Price for Machinery; Parts of the Machinery of Heading No. 8425 in Greece - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Greece (CIF) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Greece (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Greece
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Greece
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Greece (CIF) - 2023
In November 2023, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $8,413 per ton, picking up by 5.2% against the previous month. In general, the import price, however, recorded a deep contraction. The growth pace was the most rapid in April 2023 an increase of 155% m-o-m. As a result, import price reached the peak level of $20,556 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($20,690 per ton), while the price for China ($5,116 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 China (+5.5%), 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 Greece (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $19,706 per ton, standing approx. at the previous year. Overall, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 738% against the previous year. Over the period under review, the average export prices attained the peak figure at $44,313 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($310,000 per ton), while the average price for exports to Albania ($6,850 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 Norway (+59.2%), 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 Greece
In 2022, imports of machinery; parts of the machinery of heading no. 8425 into Greece rose slightly to 394 tons, growing by 2.5% compared with the year before. In general, imports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 28%.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 rose remarkably to $4.1M in 2022. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +3.9% 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 +62.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 49%. Over the period under review, imports of machinery; parts of machinery of heading no. 8425 reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,232 | 803 | 1,163 | 1,678 | 10.8% |
| China | 683 | 574 | 616 | 656 | -1.3% |
| Italy | 630 | 638 | 788 | 654 | 1.3% |
| Netherlands | 151 | 54.5 | 112 | 205 | 10.7% |
| Poland | 150 | 161 | 182 | 188 | 7.8% |
| Bulgaria | 81.5 | 62.6 | 77.9 | 153 | 23.4% |
| Spain | 120 | 77.9 | 237 | 9.5 | -57.1% |
| Others | 606 | 147 | 567 | 552 | -3.1% |
| Total | 3,655 | 2,518 | 3,744 | 4,095 | 3.9% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Greece in 2022:
- China (193.1 tons)
- Germany (99.9 tons)
- Italy (30.8 tons)
- Poland (30.7 tons)
- Bulgaria (14.8 tons)
- Netherlands (14.1 tons)
- Spain (0.4 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Greece
After three years of growth, overseas shipments of machinery; parts of the machinery of heading no. 8425 decreased by -43.5% to 11 tons in 2022. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 240%.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 declined markedly to $218K in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 664% against the previous year. As a result, the exports attained the peak of $762K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.0 | 0.8 | 161 | 89.0 | 209.6% |
| Cyprus | 27.7 | 71.4 | 39.0 | 27.3 | -0.5% |
| Israel | 1.6 | N/A | N/A | 10.5 | 87.2% |
| Romania | 6.9 | N/A | 1.4 | 8.2 | 5.9% |
| North Macedonia | 1.1 | 1.6 | N/A | 6.1 | 77.0% |
| Bulgaria | 10.4 | 19.7 | 4.3 | 5.8 | -17.7% |
| United Kingdom | N/A | 0.6 | 0.5 | 5.6 | 205.5% |
| Netherlands | 0.5 | N/A | 0.1 | 3.1 | 83.7% |
| Albania | 1.7 | 7.4 | 2.2 | 1.8 | 1.9% |
| Iraq | N/A | N/A | 50.6 | 1.6 | -96.8% |
| Norway | N/A | 17.2 | N/A | 0.3 | -86.8% |
| Nigeria | N/A | N/A | 42.9 | N/A | 0% |
| Luxembourg | N/A | 586 | N/A | N/A | 0% |
| Others | 47.0 | 58.0 | 89.2 | 58.4 | 7.5% |
| Total | 99.8 | 762 | 391 | 218 | 29.8% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Greece in 2022:
- Germany (5900.0 kg)
- Cyprus (937.0 kg)
- Romania (856.0 kg)
- Israel (741.0 kg)
- Bulgaria (445.0 kg)
- Netherlands (271.0 kg)
- Albania (267.0 kg)
- United Kingdom (264.0 kg)
- Iraq (203.0 kg)
- North Macedonia (195.0 kg)
- Norway (1.0 kg)
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