Price for Machinery; Parts of Machinery of Heading No. 8422 in Belarus - 2022

Contents:

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

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

In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $273,669 per ton, growing by 49% against the previous year. Over the period under review, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 68%. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +13.3% per year.

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

The average export price for machinery; parts of machinery of heading no. 8422 stood at $64,963 per ton in 2022, picking up by 39% against the previous year. Overall, the export price posted notable growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 73%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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 Ukraine ($110,968 per ton), while the average price for exports to Russia amounted to $59,245 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 20 tons of machinery; parts of machinery of heading no. 8422 were imported into Belarus; shrinking by -42.1% on the year before. Overall, imports showed a sharp slump. The pace of growth appeared the most rapid in 2021 when imports increased by 8.7%.

In value terms, imports of machinery; parts of machinery of heading no. 8422 shrank to $5.4M in 2022. Over the period under review, imports recorded a pronounced slump. The pace of growth was the most pronounced in 2021 when imports increased by 6.7%. As a result, imports attained the peak of $6.3M, and then reduced in the following year.

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

1. United Arab Emirates (19.7 tons)

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

In 2022, approx. 20 tons of machinery; parts of machinery of heading no. 8422 were exported from Belarus; which is down by -21.6% against the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. As a result, the exports reached the peak of 25 tons, and then fell markedly in the following year.

In value terms, exports of machinery; parts of machinery of heading no. 8422 expanded remarkably to $1.3M in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 160%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Russia (18.5 tons)
2. Ukraine (0.7 tons)

Source: IndexBox Market Intelligence Platform