Price for Machinery; Parts of the Machinery of Heading No. 8425 in Australia - 2024

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Australia (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Australia (FOB) - 2022
3. Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Australia
4. Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Australia

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Australia (CIF) - 2022

The average import price for machinery; parts of the machinery of heading no. 8425 stood at $14,969 per ton in 2022, with an increase of 2.4% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 the machinery of heading no. 8425 decreased by -2.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 25%. Over the period under review, average import prices reached the maximum at $15,288 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($14,969 per ton) and Japan ($14,969 per ton), while the price for Canada ($14,969 per ton) and the UK ($14,969 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Australia (FOB) - 2022

The average export price for machinery; parts of the machinery of heading no. 8425 stood at $21,377 per ton in 2022, with an increase of 12% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 35%. Over the period under review, the average export prices reached the peak figure at $22,085 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Africa ($21,377 per ton) and the United States ($21,377 per ton), while the average price for exports to Chile ($21,375 per ton) and Canada ($21,376 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Australia

In 2022, the amount of machinery; parts of the machinery of heading no. 8425 imported into Australia soared to 1.6K tons, with an increase of 15% against 2021 figures. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of machinery; parts of the machinery of heading no. 8425 soared to $24M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Australia in 2022:

1. China (428.4 tons)
2. United States (297.3 tons)
3. Germany (176.5 tons)
4. Canada (175.8 tons)
5. Italy (75.5 tons)
6. United Kingdom (61.8 tons)
7. Denmark (49.3 tons)
8. Sweden (42.4 tons)
9. Spain (40.2 tons)
10. Taiwan (Chinese) (30.8 tons)
11. Japan (30.4 tons)
12. Poland (25.5 tons)
13. Belgium (24.3 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Australia

In 2022, the amount of machinery; parts of the machinery of heading no. 8425 exported from Australia fell modestly to 740 tons, shrinking by -2.9% on the previous year's figure. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% 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 +59.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. As a result, the exports reached the peak of 763 tons, and then contracted in the following year.

In value terms, exports of machinery; parts of the machinery of heading no. 8425 expanded sharply to $16M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +69.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8425 attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Australia in 2022:

1. New Caledonia (331.2 tons)
2. Papua New Guinea (104.3 tons)
3. United States (59.2 tons)
4. New Zealand (54.5 tons)
5. Indonesia (28.3 tons)
6. Singapore (27.7 tons)
7. Canada (16.8 tons)
8. Thailand (7.3 tons)
9. Chile (2.4 tons)
10. South Africa (1.9 tons)
11. Mongolia (0.1 tons)

Source: IndexBox Market Intelligence Platform