Price for Machines; Parts and Accessories, of Heading No. 8472 in Russia - 2022

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Russia (CIF) - 2022
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Russia (FOB) - 2022
3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Russia
4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Russia

Price for Machines; Parts and Accessories, of Heading No. 8472 in Russia (CIF) - 2022

In 2022, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $93,907 per ton, dropping by -16.9% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machines; parts and accessories, of heading no. 8472 increased by +51.2% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 82%. As a result, import price reached the peak level of $113,042 per ton, and then contracted sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($242,452 per ton), while the price for Lithuania ($41,922 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Russia (FOB) - 2022

The average export price for machines; parts and accessories, of heading no. 8472 stood at $17,789 per ton in 2022, declining by -53% against the previous year. In general, the export price saw a abrupt descent. The growth pace was the most rapid in 2020 when the average export price increased by 112% against the previous year. The export price peaked at $39,927 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($55,770 per ton), while the average price for exports to Armenia ($12,294 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Russia

In 2022, supplies from abroad of machines; parts and accessories, of heading no. 8472 was finally on the rise to reach 259 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a pronounced descent.

In value terms, imports of machines; parts and accessories, of heading no. 8472 surged to $24M in 2022. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Russia in 2022:

1. China (185.3 tons)
2. South Korea (54.9 tons)
3. Lithuania (4.6 tons)
4. Turkey (4.5 tons)
5. Germany (2.4 tons)
6. Hong Kong SAR (1.0 tons)
7. Netherlands (0.4 tons)
8. India (0.2 tons)
9. United States (0.2 tons)
10. Hungary (0.1 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Russia

Exports of machines; parts and accessories, of heading no. 8472 from Russia fell rapidly to 55 tons in 2022, with a decrease of -24.5% against the previous year's figure. In general, exports continue to indicate a dramatic descent. The growth pace was the most rapid in 2021 when exports increased by 86%.

In value terms, exports of machines; parts and accessories, of heading no. 8472 contracted notably to $979K in 2022. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 240% against the previous year. As a result, the exports attained the peak of $2.8M, and then plummeted in the following year.

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Russia in 2022:

1. Kazakhstan (42.5 tons)
2. Uzbekistan (5.4 tons)
3. Armenia (4.4 tons)
4. Romania (1.8 tons)

Source: IndexBox Market Intelligence Platform