Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Australia - 2024

Contents:

1. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Australia (CIF) - 2022
2. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Australia (FOB) - 2022
3. Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Australia
4. Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Australia

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Australia (CIF) - 2022

The average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $8,412 per ton in 2022, dropping by -7% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 9.6%. The import price peaked at $16,404 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($28,711 per ton), while the price for Belgium ($877 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced a decline.

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Australia (FOB) - 2022

In 2022, the average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $59,519 per ton, picking up by 16% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 86%. Over the period under review, the average export prices hit record highs at $65,200 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($59,559 per ton) and Denmark ($59,541 per ton), while the average price for exports to New Caledonia ($59,496 per ton) and Kiribati ($59,510 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+44.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Australia

In 2022, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 into Australia skyrocketed to 850 tons, increasing by 45% against the previous year. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 surged to $7.1M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Australia in 2022:

1. Vietnam (211.9 tons)
2. Italy (182.6 tons)
3. India (166.9 tons)
4. Austria (111.3 tons)
5. China (82.7 tons)
6. United States (16.3 tons)
7. Germany (14.2 tons)
8. Netherlands (8.9 tons)
9. Belgium (8.6 tons)

Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Australia

In 2022, after three years of growth, there was significant decline in shipments abroad of machine-tools; parts and accessories, for the machines of heading no. 8464, when their volume decreased by -46.2% to 32 tons. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 77% against the previous year.

In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 declined remarkably to $1.9M in 2022. Over the period under review, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by 68% against the previous year.

Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from Australia in 2022:

1. United States (7.5 tons)
2. Germany (6.8 tons)
3. New Zealand (4.3 tons)
4. Papua New Guinea (3.2 tons)
5. South Africa (1.3 tons)
6. Denmark (1.1 tons)
7. Kiribati (1.1 tons)
8. Mongolia (1.0 tons)
9. Egypt (0.9 tons)
10. China (0.7 tons)
11. Malaysia (0.1 tons)
12. South Korea (0.1 tons)

Source: IndexBox Market Intelligence Platform