Price for Machinery; Parts of the Machinery of Heading No. 8425 in Japan - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Japan (CIF) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Japan (FOB) - 2023
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Japan
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Japan
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Japan (CIF) - 2023
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $4,956 per ton in November 2023, which is down by -7.4% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average import price increased by 75% against the previous month. As a result, import price attained the peak level of $8,952 per ton. From September 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Taiwan (Chinese) ($11,196 per ton), while the price for China ($3,061 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Japan (FOB) - 2023
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $24,056 per ton in November 2023, waning by -2.7% against the previous month. Over the period under review, the export price recorded a mild contraction. The growth pace was the most rapid in October 2023 when the average export price increased by 56% month-to-month. The export price peaked at $28,185 per ton in March 2023; however, from April 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($65,181 per ton), while the average price for exports to Thailand ($9,953 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Japan
In 2022, the amount of machinery; parts of the machinery of heading no. 8425 imported into Japan was estimated at 8.9K tons, with an increase of 7.8% against the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 13% against the previous year.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 fell to $43M in 2022. Overall, imports, however, saw a pronounced curtailment. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.5 | 20.0 | 21.5 | 25.4 | 1.2% |
| Taiwan (Chinese) | 6.1 | 4.2 | 5.9 | 6.9 | 4.2% |
| South Korea | 2.6 | 2.1 | 2.8 | 2.5 | -1.3% |
| Others | 14.3 | 9.5 | 16.5 | 7.9 | -17.9% |
| Total | 47.6 | 35.8 | 46.8 | 42.7 | -3.6% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Japan in 2022:
- China (7.2K tons)
- South Korea (0.8K tons)
- Taiwan (Chinese) (0.5K tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Japan
In 2022, the amount of machinery; parts of the machinery of heading no. 8425 exported from Japan surged to 949 tons, growing by 16% against 2021 figures. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 rose remarkably to $24M in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.6 | 6.5 | 7.3 | 9.9 | 9.2% |
| China | 3.1 | 3.8 | 2.3 | 3.1 | 0.0% |
| Taiwan (Chinese) | 1.3 | 1.5 | 3.0 | 1.8 | 11.5% |
| Germany | 1.0 | 0.8 | 1.2 | 1.5 | 14.5% |
| Thailand | 1.3 | 0.7 | 1.1 | 1.2 | -2.6% |
| Indonesia | 0.9 | 0.7 | 0.6 | 0.8 | -3.9% |
| South Africa | 0.2 | 0.2 | 0.2 | 0.5 | 35.7% |
| Singapore | 0.8 | 1.1 | 0.7 | 0.5 | -14.5% |
| South Korea | 0.7 | 0.7 | 0.6 | 0.5 | -10.6% |
| Canada | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Hong Kong SAR | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Philippines | 0.4 | 0.2 | 0.2 | 0.3 | -9.1% |
| India | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Others | 3.3 | 2.9 | 2.7 | 3.0 | -3.1% |
| Total | 21.9 | 20.2 | 21.1 | 24.1 | 3.2% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Japan in 2022:
- United States (396.2 tons)
- China (93.3 tons)
- Germany (70.4 tons)
- Thailand (64.0 tons)
- Taiwan (Chinese) (59.2 tons)
- Indonesia (40.1 tons)
- South Africa (31.2 tons)
- Hong Kong SAR (23.4 tons)
- Canada (21.4 tons)
- Philippines (14.5 tons)
- India (12.8 tons)
- Singapore (12.3 tons)
- South Korea (10.1 tons)
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