Price for Machinery; Parts of the Machinery of Heading No. 8425 in Canada - 2024
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Canada (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Canada (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Canada
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Canada
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Canada (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $18,806 per ton in 2022, with a decrease of -12.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 8.5%. As a result, the export price reached the peak level of $22,121 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Norway ($18,806 per ton) and Australia ($18,806 per ton), while the average price for exports to Singapore ($18,806 per ton) and South Korea ($18,806 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 Poland (-0.1%), while the prices for the other major destinations experienced a decline.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Canada (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $16,552 per ton in 2022, with an increase of 13% against the previous year. In general, the import price, however, saw a slight shrinkage. Over the period under review, average import prices reached the maximum at $18,874 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($16,553 per ton) and Japan ($16,553 per ton), while the price for South Korea ($16,552 per ton) and Germany ($16,552 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.3%), while the prices for the other major suppliers experienced a decline.
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Canada
In 2022, shipments abroad of machinery; parts of the machinery of heading no. 8425 was finally on the rise to reach 4.5K tons after two years of decline. In general, exports, however, saw a abrupt descent.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 skyrocketed to $85M in 2022. Overall, exports, however, recorded a deep reduction.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 83.2 | 65.0 | 43.2 | 52.2 | -14.4% |
| Japan | 1.1 | 0.9 | 12.4 | 11.5 | 118.7% |
| United Kingdom | 3.6 | 2.9 | 3.4 | 5.8 | 17.2% |
| Australia | 0.6 | 1.8 | 1.4 | 1.4 | 32.6% |
| Singapore | 1.1 | 0.3 | 1.0 | 1.4 | 8.4% |
| Poland | N/A | N/A | 0.1 | 1.4 | 1300.0% |
| Norway | 3.0 | 0.8 | 0.9 | 0.7 | -38.4% |
| Italy | 6.5 | 0.4 | 0.3 | 0.4 | -60.5% |
| Others | 12.2 | 10.4 | 9.6 | 9.7 | -7.4% |
| Total | 111 | 82.6 | 72.4 | 84.5 | -8.7% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Canada in 2022:
- United States (2774.3 tons)
- Japan (610.9 tons)
- United Kingdom (309.6 tons)
- Australia (75.9 tons)
- Poland (74.0 tons)
- Singapore (72.2 tons)
- Norway (36.6 tons)
- Italy (21.7 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Canada
In 2022, imports of machinery; parts of the machinery of heading no. 8425 into Canada dropped to 4.7K tons, with a decrease of -13.6% against 2021. The total import volume increased at an average annual rate of +1.7% over the period 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 with an increase of 43%. As a result, imports attained the peak of 5.4K tons, and then dropped in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 declined to $78M in 2022. The total import value increased at an average annual rate of +7.6% over the period 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 imports increased by 36% against the previous year. As a result, imports reached the peak of $80M, and then contracted slightly in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.7 | 25.5 | 43.4 | 41.3 | 8.1% |
| China | 11.3 | 8.3 | 13.5 | 14.4 | 8.4% |
| Germany | 5.4 | 5.0 | 5.4 | 3.7 | -11.8% |
| Sweden | 0.8 | 1.4 | 2.2 | 2.8 | 51.8% |
| India | 0.2 | 0.2 | 1.3 | 2.4 | 128.9% |
| Mexico | 0.1 | 0.4 | 1.0 | 2.1 | 175.9% |
| Italy | 1.7 | 1.5 | 1.8 | 1.9 | 3.8% |
| South Korea | 1.2 | 8.9 | 1.0 | 1.6 | 10.1% |
| Netherlands | 1.3 | 1.6 | 1.0 | 1.2 | -2.6% |
| United Kingdom | 0.8 | 0.6 | 0.6 | 1.2 | 14.5% |
| Spain | 0.6 | 0.5 | 3.4 | 0.3 | -20.6% |
| Others | 6.4 | 4.5 | 5.1 | 5.1 | -7.3% |
| Total | 62.6 | 58.4 | 79.7 | 77.9 | 7.6% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Canada in 2022:
- United States (2493.1 tons)
- China (872.2 tons)
- Germany (223.3 tons)
- Sweden (166.9 tons)
- India (142.1 tons)
- Mexico (127.0 tons)
- Italy (114.9 tons)
- South Korea (95.6 tons)
- United Kingdom (73.4 tons)
- Netherlands (70.0 tons)
- Spain (18.6 tons)
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