Price for Agriculture or Forestry Hand Tools in Hungary - 2023

Price for Agriculture or Forestry Hand Tools in Hungary (CIF) - 2023

In June 2023, the average import price for agriculture or forestry hand toolses amounted to $5,437 per ton, with a decrease of -19.9% against the previous month. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in December 2022 an increase of 38% against the previous month. The import price peaked at $9,456 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Sweden ($21,296 per ton), while the price for China ($2,879 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Agriculture or Forestry Hand Tools in Hungary (FOB) - 2023

In June 2023, the average export price for agriculture or forestry hand toolses amounted to $8,914 per ton, with a decrease of -21.9% against the previous month. Over the period under review, export price indicated a strong increase from June 2022 to June 2023: its price increased at an average monthly rate of +5.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, agriculture or forestry hand tools export price decreased by -23.2% against April 2023 indices. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 70% month-to-month. Over the period under review, the average export prices hit record highs at $11,603 per ton in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($61,526 per ton), while the average price for exports to Spain ($784 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agriculture or Forestry Hand Tools in Hungary

In 2022, purchases abroad of agriculture or forestry hand toolses decreased by -4.5% to 2.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 97%.

In value terms, agriculture or forestry hand tools imports rose rapidly to $15M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; however, 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 14% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Agriculture or Forestry Hand Tools in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,569	2,068	2,406	3,505	30.7%
Germany	3,027	3,279	3,191	3,502	5.0%
Netherlands	112	1,035	1,192	1,583	141.8%
Sweden	637	633	852	928	13.4%
Slovakia	999	684	779	842	-5.5%
Taiwan (Chinese)	634	475	766	744	5.5%
Romania	32.7	501	801	743	183.2%
Poland	529	1,011	655	636	6.3%
Slovenia	1,157	723	773	506	-24.1%
Czech Republic	356	422	412	453	8.4%
Austria	276	288	397	283	0.8%
India	65.9	126	330	229	51.5%
Mexico	98.0	122	426	223	31.5%
Others	2,038	730	806	808	-26.5%
Total	11,530	12,096	13,785	14,985	9.1%

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

China (978.3 tons)
Germany (501.2 tons)
Slovakia (276.2 tons)
Netherlands (138.4 tons)
Slovenia (107.0 tons)
Taiwan (Chinese) (93.2 tons)
India (89.7 tons)
Poland (69.6 tons)
Czech Republic (61.7 tons)
Romania (55.2 tons)
Sweden (51.6 tons)
Mexico (49.7 tons)
Austria (31.2 tons)

Exports of Agriculture or Forestry Hand Tools in Hungary

After three years of growth, overseas shipments of agriculture or forestry hand toolses decreased by -7.4% to 305 tons in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 77% against the previous year.

In value terms, agriculture or forestry hand tools exports contracted dramatically to $1.8M in 2022. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 10% against the previous year. As a result, the exports reached the peak of $2.9M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Agriculture or Forestry Hand Tools in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	1,090	700	1,030	690	-14.1%
Germany	363	1,364	260	222	-15.1%
Slovakia	405	115	175	189	-22.4%
Serbia	148	88.5	137	142	-1.4%
Croatia	113	113	141	142	7.9%
Austria	173	92.8	168	87.1	-20.4%
Ukraine	2.1	8.6	1.5	56.6	199.8%
Others	362	452	261	289	-7.2%
Total	2,655	2,934	2,174	1,819	-11.8%