Price for Machinery; Parts of Machinery of Heading No. 8422 in the United States - 2023
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in the United States (CIF) - 2023
- Price for Machinery; Parts of Machinery of Heading No. 8422 in the United States (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in the United States
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in the United States
Price for Machinery; Parts of Machinery of Heading No. 8422 in the United States (CIF) - 2023
In December 2023, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $37,399 per ton, picking up by 6.7% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in May 2023 an increase of 18% against the previous month. The import price peaked at $37,615 per ton in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($58,045 per ton), while the price for Turkey ($5,095 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+6.4%), 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 States (FOB) - 2022
In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $118,237 per ton, rising by 7.5% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $147,872 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($223,313 per ton), while the average price for exports to the Dominican Republic ($27,434 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 Canada (+6.6%), 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 States
Imports of machinery; parts of machinery of heading no. 8422 into the United States rose remarkably to 39K tons in 2022, with an increase of 8.6% on 2021. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.0% 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 +81.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 41%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of machinery; parts of machinery of heading no. 8422 amounted to $1.3B in 2022. The total import value increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 290 | 252 | 346 | 332 | 4.6% |
| Italy | 232 | 213 | 240 | 275 | 5.8% |
| Canada | 82.6 | 78.4 | 87.6 | 98.1 | 5.9% |
| China | 72.5 | 61.1 | 83.7 | 85.9 | 5.8% |
| Japan | 46.7 | 45.1 | 41.0 | 48.4 | 1.2% |
| France | 53.4 | 39.3 | 38.7 | 45.4 | -5.3% |
| Taiwan (Chinese) | 20.6 | 17.9 | 26.6 | 28.1 | 10.9% |
| Poland | 9.5 | 12.9 | 18.1 | 26.0 | 39.9% |
| Mexico | 5.6 | 5.6 | 10.8 | 13.5 | 34.1% |
| Others | 201 | 200 | 255 | 308 | 15.3% |
| Total | 1,014 | 925 | 1,148 | 1,260 | 7.5% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to the United States in 2022:
- China (10.2K tons)
- Italy (7.7K tons)
- Germany (7.0K tons)
- Canada (2.8K tons)
- Poland (2.4K tons)
- Taiwan (Chinese) (1.8K tons)
- Mexico (0.8K tons)
- France (0.6K tons)
- Japan (0.6K tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in the United States
For the fourth consecutive year, the United States recorded growth in overseas shipments of machinery; parts of machinery of heading no. 8422, which increased by 3.9% to 3.4K tons in 2022. The total export volume increased at an average annual rate of +12.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of machinery; parts of machinery of heading no. 8422 rose markedly to $399M in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 125 | 116 | 133 | 149 | 6.0% |
| Mexico | 48.1 | 42.4 | 46.4 | 56.4 | 5.4% |
| Germany | 16.4 | 15.0 | 19.5 | 15.2 | -2.5% |
| France | 2.6 | 2.6 | 5.1 | 13.4 | 72.7% |
| Netherlands | 8.7 | 6.2 | 7.9 | 12.8 | 13.7% |
| United Kingdom | 9.5 | 16.0 | 15.2 | 12.7 | 10.2% |
| China | 12.2 | 5.1 | 5.5 | 10.0 | -6.4% |
| Italy | 6.4 | 6.1 | 8.3 | 8.8 | 11.2% |
| Guatemala | 2.8 | 3.0 | 5.9 | 7.0 | 35.7% |
| Australia | 5.5 | 6.4 | 5.8 | 6.1 | 3.5% |
| Brazil | 8.8 | 8.4 | 11.4 | 5.6 | -14.0% |
| Dominican Republic | 5.0 | 4.8 | 5.0 | 5.3 | 2.0% |
| Others | 91.5 | 82.7 | 88.0 | 96.8 | 1.9% |
| Total | 343 | 315 | 357 | 399 | 5.2% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from the United States in 2022:
- Mexico (871.3 tons)
- Canada (665.8 tons)
- Dominican Republic (193.4 tons)
- France (161.7 tons)
- Australia (113.7 tons)
- Germany (113.5 tons)
- Netherlands (95.4 tons)
- Guatemala (72.7 tons)
- Italy (72.3 tons)
- Brazil (69.7 tons)
- China (66.9 tons)
- United Kingdom (66.1 tons)
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