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

Contents:

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

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

In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $14,306 per ton, waning by -9.5% against the previous year. Overall, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 34%. The import price peaked at $34,553 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($30,524 per ton), while the price for Portugal ($2,600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Spain (FOB) - 2022

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $25,314 per ton, declining by -15.7% against the previous year. Overall, the export price, however, recorded a temperate expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 52%. Over the period under review, the average export prices attained the peak figure at $56,318 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 the United States ($58,091 per ton), while the average price for exports to Portugal ($4,639 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 Romania (+13.1%), 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 Spain

After three years of growth, supplies from abroad of machinery; parts of machinery of heading no. 8422 decreased by -6.7% to 16K tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of 17K tons, and then contracted in the following year.

In value terms, imports of machinery; parts of machinery of heading no. 8422 reduced rapidly to $223M in 2022. Overall, imports showed a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of $265M, and then contracted markedly in the following year.

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

1. Germany (7.7K tons)
2. Italy (1.9K tons)
3. France (1.7K tons)
4. Netherlands (1.2K tons)
5. Portugal (1.0K tons)
6. Romania (0.8K tons)

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

For the fourth year in a row, Spain recorded growth in overseas shipments of machinery; parts of machinery of heading no. 8422, which increased by 7.8% to 8.3K tons in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 48%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of machinery; parts of machinery of heading no. 8422 fell to $209M in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of $230M, and then shrank in the following year.

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

1. Portugal (2445.7 tons)
2. France (1532.6 tons)
3. Italy (487.0 tons)
4. Poland (472.7 tons)
5. United States (466.7 tons)
6. Romania (421.5 tons)
7. Germany (385.4 tons)
8. Brazil (154.1 tons)
9. Mexico (152.7 tons)
10. United Kingdom (138.3 tons)
11. Austria (129.9 tons)
12. Netherlands (127.3 tons)

Source: IndexBox Market Intelligence Platform