Price for Machinery; Parts of Machinery of Heading No. 8422 in Hungary - 2023
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Hungary (CIF) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Hungary (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Hungary
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Hungary
Price for Machinery; Parts of Machinery of Heading No. 8422 in Hungary (CIF) - 2022
In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $21,601 per ton, rising by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. Over the period under review, average import prices attained the peak figure at $63,493 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($51,444 per ton), while the price for Austria ($7,471 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Machinery; Parts of Machinery of Heading No. 8422 in Hungary (FOB) - 2022
In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $15,234 per ton, picking up by 40% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +69.2% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Switzerland ($38,106 per ton), while the average price for exports to Poland ($4,844 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 Italy (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machinery; Parts of Machinery of Heading No. 8422 in Hungary
In 2022, overseas purchases of machinery; parts of machinery of heading no. 8422 decreased by -18.7% to 2.8K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of 3.4K tons, and then contracted sharply in the following year.
In value terms, imports of machinery; parts of machinery of heading no. 8422 contracted modestly to $60M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.4 | 29.1 | 29.3 | 25.0 | 2.2% |
| Italy | 5.0 | 5.8 | 9.2 | 9.0 | 21.6% |
| Netherlands | 0.9 | 3.7 | 1.2 | 3.6 | 58.7% |
| France | 2.2 | 2.2 | 1.7 | 3.4 | 15.6% |
| Romania | 0.4 | 1.0 | 1.7 | 3.1 | 97.9% |
| Denmark | 2.0 | 2.4 | 1.3 | 2.2 | 3.2% |
| Poland | 1.2 | 1.4 | 0.8 | 1.9 | 16.6% |
| Czech Republic | 1.2 | 0.8 | 1.3 | 1.6 | 10.1% |
| Austria | 1.5 | 1.6 | 5.2 | 1.2 | -7.2% |
| China | 0.4 | 0.8 | 1.1 | 1.1 | 40.1% |
| Slovakia | 0.8 | 0.4 | 1.2 | 1.1 | 11.2% |
| Others | 6.6 | 7.7 | 7.1 | 6.5 | -0.5% |
| Total | 45.5 | 56.9 | 61.1 | 59.8 | 9.5% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Hungary in 2022:
- Germany (1267.1 tons)
- Italy (382.9 tons)
- Poland (184.2 tons)
- Austria (163.4 tons)
- Romania (162.5 tons)
- Denmark (101.7 tons)
- France (89.5 tons)
- Netherlands (70.9 tons)
- Czech Republic (56.9 tons)
- China (54.7 tons)
- Slovakia (50.0 tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Hungary
In 2022, after three years of growth, there was significant decline in shipments abroad of machinery; parts of machinery of heading no. 8422, when their volume decreased by -25.9% to 2.1K tons. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 23%. As a result, the exports reached the peak of 2.8K tons, and then dropped rapidly in the following year.
In value terms, exports of machinery; parts of machinery of heading no. 8422 expanded slightly to $32M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.9 | 8.3 | 15.1 | 12.8 | 29.5% |
| Switzerland | 5.4 | 5.6 | 7.0 | 11.7 | 29.4% |
| Netherlands | 1.7 | 1.8 | 2.3 | 1.8 | 1.9% |
| Austria | 0.5 | 0.5 | 1.7 | 1.6 | 47.4% |
| France | 0.3 | 0.3 | 0.4 | 0.7 | 32.6% |
| Poland | 1.3 | 1.5 | 1.0 | 0.4 | -32.5% |
| Others | 3.4 | 5.3 | 3.4 | 3.0 | -4.1% |
| Total | 18.5 | 23.3 | 30.9 | 32.0 | 20.0% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Hungary in 2022:
- Germany (1447.2 tons)
- Switzerland (307.4 tons)
- Austria (82.4 tons)
- Poland (81.4 tons)
- Netherlands (64.0 tons)
- France (32.5 tons)
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