Price for Machinery; Parts of the Machinery of Heading No. 8427 in Slovakia - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Slovakia (FOB) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Slovakia (CIF) - 2023
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Slovakia
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Slovakia
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Slovakia (FOB) - 2023
In October 2023, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $24,188 per ton, rising by 241% against the previous month. In general, the export price posted a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Norway ($24,680 per ton), while the average price for exports to China totaled $4,650 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Slovakia (CIF) - 2023
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $2,293 per ton in October 2023, waning by -70.2% against the previous month. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 83% m-o-m. Over the period under review, average import prices attained the maximum at $11,693 per ton in August 2023; however, from September 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($10,310 per ton), while the price for China amounted to $1,348 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Slovakia
In 2022, exports of machinery; parts of the machinery of heading no. 8427 from Slovakia rose modestly to 7.3K tons, surging by 2.6% compared with 2021 figures. The total export volume increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 amounted to $44M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 33%. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 6.3 | 5.2 | 8.5 | 9.2 | 13.5% |
| Belgium | 2.8 | 3.4 | 6.5 | 8.1 | 42.5% |
| Italy | 1.2 | 2.5 | 5.1 | 4.6 | 56.5% |
| Netherlands | 1.9 | 1.9 | 2.0 | 4.0 | 28.2% |
| Germany | 2.4 | 4.1 | 4.8 | 3.5 | 13.4% |
| Czech Republic | 3.5 | 3.1 | 3.5 | 2.7 | -8.3% |
| Poland | 2.4 | 2.4 | 2.7 | 2.6 | 2.7% |
| Austria | 2.9 | 2.5 | 2.6 | 2.4 | -6.1% |
| Romania | 1.6 | 1.4 | 1.6 | 1.2 | -9.1% |
| Denmark | 1.0 | 1.1 | 0.7 | 0.7 | -11.2% |
| Finland | 2.0 | 1.6 | 0.1 | N/A | -77.6% |
| Others | 3.2 | 3.1 | 4.6 | 4.8 | 14.5% |
| Total | 31.1 | 32.0 | 42.5 | 43.8 | 12.1% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Slovakia in 2022:
- Belgium (2601.0 tons)
- Sweden (2009.4 tons)
- Denmark (544.1 tons)
- Netherlands (519.3 tons)
- Italy (416.7 tons)
- Germany (335.6 tons)
- Czech Republic (240.1 tons)
- Poland (117.6 tons)
- Austria (109.6 tons)
- Romania (88.6 tons)
- Finland (3.9 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Slovakia
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Slovakia reached 5.8K tons, surging by 5.2% compared with the year before. The total import volume increased at an average annual rate of +13.0% over the period 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 17%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 dropped modestly to $35M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 +52.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 53%. As a result, imports reached the peak of $35M, leveling off in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.5 | 7.6 | 10.8 | 10.8 | 12.9% |
| Czech Republic | 3.2 | 5.0 | 7.8 | 5.4 | 19.1% |
| Denmark | 0.8 | 1.2 | 3.3 | 5.4 | 89.0% |
| Belgium | 2.0 | 2.1 | 3.7 | 4.2 | 28.1% |
| Italy | 1.8 | 1.4 | 1.8 | 2.6 | 13.0% |
| Netherlands | 2.4 | 2.1 | 3.1 | 2.0 | -5.9% |
| Poland | 0.5 | 0.7 | 0.7 | 1.3 | 37.5% |
| Others | 5.7 | 2.6 | 3.5 | 2.7 | -22.0% |
| Total | 23.9 | 22.6 | 34.7 | 34.5 | 13.0% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Slovakia in 2022:
- Germany (1462.1 tons)
- Belgium (1372.7 tons)
- Czech Republic (1163.0 tons)
- Denmark (995.6 tons)
- Italy (207.0 tons)
- Netherlands (143.5 tons)
- Poland (136.8 tons)
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