Price for Machinery; Parts of Machinery of Heading No. 8422 in Austria - 2023

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Austria (FOB) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Austria (CIF) - 2022
3. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Austria
4. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Austria

Price for Machinery; Parts of Machinery of Heading No. 8422 in Austria (FOB) - 2022

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $21,272 per ton, which is down by -33.5% against the previous year. In general, the export price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2013 an increase of 19% against the previous year. Over the period under review, the average export prices attained the peak figure at $46,240 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($107,146 per ton), while the average price for exports to Germany ($16,353 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 Sweden (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Austria (CIF) - 2022

In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $41,903 per ton, jumping by 17% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 machinery; parts of machinery of heading no. 8422 increased by +131.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($120,784 per ton), while the price for Hungary ($8,019 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Austria

In 2022, exports of machinery; parts of machinery of heading no. 8422 from Austria surged to 10K tons, with an increase of 45% compared with the previous year. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of machinery; parts of machinery of heading no. 8422 declined modestly to $219M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. As a result, the exports reached the peak of $228M, and then fell in the following year.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Austria in 2022:

1. Germany (9.1K tons)
2. Sweden (0.3K tons)
3. Czech Republic (0.3K tons)

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Austria

For the third consecutive year, Austria recorded decline in overseas purchases of machinery; parts of machinery of heading no. 8422, which decreased by -22.4% to 4.5K tons in 2022. In general, imports saw a drastic downturn. The smallest decline of -2.6% was in 2021.

In value terms, imports of machinery; parts of machinery of heading no. 8422 contracted to $188M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports reached the peak of $207M, and then shrank in the following year.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Austria in 2022:

1. Germany (2341.6 tons)
2. Italy (503.3 tons)
3. Bulgaria (393.3 tons)
4. Croatia (187.1 tons)
5. Czech Republic (147.4 tons)
6. Sweden (145.3 tons)
7. Netherlands (136.4 tons)
8. Hungary (134.2 tons)

Source: IndexBox Market Intelligence Platform