Price for Machinery; Parts of the Machinery of Heading No. 8425 in China - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in China (FOB) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in China (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in China
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in China
Price for Machinery; Parts of the Machinery of Heading No. 8425 in China (FOB) - 2023
In December 2023, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $3,683 per ton, picking up by 4.5% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 6.4% against the previous month. The export price peaked at $4,170 per ton in April 2023; however, from May 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was the UK ($5,356 per ton), while the average price for exports to Thailand ($1,306 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in China (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $18,177 per ton, waning by -2.6% against the previous year. Over the period under review, the import price recorded a perceptible setback. The pace of growth appeared the most rapid in 2020 an increase of 16% against the previous year. Over the period under review, average import prices reached the maximum at $23,478 per ton in 2012; however, from 2013 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 Norway ($52,599 per ton), while the price for Belgium ($8,079 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in China
Exports of machinery; parts of the machinery of heading no. 8425 from China expanded markedly to 69K tons in 2022, growing by 6% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 15%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 expanded remarkably to $248M in 2022. The total export value increased at an average annual rate of +12.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 60.8 | 62.7 | 78.0 | 92.1 | 14.8% |
| South Korea | 14.4 | 13.7 | 15.8 | 20.3 | 12.1% |
| Japan | 14.3 | 12.7 | 14.6 | 15.8 | 3.4% |
| Germany | 11.5 | 11.4 | 14.6 | 13.7 | 6.0% |
| France | 5.5 | 4.3 | 4.9 | 8.0 | 13.3% |
| Canada | 4.6 | 5.5 | 7.0 | 6.7 | 13.4% |
| Netherlands | 5.4 | 5.2 | 5.6 | 6.7 | 7.5% |
| Australia | 3.3 | 4.6 | 6.0 | 6.5 | 25.4% |
| Singapore | 2.1 | 5.3 | 6.0 | 5.3 | 36.2% |
| Russia | 2.3 | 2.6 | 4.2 | 5.3 | 32.1% |
| United Kingdom | 4.0 | 4.3 | 4.5 | 3.7 | -2.6% |
| Vietnam | 2.2 | 3.1 | 3.1 | 3.7 | 18.9% |
| Others | 44.5 | 40.5 | 52.9 | 60.1 | 10.5% |
| Total | 175 | 176 | 217 | 248 | 12.3% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from China in 2022:
- United States (28.3K tons)
- South Korea (7.1K tons)
- Germany (4.2K tons)
- Japan (3.9K tons)
- Netherlands (2.4K tons)
- Canada (1.9K tons)
- France (1.9K tons)
- Australia (1.4K tons)
- Russia (1.3K tons)
- Singapore (1.2K tons)
- Vietnam (1.1K tons)
- United Kingdom (0.9K tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in China
In 2022, the amount of machinery; parts of the machinery of heading no. 8425 imported into China dropped rapidly to 1.2K tons, reducing by -22.3% compared with 2021. In general, imports showed a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, imports reached the peak of 1.6K tons, and then reduced sharply in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 reduced sharply to $22M in 2022. Over the period under review, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, imports reached the peak of $29M, and then fell remarkably in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.0 | 7.7 | 6.8 | 5.0 | -14.5% |
| United States | 3.0 | 2.0 | 2.6 | 2.5 | -5.9% |
| France | 0.7 | 0.5 | 0.7 | 2.3 | 48.7% |
| Czech Republic | 0.1 | 0.4 | 2.8 | 2.2 | 180.2% |
| Japan | 3.7 | 3.1 | 2.9 | 2.2 | -15.9% |
| Italy | 1.9 | 0.5 | 0.7 | 1.1 | -16.7% |
| Netherlands | 0.3 | 0.5 | 1.3 | 1.0 | 49.4% |
| United Kingdom | 0.9 | 2.3 | 1.6 | 0.9 | 0.0% |
| Finland | 0.1 | 0.4 | 0.3 | 0.8 | 100.0% |
| Belgium | 0.1 | 0.2 | 0.9 | 0.6 | 81.7% |
| Taiwan (Chinese) | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
| South Korea | 0.7 | 0.6 | 1.4 | 0.4 | -17.0% |
| Singapore | 2.8 | 4.1 | 3.6 | 0.2 | -58.5% |
| Others | 2.1 | 1.6 | 3.5 | 2.6 | 7.4% |
| Total | 25.0 | 24.2 | 29.4 | 22.3 | -3.7% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to China in 2022:
- France (244.9 tons)
- Germany (219.8 tons)
- Czech Republic (189.4 tons)
- Japan (134.2 tons)
- Belgium (74.1 tons)
- South Korea (52.1 tons)
- United States (51.1 tons)
- Taiwan (Chinese) (43.5 tons)
- Italy (36.5 tons)
- Netherlands (31.7 tons)
- United Kingdom (22.3 tons)
- Finland (19.6 tons)
- Singapore (7.6 tons)
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