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

Contents:

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

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

The average import price for machinery; parts of machinery of heading no. 8422 stood at $74,812 per ton in 2022, declining by -1.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2017 when the average import price increased by 25%. Over the period under review, average import prices attained the peak figure at $83,121 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Italy ($235,155 per ton), while the price for Russia ($40,451 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.8%), 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 Kazakhstan (FOB) - 2022

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $229,052 per ton, picking up by 606% against the previous year. In general, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($1,302,650 per ton), while the average price for exports to Turkmenistan ($4,000 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 Belarus (+2,335.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the third consecutive year, Kazakhstan recorded decline in supplies from abroad of machinery; parts of machinery of heading no. 8422, which decreased by -21.1% to 80 tons in 2022. In general, imports faced a deep setback. The smallest decline of -11.3% was in 2021.

In value terms, imports of machinery; parts of machinery of heading no. 8422 contracted dramatically to $6M in 2022. Over the period under review, imports saw a deep contraction. The smallest decline of -12.3% was in 2021.

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

1. Germany (34.4 tons)
2. Russia (25.0 tons)
3. China (7.9 tons)
4. Italy (3.9 tons)
5. Turkey (3.8 tons)

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

For the third year in a row, Kazakhstan recorded decline in shipments abroad of machinery; parts of machinery of heading no. 8422, which decreased by -19.8% to 406 kg in 2022. In general, exports recorded a precipitous contraction.

In value terms, exports of machinery; parts of machinery of heading no. 8422 soared to $93K in 2022. Over the period under review, exports continue to indicate a sharp reduction.

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

1. Russia (384.0 kg)
2. Belarus (20.0 kg)

Source: IndexBox Market Intelligence Platform