Price for Machinery; Parts of Machinery of Heading No. 8422 in Pakistan - 2023
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Pakistan (CIF) - 2023
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Pakistan (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Pakistan
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Pakistan
Price for Machinery; Parts of Machinery of Heading No. 8422 in Pakistan (CIF) - 2023
The average import price for machinery; parts of machinery of heading no. 8422 stood at $28,924 per ton in July 2023, picking up by 6.6% against the previous month. In general, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in August 2022 an increase of 26% m-o-m. As a result, import price reached the peak level of $74,277 per ton. From September 2022 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($30,332 per ton), while the price for Turkey ($20,113 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (-3.8%), while the prices for the other major suppliers experienced a decline.
Price for Machinery; Parts of Machinery of Heading No. 8422 in Pakistan (FOB) - 2022
In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $18,111 per ton, with an increase of 132% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 132% against the previous year. Over the period under review, the average export prices attained the maximum at $19,628 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($60,841 per ton), while the average price for exports to Bahrain ($3,292 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 Indonesia (+33.3%), 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 Pakistan
Imports of machinery; parts of machinery of heading no. 8422 into Pakistan surged to 292 tons in 2022, picking up by 20% on the previous year. Overall, imports, however, showed a abrupt shrinkage.
In value terms, imports of machinery; parts of machinery of heading no. 8422 reached $15M in 2022. Over the period under review, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 17%.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 7.0 | 2.7 | 3.5 | 6.8 | -1.0% |
| Germany | 2.7 | 2.2 | 3.3 | 2.5 | -2.5% |
| China | 1.7 | 1.2 | 0.7 | 1.1 | -13.5% |
| Sweden | 0.8 | 1.6 | 1.0 | 0.8 | 0.0% |
| Austria | 0.6 | 0.5 | 0.7 | 0.7 | 5.3% |
| South Korea | 0.2 | 0.1 | 0.2 | 0.7 | 51.8% |
| Thailand | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| France | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| United States | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| United Arab Emirates | 3.0 | 2.4 | 2.2 | N/A | -14.4% |
| Others | 2.2 | 1.7 | 2.7 | 1.9 | -4.8% |
| Total | 18.8 | 12.8 | 15.0 | 15.2 | -6.8% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Pakistan in 2022:
- Italy (120.9 tons)
- Germany (53.0 tons)
- China (25.7 tons)
- South Korea (18.0 tons)
- Sweden (15.4 tons)
- Austria (11.7 tons)
- Thailand (5.2 tons)
- France (3.4 tons)
- United States (2.6 tons)
- United Arab Emirates (0.5 tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Pakistan
For the third consecutive year, Pakistan recorded decline in overseas shipments of machinery; parts of machinery of heading no. 8422, which decreased by -13.6% to 30 tons in 2022. Overall, exports continue to indicate a sharp decline.
In value terms, exports of machinery; parts of machinery of heading no. 8422 skyrocketed to $540K in 2022. Over the period under review, exports showed a abrupt contraction.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.3 | 8.5 | N/A | 273 | 494.4% |
| Switzerland | 1.5 | 6.1 | 63.1 | 82.3 | 280.0% |
| United Arab Emirates | N/A | 11.2 | 83.5 | 43.3 | 96.6% |
| Nigeria | N/A | N/A | N/A | 31.0 | 0% |
| Ecuador | 20.0 | 13.7 | 11.9 | 22.9 | 4.6% |
| United Kingdom | 3.6 | 1.9 | N/A | 21.4 | 81.1% |
| South Africa | 8.5 | 0.6 | N/A | 13.8 | 17.5% |
| Indonesia | N/A | N/A | 3.6 | 10.2 | 183.3% |
| Bulgaria | 8.5 | N/A | N/A | 9.5 | 3.8% |
| Peru | N/A | N/A | 5.6 | 8.0 | 42.9% |
| China | N/A | 5.2 | 3.8 | 4.5 | -7.0% |
| New Zealand | N/A | 0.4 | 0.3 | 2.5 | 150.0% |
| Bahrain | N/A | N/A | 2.3 | 2.0 | -13.0% |
| Others | 905 | 210 | 95.4 | 15.0 | -74.5% |
| Total | 949 | 257 | 269 | 540 | -17.1% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Pakistan in 2022:
- Switzerland (9.0 tons)
- Malaysia (4.5 tons)
- Ecuador (4.0 tons)
- United Arab Emirates (1.9 tons)
- Bulgaria (1.8 tons)
- United Kingdom (1.7 tons)
- South Africa (1.2 tons)
- Nigeria (1.2 tons)
- Indonesia (0.8 tons)
- New Zealand (0.7 tons)
- Bahrain (0.6 tons)
- China (0.6 tons)
- Peru (0.6 tons)
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