Price for Machinery; Parts of the Machinery of Heading No. 8425 in Egypt - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Egypt (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Egypt (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Egypt
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Egypt
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Egypt (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $14,969 per ton, increasing by 2.3% against the previous year. In general, the import price, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the peak figure at $18,233 per ton in 2012; however, from 2013 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 Japan ($14,976 per ton) and France ($14,970 per ton), while the price for the UK ($14,720 per ton) and Belgium ($14,958 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.9%), while the prices for the other major suppliers experienced a decline.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Egypt (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $11,617 per ton in 2022, with a decrease of -10.6% against the previous year. In general, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 141% against the previous year. As a result, the export price reached the peak level of $16,996 per ton. From 2014 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 Belgium ($43,521 per ton), while the average price for exports to Nigeria ($2,910 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 (+33.6%), 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 Egypt
In 2022, the amount of machinery; parts of the machinery of heading no. 8425 imported into Egypt skyrocketed to 97 tons, increasing by 40% against 2021 figures. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.0% 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 +64.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 skyrocketed to $1.4M in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year. Over the period under review, imports of machinery; parts of machinery of heading no. 8425 reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 138 | 12.6 | 315 | 525 | 56.1% |
| South Korea | 49.1 | 56.4 | 2.2 | 228 | 66.8% |
| Taiwan (Chinese) | 14.3 | 0.1 | 2.2 | 160 | 123.7% |
| United States | 93.6 | 675 | 110 | 143 | 15.2% |
| Italy | 9.1 | 2.8 | 88.4 | 99.8 | 122.2% |
| Germany | 24.2 | 64.8 | 173 | 80.3 | 49.2% |
| Turkey | 1.1 | 10.7 | 32.8 | 53.8 | 265.7% |
| Netherlands | 8.9 | 5.7 | 38.1 | 36.2 | 59.6% |
| Belgium | 0.4 | 87.6 | 36.9 | 10.0 | 192.4% |
| France | 31.5 | 19.4 | 1.7 | 8.5 | -35.4% |
| Japan | 93.7 | 9.7 | 61.8 | 8.3 | -55.4% |
| United Kingdom | 136 | 76.5 | N/A | 0.4 | -85.7% |
| Poland | 2.0 | N/A | N/A | N/A | 0% |
| Others | 46.8 | 16.4 | 146 | 95.2 | 26.7% |
| Total | 648 | 1,037 | 1,009 | 1,449 | 30.8% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Egypt in 2022:
- China (35.1 tons)
- South Korea (15.2 tons)
- Taiwan (Chinese) (10.7 tons)
- United States (9.6 tons)
- Italy (6.7 tons)
- Germany (5.4 tons)
- Turkey (3.6 tons)
- Netherlands (2.4 tons)
- Belgium (0.7 tons)
- Japan (0.6 tons)
- France (0.6 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Egypt
In 2022, the amount of machinery; parts of the machinery of heading no. 8425 exported from Egypt surged to 22 tons, growing by 226% compared with 2021. Over the period under review, exports continue to indicate significant growth.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 soared to $251K in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | 0.2 | 187 | 93400.0% |
| Nigeria | 26.7 | 41.7 | 3.1 | 25.7 | -1.3% |
| Italy | N/A | 1.7 | N/A | 16.0 | 206.8% |
| Netherlands | N/A | N/A | 0.1 | 6.4 | 6300.0% |
| United Arab Emirates | 0.1 | 17.7 | 1.2 | 3.2 | 217.5% |
| Burundi | N/A | N/A | 6.0 | N/A | 0% |
| Lebanon | N/A | 17.0 | N/A | N/A | 0% |
| Saudi Arabia | 61.1 | 4.5 | 49.9 | N/A | -9.6% |
| Others | 3.6 | 78.4 | 25.6 | 12.7 | 52.2% |
| Total | 91.5 | 161 | 86.1 | 251 | 40.0% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Egypt in 2022:
- Switzerland (9.5 tons)
- Nigeria (8.8 tons)
- Italy (1.3 tons)
- United Arab Emirates (1.0 tons)
- Netherlands (0.7 tons)
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