Price for Agriculture or Forestry Hand Tools in Colombia - 2022
Contents:
- Price for Agriculture or Forestry Hand Tools in Colombia (FOB) - 2022
- Price for Agriculture or Forestry Hand Tools in Colombia (CIF) - 2022
- Exports of Agriculture or Forestry Hand Tools in Colombia
- Imports of Agriculture or Forestry Hand Tools in Colombia
Price for Agriculture or Forestry Hand Tools in Colombia (FOB) - 2022
In February 2022, the average export price for agriculture or forestry hand toolses amounted to $3,855 per ton, with a decrease of -6.3% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in June 2021 when the average export price increased by 9.7% against the previous month. Over the period under review, the average export prices attained the peak figure at $4,114 per ton in January 2022, and then fell in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Ecuador ($4,247 per ton), while the average price for exports to Cote d'Ivoire ($2,805 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Agriculture or Forestry Hand Tools in Colombia (CIF) - 2022
The average import price for agriculture or forestry hand toolses stood at $3,104 per ton in February 2022, picking up by 29% against the previous month. Over the period under review, import price indicated tangible growth from February 2021 to February 2022: its price increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, agriculture or forestry hand tools import price increased by +28.8% against January 2022 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Mexico ($5,703 per ton), while the price for India ($2,364 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Agriculture or Forestry Hand Tools in Colombia
Agriculture or forestry hand tools exports from Colombia dropped to 7.8K tons in 2022, which is down by -9.6% on 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of 8.6K tons, and then dropped in the following year.
In value terms, agriculture or forestry hand tools exports reduced to $27M in 2022. The total export value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of $30M, and then shrank in the following year.
| Export of Agriculture or Forestry Hand Tools in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 5.8 | 4.8 | 6.7 | 5.9 | 0.6% |
| Peru | 4.3 | 4.0 | 6.0 | 5.2 | 6.5% |
| Ecuador | 2.6 | 2.4 | 4.2 | 3.7 | 12.5% |
| Cote d'Ivoire | 2.1 | 2.0 | 2.3 | 2.0 | -1.6% |
| Honduras | 1.3 | 1.5 | 1.7 | 1.5 | 4.9% |
| Ghana | 0.6 | 1.7 | 1.5 | 1.3 | 29.4% |
| Brazil | 1.1 | 1.1 | 1.4 | 1.2 | 2.9% |
| Guatemala | 1.3 | 1.0 | 1.1 | 1.0 | -8.4% |
| Venezuela | 0.4 | 0.4 | 1.2 | 1.0 | 35.7% |
| Liberia | 0.3 | 0.5 | 0.6 | 0.5 | 18.6% |
| Paraguay | 0.5 | 0.6 | 0.5 | 0.5 | 0.0% |
| Others | 3.0 | 2.9 | 3.2 | 2.8 | -2.3% |
| Total | 23.5 | 22.8 | 30.2 | 26.5 | 4.1% |
Top Export Markets for Agriculture or Forestry Hand Tools from Colombia in 2022:
- Mexico (1693.2 tons)
- Peru (1443.2 tons)
- Ecuador (1111.5 tons)
- Cote d'Ivoire (739.7 tons)
- Honduras (410.2 tons)
- Ghana (394.0 tons)
- Brazil (325.1 tons)
- Guatemala (275.5 tons)
- Venezuela (273.6 tons)
- Liberia (153.8 tons)
- Paraguay (126.4 tons)
Imports of Agriculture or Forestry Hand Tools in Colombia
In 2022, approx. 4.2K tons of agriculture or forestry hand toolses were imported into Colombia; with a decrease of -23.4% against the previous year. In general, imports showed a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. As a result, imports reached the peak of 5.4K tons, and then contracted dramatically in the following year.
In value terms, agriculture or forestry hand tools imports declined remarkably to $9.7M in 2022. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +3.5% 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 +51.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 102%. As a result, imports attained the peak of $13M, and then contracted sharply in the following year.
| Import of Agriculture or Forestry Hand Tools in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.4 | 4.0 | 8.7 | 6.5 | 6.4% |
| India | 1.2 | 0.5 | 0.9 | 0.7 | -16.4% |
| Mexico | 0.5 | 0.5 | 0.8 | 0.6 | 6.3% |
| Malaysia | 0.3 | 0.4 | 0.7 | 0.5 | 18.6% |
| Brazil | 0.1 | 0.2 | 0.4 | 0.3 | 44.2% |
| Others | 1.2 | 0.8 | 1.4 | 1.1 | -2.9% |
| Total | 8.8 | 6.4 | 13.0 | 9.7 | 3.3% |
Top Suppliers of Agriculture or Forestry Hand Tools to Colombia in 2022:
- China (3320.8 tons)
- India (394.4 tons)
- Mexico (172.2 tons)
- Brazil (100.1 tons)
- Malaysia (75.8 tons)
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