Price for Machinery; Parts of the Machinery of Heading No. 8425 in Belgium - 2023

Contents:

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

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

In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $9,085 per ton, with an increase of 7.3% against the previous year. Overall, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $13,883 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 the Czech Republic ($18,683 per ton), while the price for Sweden ($4,173 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), 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 Belgium (FOB) - 2022

In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $13,256 per ton, which is down by -11.1% against the previous year. Overall, the export price showed a deep downturn. The growth pace was the most rapid in 2013 an increase of 27% against the previous year. As a result, the export price attained the peak level of $31,741 per ton. From 2014 to 2022, the average export prices remained 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 India ($34,103 per ton), while the average price for exports to France ($5,145 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 the UK (+0.9%), 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 Belgium

Imports of machinery; parts of the machinery of heading no. 8425 into Belgium dropped dramatically to 4.6K tons in 2022, which is down by -21.6% compared with 2021. Over the period under review, imports showed a slight downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. As a result, imports reached the peak of 5.9K tons, and then reduced dramatically in the following year.

In value terms, imports of machinery; parts of the machinery of heading no. 8425 declined notably to $42M in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. As a result, imports reached the peak of $50M, and then fell remarkably in the following year.

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

1. Poland (1360.5 tons)
2. China (933.2 tons)
3. Germany (690.5 tons)
4. Netherlands (442.6 tons)
5. Italy (274.9 tons)
6. France (197.6 tons)
7. Czech Republic (127.7 tons)
8. Sweden (117.1 tons)

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

For the fourth consecutive year, Belgium recorded growth in shipments abroad of machinery; parts of the machinery of heading no. 8425, which increased by 13% to 3K tons in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, the exports of machinery; parts of machinery of heading no. 8425 reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of machinery; parts of the machinery of heading no. 8425 reached $40M in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 11% 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 likely to see steady growth in the immediate term.

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

1. France (934.0 tons)
2. Netherlands (904.6 tons)
3. United States (404.1 tons)
4. Germany (190.9 tons)
5. China (66.0 tons)
6. Italy (59.2 tons)
7. United Kingdom (55.3 tons)
8. Denmark (29.0 tons)
9. Spain (24.0 tons)
10. India (20.9 tons)

Source: IndexBox Market Intelligence Platform