Price for Agriculture or Forestry Hand Tools in Vietnam - 2021
Contents:
- Price for Agriculture or Forestry Hand Tools in Vietnam (FOB) - 2021
- Price for Agriculture or Forestry Hand Tools in Vietnam (CIF) - 2021
- Exports of Agriculture or Forestry Hand Tools in Vietnam
- Imports of Agriculture or Forestry Hand Tools in Vietnam
Price for Agriculture or Forestry Hand Tools in Vietnam (FOB) - 2021
The average export price for agriculture or forestry hand toolses stood at $7,562 per ton in December 2021, declining by -2.9% against the previous month. In general, the export price saw a pronounced descent. The most prominent rate of growth was recorded in September 2021 when the average export price increased by 18% against the previous month. The export price peaked at $10,791 per ton in December 2020; however, from January 2021 to December 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was the Netherlands ($10,330 per ton), while the average price for exports to Belgium ($4,519 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Agriculture or Forestry Hand Tools in Vietnam (CIF) - 2021
In December 2021, the average import price for agriculture or forestry hand toolses amounted to $5,306 per ton, reducing by -2.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in March 2021 an increase of 35% against the previous month. As a result, import price attained the peak level of $6,293 per ton. From April 2021 to December 2021, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the country with the highest price was Taiwan (Chinese) ($6,407 per ton), while the price for China totaled $4,998 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%).
Exports of Agriculture or Forestry Hand Tools in Vietnam
For the fourth year in a row, Vietnam recorded growth in overseas shipments of agriculture or forestry hand toolses, which increased by 3.3% to 12K tons in 2022. The total export volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, agriculture or forestry hand tools exports fell modestly to $66M in 2022. The total export value increased at an average annual rate of +11.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 37%.
| Export of Agriculture or Forestry Hand Tools in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.0 | 44.9 | 42.5 | 46.4 | 34.7% |
| Germany | 9.8 | 4.5 | 1.7 | 3.6 | -28.4% |
| United Kingdom | 0.3 | 1.0 | 1.7 | 1.9 | 85.0% |
| Netherlands | 3.3 | 2.6 | 1.5 | 1.8 | -18.3% |
| France | 0.9 | 1.8 | 1.6 | 1.8 | 26.0% |
| Hong Kong SAR | 0.9 | 1.0 | N/A | 1.6 | 21.1% |
| Austria | 3.3 | 1.5 | 1.0 | 1.4 | -24.9% |
| Japan | 1.9 | 1.8 | 1.0 | 1.1 | -16.7% |
| Spain | 2.7 | 0.8 | 1.0 | 1.1 | -25.9% |
| Canada | 0.3 | 0.4 | 0.7 | 0.8 | 38.7% |
| Australia | 0.7 | 0.8 | 0.3 | 0.4 | -17.0% |
| Others | 3.7 | 3.2 | 13.7 | 3.7 | 0.0% |
| Total | 46.8 | 64.2 | 66.8 | 65.5 | 11.9% |
Top Export Markets for Agriculture or Forestry Hand Tools from Vietnam in 2022:
- United States (8605.2 tons)
- Germany (480.6 tons)
- Hong Kong SAR (456.8 tons)
- France (274.1 tons)
- United Kingdom (224.0 tons)
- Canada (204.7 tons)
- Netherlands (190.6 tons)
- Japan (160.6 tons)
- Austria (124.4 tons)
- Spain (122.5 tons)
- Australia (95.0 tons)
Imports of Agriculture or Forestry Hand Tools in Vietnam
In 2022, overseas purchases of agriculture or forestry hand toolses decreased by -7.8% to 1.6K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 23%.
In value terms, agriculture or forestry hand tools imports fell to $8.4M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +62.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year.
| Import of Agriculture or Forestry Hand Tools in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 4.1 | 5.7 | 4.7 | 20.3% |
| Taiwan (Chinese) | 2.1 | 2.8 | 3.3 | 2.7 | 8.7% |
| Hong Kong SAR | N/A | N/A | N/A | 0.4 | 0% |
| Others | 0.4 | 0.4 | 0.5 | 0.6 | 14.5% |
| Total | 5.2 | 7.3 | 9.4 | 8.4 | 17.3% |
Top Suppliers of Agriculture or Forestry Hand Tools to Vietnam in 2022:
- China (942.3 tons)
- Taiwan (Chinese) (540.3 tons)
- Hong Kong SAR (67.7 tons)
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