Price for Machinery; Parts of the Machinery of Heading No. 8425 in Germany - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Germany (FOB) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Germany (CIF) - 2023
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Germany
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Germany
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Germany (FOB) - 2023
In November 2023, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $21,557 per ton, growing by 7.3% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 46% month-to-month. As a result, the export price reached the peak level of $28,957 per ton. From July 2023 to November 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Saudi Arabia ($48,759 per ton), while the average price for exports to Australia ($15,799 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+6.5%), 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 Germany (CIF) - 2023
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $5,466 per ton in November 2023, reducing by -7.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 17% month-to-month. As a result, import price reached the peak level of $6,077 per ton. From October 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Bosnia and Herzegovina ($6,592 per ton), while the price for Brazil ($2,135 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+11.6%), 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 Germany
In 2022, exports of machinery; parts of the machinery of heading no. 8425 from Germany contracted to 6.9K tons, reducing by -12.6% compared with 2021 figures. Over the period under review, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 5% against the previous year.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 dropped significantly to $129M in 2022. Overall, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 9.9% against the previous year. As a result, the exports reached the peak of $153M, and then contracted notably in the following year.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.1 | 18.0 | 19.4 | 18.6 | -2.6% |
| France | 9.3 | 8.9 | 10.7 | 9.6 | 1.1% |
| Netherlands | 10.3 | 10.9 | 16.3 | 8.6 | -5.8% |
| United Kingdom | 9.0 | 7.6 | 6.9 | 7.8 | -4.7% |
| Austria | 7.3 | 6.9 | 7.5 | 7.2 | -0.5% |
| Poland | 4.4 | 5.2 | 5.8 | 6.7 | 15.0% |
| Italy | 5.8 | 6.3 | 7.0 | 5.7 | -0.6% |
| China | 9.0 | 10.7 | 9.7 | 4.1 | -23.1% |
| Switzerland | 5.1 | 5.6 | 4.0 | 3.9 | -8.6% |
| Belgium | 3.5 | 3.3 | 3.9 | 3.6 | 0.9% |
| Denmark | 6.6 | 5.6 | 3.5 | 3.4 | -19.8% |
| Sweden | 2.3 | 2.9 | 3.5 | 3.1 | 10.5% |
| Norway | 4.4 | 2.9 | 3.3 | 2.2 | -20.6% |
| Others | 53.0 | 44.8 | 51.9 | 44.6 | -5.6% |
| Total | 150 | 140 | 153 | 129 | -4.9% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Germany in 2022:
- Netherlands (1369.6 tons)
- United States (838.6 tons)
- Poland (498.8 tons)
- United Kingdom (436.1 tons)
- France (392.5 tons)
- Italy (387.1 tons)
- Austria (335.3 tons)
- Denmark (245.4 tons)
- Belgium (225.2 tons)
- Switzerland (187.3 tons)
- Sweden (168.6 tons)
- China (137.7 tons)
- Norway (118.9 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Germany
In 2022, purchases abroad of machinery; parts of the machinery of heading no. 8425 decreased by -0.9% to 25K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.1% 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 when imports increased by 20% against the previous year. As a result, imports attained the peak of 25K tons, leveling off in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 amounted to $113M in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 11.6 | 15.9 | 15.7 | 21.8 | 23.4% |
| China | 11.5 | 11.0 | 17.6 | 17.3 | 14.6% |
| Czech Republic | 14.3 | 13.7 | 14.5 | 13.9 | -0.9% |
| Italy | 14.4 | 8.7 | 9.5 | 9.8 | -12.0% |
| Turkey | 1.9 | 3.3 | 9.2 | 9.5 | 71.0% |
| Denmark | 4.6 | 4.7 | 5.5 | 5.0 | 2.8% |
| Netherlands | 4.5 | 3.7 | 3.8 | 3.2 | -10.7% |
| Romania | 1.1 | 2.9 | 4.9 | 2.3 | 27.9% |
| Austria | 3.5 | 1.9 | 2.0 | 2.0 | -17.0% |
| Hungary | 1.4 | 1.4 | 1.7 | 1.5 | 2.3% |
| Others | 25.3 | 20.3 | 24.3 | 26.7 | 1.8% |
| Total | 94.0 | 87.6 | 109 | 113 | 6.3% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Germany in 2022:
- Poland (7.1K tons)
- China (4.5K tons)
- Czech Republic (4.1K tons)
- Turkey (3.2K tons)
- Italy (1.1K tons)
- Hungary (0.7K tons)
- Romania (0.6K tons)
- Denmark (0.5K tons)
- Netherlands (0.4K tons)
- Austria (0.4K tons)
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