Price for Machinery; Parts of Machinery of Heading No. 8422 in the United Arab Emirates - 2022

Contents:

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

Price for Machinery; Parts of Machinery of Heading No. 8422 in the United Arab Emirates (CIF) - 2022

The average import price for machinery; parts of machinery of heading no. 8422 stood at $87,642 per ton in 2022, rising by 50% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 decreased by -11.8% against 2019 indices. Over the period under review, average import prices reached the maximum at $105,807 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 ($187,069 per ton), while the price for Turkey ($10,184 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.4%), 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 the United Arab Emirates (FOB) - 2022

The average export price for machinery; parts of machinery of heading no. 8422 stood at $59,501 per ton in 2022, surging by 351% against the previous year. In general, the export price showed resilient 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 Saudi Arabia ($259,257 per ton), while the average price for exports to Uzbekistan ($4,234 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 Saudi Arabia (+26.5%), 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 the United Arab Emirates

In 2022, the amount of machinery; parts of machinery of heading no. 8422 imported into the United Arab Emirates fell significantly to 602 tons, shrinking by -45.4% against the previous year. In general, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 156%. As a result, imports attained the peak of 1.1K tons, and then dropped sharply in the following year.

In value terms, imports of machinery; parts of machinery of heading no. 8422 reduced dramatically to $53M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. As a result, imports attained the peak of $64M, and then reduced notably in the following year.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to the United Arab Emirates in 2022:

1. China (105.8 tons)
2. Germany (87.8 tons)
3. Italy (83.8 tons)
4. India (50.8 tons)
5. Austria (43.2 tons)
6. Turkey (41.2 tons)
7. Sweden (24.5 tons)
8. Australia (23.2 tons)
9. South Africa (18.2 tons)
10. United States (17.8 tons)
11. United Kingdom (16.4 tons)
12. Taiwan (Chinese) (13.4 tons)
13. France (11.3 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in the United Arab Emirates

In 2022, shipments abroad of machinery; parts of machinery of heading no. 8422 decreased by -56.4% to 622 tons, falling for the second consecutive year after two years of growth. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 439%. As a result, the exports reached the peak of 2.1K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of machinery; parts of machinery of heading no. 8422 skyrocketed to $37M in 2022. Over the period under review, exports, however, continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from the United Arab Emirates in 2022:

1. Iran (144.0 tons)
2. India (97.3 tons)
3. Pakistan (72.0 tons)
4. Nigeria (41.5 tons)
5. Uzbekistan (40.5 tons)
6. Saudi Arabia (40.2 tons)
7. Jordan (37.0 tons)
8. Iraq (22.3 tons)
9. Sweden (11.1 tons)
10. Oman (11.0 tons)
11. South Africa (10.0 tons)

Source: IndexBox Market Intelligence Platform