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

Contents:

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

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

The average import price for machinery; parts of machinery of heading no. 8422 stood at $77,434 per ton in 2022, increasing by 27% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.2% 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 +54.6% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 51% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($131,268 per ton), while the price for Bulgaria ($18,032 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+20.9%), 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 Finland (FOB) - 2022

The average export price for machinery; parts of machinery of heading no. 8422 stood at $105,405 per ton in 2022, growing by 29% against the previous year. In general, the export price, however, saw a slight descent. The most prominent rate of growth was recorded in 2017 an increase of 38%. Over the period under review, the average export prices attained the maximum at $125,445 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($210,933 per ton), while the average price for exports to Estonia ($16,034 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 Norway (+12.6%), 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 Finland

In 2022, after three years of growth, there was significant decline in purchases abroad of machinery; parts of machinery of heading no. 8422, when their volume decreased by -42% to 321 tons. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 when imports increased by 38% against the previous year.

In value terms, imports of machinery; parts of machinery of heading no. 8422 dropped markedly to $25M in 2022. Overall, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. As a result, imports attained the peak of $34M, and then reduced sharply in the following year.

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

1. Germany (113.1 tons)
2. Sweden (61.2 tons)
3. Italy (44.0 tons)
4. Denmark (27.5 tons)
5. France (14.0 tons)
6. Poland (13.3 tons)
7. Slovenia (11.7 tons)
8. Taiwan (Chinese) (7.5 tons)
9. Bulgaria (6.3 tons)
10. Netherlands (5.4 tons)
11. Estonia (1.3 tons)

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

In 2022, approx. 195 tons of machinery; parts of machinery of heading no. 8422 were exported from Finland; with a decrease of -26% against 2021 figures. Over the period under review, total exports indicated a noticeable expansion from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 84%. As a result, the exports attained the peak of 263 tons, and then declined notably in the following year.

In value terms, exports of machinery; parts of machinery of heading no. 8422 dropped to $21M in 2022. In general, exports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, the exports attained the peak of $22M, and then shrank slightly in the following year.

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

1. United States (29.9 tons)
2. Estonia (22.9 tons)
3. Germany (19.6 tons)
4. United Kingdom (16.8 tons)
5. Sweden (14.1 tons)
6. France (9.4 tons)
7. Russia (9.2 tons)
8. Netherlands (7.5 tons)
9. Poland (6.3 tons)
10. Norway (5.8 tons)
11. Latvia (4.8 tons)
12. Austria (4.6 tons)
13. China (3.8 tons)

Source: IndexBox Market Intelligence Platform