Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Vietnam - 2022

Contents:

1. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Vietnam (FOB) - 2022
2. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Vietnam (CIF) - 2022
3. Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Vietnam
4. Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Vietnam

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Vietnam (FOB) - 2022

In 2022, the average export price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses amounted to $1,931 per unit, rising by 79% against the previous year. In general, the export price saw a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,240 per unit), while the average price for exports to Sri Lanka ($69 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+64.3%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Vietnam (CIF) - 2022

In 2022, the average import price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses amounted to $499 per unit, waning by -2.1% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 81% against the previous year. As a result, import price reached the peak level of $1,483 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($1,288 per unit), while the price for China ($275 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.

Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Vietnam

After three years of growth, overseas shipments of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses decreased by -24.8% to 15K units in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,251%. As a result, the exports attained the peak of 21K units, and then reduced notably in the following year.

In value terms, exports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses skyrocketed to $30M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,751% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes from Vietnam in 2022:

1. United States (12.9K units)
2. Sri Lanka (1.0K units)
3. Australia (0.5K units)
4. Netherlands (0.4K units)
5. India (0.2K units)

Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Vietnam

In 2022, the amount of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses imported into Vietnam surged to 20K units, jumping by 25% against 2021. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses surged to $10M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes to Vietnam in 2022:

1. China (14.9K units)
2. Japan (2.3K units)
3. Thailand (1.6K units)
4. India (1.2K units)

Source: IndexBox Market Intelligence Platform