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

Contents:

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

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

The average import price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 stood at $58,208 per ton in 2022, reducing by -34.7% against the previous year. In general, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2013 an increase of 127% against the previous year. Over the period under review, average import prices reached the peak figure at $376,191 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($111,000 per ton), while the price for Japan ($13,771 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.9%), 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 Belgium (FOB) - 2022

The average export price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 stood at $136,103 per ton in 2022, picking up by 4.7% against the previous year. Over the period under review, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 68% against the previous year. The export price peaked at $266,128 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($259,111 per ton), while the average price for exports to Italy ($57,000 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 (+31.1%), 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 Belgium

In 2022, approx. 47 tons of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 were imported into Belgium; surging by 42% against the previous year's figure. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 122%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady 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 shrank to $2.7M in 2022. In general, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 28%.

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

1. China (19.1 tons)
2. France (15.0 tons)
3. Japan (3.8 tons)
4. United Kingdom (2.8 tons)
5. Netherlands (2.0 tons)
6. Taiwan (Chinese) (1.3 tons)
7. Germany (1.0 tons)

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

In 2022, overseas shipments of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 decreased by -42% to 5.4 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 347%. As a result, the exports reached the peak of 9.3 tons, and then fell significantly in the following year.

In value terms, exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 shrank significantly to $732K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 651%. As a result, the exports attained the peak of $1.2M, and then dropped significantly in the following year.

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

1. Germany (3891.0 kg)
2. France (464.0 kg)
3. Sweden (298.0 kg)
4. Norway (66.0 kg)
5. Netherlands (61.0 kg)
6. Hong Kong SAR (59.0 kg)
7. South Africa (23.0 kg)
8. Malaysia (1.0 kg)

Source: IndexBox Market Intelligence Platform