Price for Agriculture or Forestry Hand Tools in Russia - 2022

Contents:

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

Price for Agriculture or Forestry Hand Tools in Russia (CIF) - 2022

The average import price for agriculture or forestry hand toolses stood at $3,967 per ton in January 2022, leveling off at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in February 2021 an increase of 35% month-to-month. As a result, import price attained the peak level of $4,443 per ton. From March 2021 to January 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Finland ($12,670 per ton), while the price for China ($2,857 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Belarus (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Agriculture or Forestry Hand Tools in Russia (FOB) - 2022

In 2022, the average export price for agriculture or forestry hand toolses amounted to $3,311 per ton, declining by -2.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2019 an increase of 24%. The export price peaked at $3,384 per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($5,484 per ton), while the average price for exports to Tajikistan ($488 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 Azerbaijan (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agriculture or Forestry Hand Tools in Russia

In 2022, approx. 13K tons of agriculture or forestry hand toolses were imported into Russia; falling by -10.6% on 2021 figures. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports attained the peak of 15K tons, and then contracted in the following year.

In value terms, agriculture or forestry hand tools imports contracted notably to $43M in 2022. Over the period under review, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.6% 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 +26.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. As a result, imports attained the peak of $52M, and then dropped remarkably in the following year.

Top Suppliers of Agriculture or Forestry Hand Tools to Russia in 2022:

1. China (11.4K tons)
2. Taiwan (Chinese) (0.7K tons)
3. Finland (0.2K tons)
4. Belarus (0.1K tons)

Exports of Agriculture or Forestry Hand Tools in Russia

In 2022, after three years of growth, there was significant decline in shipments abroad of agriculture or forestry hand toolses, when their volume decreased by -10.8% to 2.8K tons. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 13%. As a result, the exports reached the peak of 3.1K tons, and then shrank in the following year.

In value terms, agriculture or forestry hand tools exports contracted to $9.3M in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. As a result, the exports attained the peak of $11M, and then contracted in the following year.

Top Export Markets for Agriculture or Forestry Hand Tools from Russia in 2022:

1. Belarus (1208.0 tons)
2. Kazakhstan (655.9 tons)
3. Ukraine (245.5 tons)
4. Romania (190.1 tons)
5. Azerbaijan (140.2 tons)
6. Bulgaria (127.5 tons)
7. Moldova (106.1 tons)
8. Uzbekistan (37.8 tons)

Source: IndexBox Market Intelligence Platform