Price for Machinery; Parts of the Machinery of Heading No. 8427 in Germany - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Germany (CIF) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Germany (FOB) - 2023
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Germany
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Germany
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Germany (CIF) - 2023
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $3,155 per ton in October 2023, reducing by -46.4% against the previous month. In general, the import price saw a noticeable descent. The pace of growth appeared the most rapid in November 2022 an increase of 12% against the previous month. The import price peaked at $5,912 per ton in June 2023; however, from July 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($5,519 per ton), while the price for China ($2,125 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Germany (FOB) - 2023
In October 2023, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $11,681 per ton, increasing by 17% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.6%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 18% m-o-m. Over the period under review, the average export prices reached the maximum in October 2023.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Brazil ($20,310 per ton), while the average price for exports to the United States ($8,134 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Germany
In 2022, imports of machinery; parts of the machinery of heading no. 8427 into Germany expanded modestly to 160K tons, increasing by 2.6% on the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 amounted to $809M in 2022. The total import value increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 131 | 108 | 139 | 137 | 1.5% |
| Italy | 105 | 78.6 | 105 | 106 | 0.3% |
| Belgium | 18.9 | 43.0 | 98.3 | 103 | 76.0% |
| Netherlands | 56.3 | 63.1 | 83.0 | 86.3 | 15.3% |
| Poland | 74.6 | 58.0 | 73.7 | 86.0 | 4.9% |
| China | 56.9 | 40.2 | 67.9 | 83.1 | 13.5% |
| France | 49.2 | 41.9 | 59.0 | 53.6 | 2.9% |
| Austria | 22.9 | 19.3 | 28.4 | 26.0 | 4.3% |
| Others | 134 | 110 | 126 | 128 | -1.5% |
| Total | 648 | 562 | 780 | 809 | 7.7% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Germany in 2022:
- China (38.1K tons)
- Czech Republic (27.0K tons)
- Poland (24.5K tons)
- Netherlands (15.0K tons)
- Italy (14.3K tons)
- France (10.7K tons)
- Belgium (6.7K tons)
- Austria (5.3K tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Germany
In 2022, exports of machinery; parts of the machinery of heading no. 8427 from Germany amounted to 93K tons, increasing by 4.3% compared with 2021 figures. The total export volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 expanded to $791M in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 24% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 63.8 | 68.4 | 89.7 | 88.7 | 11.6% |
| United States | 71.3 | 51.5 | 72.3 | 78.6 | 3.3% |
| Czech Republic | 61.7 | 51.4 | 68.5 | 77.5 | 7.9% |
| France | 71.9 | 57.4 | 69.7 | 72.8 | 0.4% |
| Netherlands | 76.0 | 51.2 | 59.2 | 58.3 | -8.5% |
| Poland | 39.0 | 32.4 | 46.1 | 57.2 | 13.6% |
| Belgium | 44.2 | 52.6 | 57.2 | 53.8 | 6.8% |
| Italy | 36.5 | 32.5 | 42.8 | 45.9 | 7.9% |
| Sweden | 40.9 | 30.0 | 34.8 | 34.7 | -5.3% |
| United Kingdom | 41.2 | 36.7 | 34.4 | 33.0 | -7.1% |
| Austria | 27.7 | 26.5 | 33.4 | 32.8 | 5.8% |
| Spain | 19.4 | 18.1 | 22.1 | 21.0 | 2.7% |
| Ireland | 6.3 | 5.1 | 9.0 | 7.8 | 7.4% |
| Others | 131 | 112 | 135 | 129 | -0.5% |
| Total | 731 | 626 | 774 | 791 | 2.7% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Germany in 2022:
- Czech Republic (17.3K tons)
- United States (9.8K tons)
- China (9.8K tons)
- Poland (8.5K tons)
- Netherlands (7.9K tons)
- France (7.6K tons)
- Italy (5.4K tons)
- Sweden (4.0K tons)
- Austria (3.2K tons)
- Belgium (3.0K tons)
- United Kingdom (2.3K tons)
- Spain (1.5K tons)
- Ireland (1.4K tons)
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