Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in India - 2023
Contents:
- Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in India (CIF) - 2023
- Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in India (FOB) - 2022
- Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in India
- Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in India
Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in India (CIF) - 2023
In November 2023, the average import price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 amounted to $7,268 per ton, jumping by 37% against the previous month. Overall, the import price, however, recorded a slight slump. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 64% against the previous month. As a result, import price reached the peak level of $10,357 per ton. From July 2023 to November 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -0.7% per month.
Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in India (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 $37,416 per ton, shrinking by -42.7% against the previous year. In general, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 421%. The export price peaked at $98,225 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($187,440 per ton), while the average price for exports to Botswana ($5,274 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 Mozambique (+40.3%), 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 India
Imports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 into India dropped to 687 tons in 2022, waning by -8.9% on the year before. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 217% against the previous year. As a result, imports reached the peak of 755 tons, and then contracted in the following year.
In value terms, imports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 skyrocketed to $4.9M in 2022. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 82% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.5 | 1.7 | 3.1 | 4.6 | 22.5% |
| Hong Kong SAR | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Total | 2.6 | 1.9 | 3.4 | 4.9 | 23.5% |
Top Suppliers of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 to India in 2022:
- China (673.9 tons)
- Hong Kong SAR (9.2 tons)
Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in India
In 2022, the amount of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 exported from India contracted remarkably to 495 kg, waning by -74.8% on 2021. Overall, exports saw a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. As a result, the exports attained the peak of 2 tons, and then reduced markedly in the following year.
In value terms, exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 dropped notably to $19K in 2022. Over the period under review, exports showed a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 86%. As a result, the exports attained the peak of $129K, and then fell sharply in the following year.
| Export of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | N/A | N/A | N/A | 4.7 | 0% |
| Nigeria | N/A | N/A | N/A | 3.5 | 0% |
| Singapore | N/A | 0.1 | 6.0 | 2.7 | 419.6% |
| China | 1.1 | 5.3 | 0.4 | 2.0 | 22.1% |
| Bhutan | 1.3 | 1.3 | 1.0 | 1.0 | -8.4% |
| Botswana | N/A | N/A | N/A | 0.7 | 0% |
| France | N/A | N/A | N/A | 0.5 | 0% |
| Mauritius | N/A | N/A | N/A | 0.3 | 0% |
| United States | 10.5 | 31.4 | 81.7 | 0.2 | -73.3% |
| United Kingdom | 10.3 | 11.6 | N/A | N/A | 12.6% |
| Burkina Faso | N/A | 5.9 | N/A | N/A | 0% |
| Nepal | 2.2 | 0.6 | 3.3 | N/A | 22.5% |
| Tanzania | 6.6 | N/A | 1.6 | N/A | -50.8% |
| Others | 41.9 | 13.0 | 34.4 | 2.9 | -58.9% |
| Total | 74.0 | 69.2 | 129 | 18.5 | -37.0% |
Top Export Markets for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 from India in 2022:
- Botswana (135.0 kg)
- Bhutan (60.0 kg)
- France (60.0 kg)
- Nigeria (59.0 kg)
- China (52.0 kg)
- Mauritius (30.0 kg)
- Singapore (25.0 kg)
- Mozambique (25.0 kg)
- United States (5.0 kg)
- Nepal (2.0 kg)
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This report provides an in-depth analysis of the computing machinery market in India.
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This report provides an in-depth analysis of the global computing machinery market.
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