022, the amount of agriculture or forestry hand toolses exported from Japan rose sharply to 1.1K tons, picking up by 9.6% on the previous year. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, agriculture or forestry hand tools exports dropped to $24M in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $27M, and then declined in the following year.
| Export of Agriculture or Forestry Hand Tools in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.4 | 5.0 | 6.5 | 5.7 | 9.0% |
| South Korea | 4.9 | 5.0 | 4.9 | 4.4 | -3.5% |
| China | 3.2 | 2.5 | 2.8 | 1.7 | -19.0% |
| United Kingdom | 1.2 | 1.4 | 1.8 | 1.5 | 7.7% |
| Taiwan (Chinese) | 1.1 | 1.0 | 1.0 | 1.2 | 2.9% |
| Netherlands | 1.1 | 1.5 | 1.5 | 1.2 | 2.9% |
| Australia | 0.5 | 0.6 | 0.7 | 0.7 | 11.9% |
| Italy | 0.6 | 0.6 | 0.6 | 0.7 | 5.3% |
| Germany | 0.6 | 0.9 | 0.7 | 0.7 | 5.3% |
| United Arab Emirates | 0.2 | 0.2 | 0.2 | 0.5 | 35.7% |
| Central African Republic | 0.5 | 0.2 | 0.1 | 0.5 | 0.0% |
| Vietnam | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| Thailand | 0.4 | 0.4 | 0.4 | 0.3 | -9.1% |
| Others | 3.5 | 3.4 | 4.9 | 4.5 | 8.7% |
| Total | 22.6 | 23.0 | 26.5 | 24.0 | 2.0% |
Top Export Markets for Agriculture or Forestry Hand Tools from Japan in 2022:
- United States (264.1 tons)
- South Korea (206.8 tons)
- Central African Republic (118.8 tons)
- Australia (80.1 tons)
- China (53.1 tons)
- United Kingdom (43.2 tons)
- Taiwan (Chinese) (42.5 tons)
- Italy (36.8 tons)
- Netherlands (36.0 tons)
- United Arab Emirates (31.1 tons)
- Vietnam (27.4 tons)
- Germany (22.5 tons)
- Thailand (21.9 tons)
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