Price for Machinery; Parts of Machinery of Heading No. 8422 in Canada - 2023

Contents:

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

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

The average import price for machinery; parts of machinery of heading no. 8422 stood at $213,655 per ton in 2022, growing by 7.1% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machinery; parts of machinery of heading no. 8422 increased by +88.8% against 2012 indices. The most prominent rate of growth was recorded in 2014 an increase of 10% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Israel ($213,822 per ton) and China ($213,758 per ton), while the price for France ($213,751 per ton) and Italy ($213,751 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+6.6%), 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 Canada (FOB) - 2022

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $143,792 per ton, waning by -18.9% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices reached the maximum at $177,313 per ton in 2021, and then dropped significantly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($143,812 per ton), while the average price for exports to China ($143,811 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 China (+2.0%), 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 Canada

In 2022, imports of machinery; parts of machinery of heading no. 8422 into Canada reduced to 1.1K tons, which is down by -5.2% against the previous year. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, imports reached the peak of 1.2K tons, and then contracted in the following year.

In value terms, imports of machinery; parts of machinery of heading no. 8422 expanded to $238M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 27%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.

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

1. United States (480.1 tons)
2. Germany (186.1 tons)
3. Italy (130.6 tons)
4. China (74.9 tons)
5. Israel (34.1 tons)
6. France (32.9 tons)
7. Japan (28.4 tons)
8. Switzerland (16.7 tons)
9. Netherlands (14.9 tons)
10. Spain (13.3 tons)

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

In 2022, shipments abroad of machinery; parts of machinery of heading no. 8422 was finally on the rise to reach 1K tons after two years of decline. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of machinery; parts of machinery of heading no. 8422 surged to $144M in 2022. The total export value increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (831.0 tons)
2. China (44.3 tons)
3. Australia (27.8 tons)

Source: IndexBox Market Intelligence Platform