Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Italy - 2023

Contents:

1. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Italy (CIF) - 2023
2. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Italy (FOB) - 2022
3. Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Italy
4. Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Italy

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Italy (CIF) - 2023

In December 2023, the average import price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 amounted to $145K per ton, growing by 120% against the previous month. In general, the import price recorded a remarkable increase. Over the period under review, average import prices hit record highs at $195K per ton in June 2023; however, from July 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($630K per ton), while the price for China totaled $92,755 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Belgium (+44.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Italy (FOB) - 2022

In 2022, the average export price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 amounted to $248,121 per ton, picking up by 73% against the previous year. In general, the export price, however, showed a noticeable contraction. The export price peaked at $325,406 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($537,915 per ton), while the average price for exports to Slovenia ($47,372 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 Mali (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Italy

In 2022, overseas purchases of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 increased by 99% to 71 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a pronounced increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 soared to $6.9M in 2022. Over the period under review, total imports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 to Italy in 2022:

1. Spain (21.7 tons)
2. Netherlands (19.8 tons)
3. Poland (9.4 tons)
4. Germany (8.4 tons)
5. France (3.0 tons)
6. Belgium (2.5 tons)
7. China (1.6 tons)
8. Romania (1.4 tons)

Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Italy

Exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 from Italy amounted to 23 tons in 2022, therefore, remained relatively stable against 2021. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 soared to $5.8M in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 from Italy in 2022:

1. Germany (4.5 tons)
2. France (2.8 tons)
3. Netherlands (2.5 tons)
4. Austria (1.6 tons)
5. Switzerland (1.3 tons)
6. Argentina (1.3 tons)
7. Slovenia (1.2 tons)
8. United States (1.1 tons)
9. Spain (1.1 tons)
10. Poland (0.7 tons)
11. Mali (0.7 tons)
12. Canada (0.5 tons)
13. Bulgaria (0.5 tons)

Source: IndexBox Market Intelligence Platform