Price for Machinery; Parts of Machinery of Heading No. 8422 in Australia - 2024
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Australia (CIF) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Australia (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Australia
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Australia
Price for Machinery; Parts of Machinery of Heading No. 8422 in Australia (CIF) - 2022
The average import price for machinery; parts of machinery of heading no. 8422 stood at $49,325 per ton in 2022, with an increase of 3.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2014 an increase of 5.5% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($113,529 per ton), while the price for Turkey ($8,329 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of Machinery of Heading No. 8422 in Australia (FOB) - 2022
In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $174,885 per ton, increasing by 17% against the previous year. Over the period under review, export price indicated a resilient expansion 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, export price for machinery; parts of machinery of heading no. 8422 increased by +83.2% against 2012 indices. The most prominent rate of growth was recorded in 2018 an increase of 25%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were New Zealand ($174,890 per ton) and the United States ($174,888 per ton), while the average price for exports to Singapore ($174,868 per ton) and Thailand ($174,883 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 South Africa (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of Machinery of Heading No. 8422 in Australia
In 2022, approx. 1.5K tons of machinery; parts of machinery of heading no. 8422 were imported into Australia; waning by -11.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 39%. As a result, imports reached the peak of 1.7K tons, and then declined in the following year.
In value terms, imports of machinery; parts of machinery of heading no. 8422 shrank to $74M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. As a result, imports attained the peak of $81M, and then fell in the following year.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.4 | 13.4 | 29.2 | 17.9 | 3.0% |
| Italy | 14.4 | 12.1 | 12.5 | 16.5 | 4.6% |
| United States | 5.6 | 5.3 | 8.1 | 5.9 | 1.8% |
| China | 5.2 | 4.3 | 5.5 | 5.4 | 1.3% |
| United Kingdom | 3.7 | 3.3 | 3.3 | 2.9 | -7.8% |
| Thailand | 0.7 | 0.9 | 1.5 | 2.3 | 48.7% |
| Japan | 1.7 | 1.5 | 1.5 | 1.7 | 0.0% |
| Netherlands | 1.7 | 1.3 | 1.4 | 1.5 | -4.1% |
| New Zealand | 0.6 | 0.6 | 0.8 | 1.2 | 26.0% |
| Austria | 0.7 | 0.7 | 0.9 | 1.1 | 16.3% |
| Taiwan (Chinese) | 0.4 | 0.4 | 0.4 | 0.9 | 31.0% |
| Slovenia | 0.2 | 0.2 | 0.5 | 0.5 | 35.7% |
| Turkey | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Others | 12.1 | 11.5 | 15.0 | 16.3 | 10.4% |
| Total | 63.2 | 55.7 | 81.0 | 74.1 | 5.4% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Australia in 2022:
- China (520.5 tons)
- Italy (167.6 tons)
- Germany (157.7 tons)
- Austria (118.4 tons)
- New Zealand (68.6 tons)
- United States (64.8 tons)
- Thailand (53.6 tons)
- Taiwan (Chinese) (48.7 tons)
- United Kingdom (47.7 tons)
- Japan (44.2 tons)
- Netherlands (26.0 tons)
- Slovenia (25.2 tons)
- Turkey (24.4 tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Australia
After two years of decline, shipments abroad of machinery; parts of machinery of heading no. 8422 increased by 14% to 226 tons in 2022. In general, exports, however, recorded a abrupt shrinkage.
In value terms, exports of machinery; parts of machinery of heading no. 8422 soared to $40M in 2022. Over the period under review, exports, however, saw a mild reduction.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.1 | 10.6 | 7.1 | 11.0 | 2.9% |
| Mexico | 9.1 | 3.2 | 5.6 | 9.1 | 0.0% |
| United Kingdom | 5.9 | 5.1 | 7.7 | 7.4 | 7.8% |
| United Arab Emirates | 2.1 | 2.5 | 1.6 | 3.3 | 16.3% |
| South Africa | 0.2 | 0.7 | 0.6 | 1.5 | 95.7% |
| Thailand | 0.6 | 0.4 | 0.4 | 1.5 | 35.7% |
| New Zealand | 1.4 | 2.1 | 2.4 | 1.2 | -5.0% |
| Singapore | 0.1 | 0.1 | 0.2 | 0.7 | 91.3% |
| Egypt | 3.0 | 0.4 | 0.4 | 0.2 | -59.5% |
| Canada | 2.9 | 3.3 | N/A | 0.1 | -67.5% |
| Others | 6.2 | 2.7 | 3.4 | 3.6 | -16.6% |
| Total | 41.6 | 31.0 | 29.5 | 39.6 | -1.6% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Australia in 2022:
- United States (62.7 tons)
- Mexico (52.3 tons)
- United Kingdom (42.5 tons)
- United Arab Emirates (18.9 tons)
- South Africa (8.5 tons)
- Thailand (8.3 tons)
- New Zealand (6.9 tons)
- Singapore (4.0 tons)
- Egypt (1.2 tons)
- Canada (0.4 tons)
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