Price for Machinery; Parts of the Machinery of Heading No. 8425 in Hungary - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Hungary (CIF) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Hungary (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Hungary
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Hungary
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Hungary (CIF) - 2023
In November 2023, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $5,243 per ton, remaining relatively unchanged against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 30% m-o-m. As a result, import price attained the peak level of $5,777 per ton. From June 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 Serbia ($52,971 per ton), while the price for China amounted to $3,242 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Finland (+16.9%), 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 Hungary (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $5,937 per ton in 2022, falling by -8.5% against the previous year. In general, the export price showed a mild descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40%. The export price peaked at $8,396 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($12,937 per ton), while the average price for exports to Austria ($3,187 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 Netherlands (+12.9%), 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 Hungary
For the fourth year in a row, Hungary recorded growth in supplies from abroad of machinery; parts of the machinery of heading no. 8425, which increased by 7.2% to 1.7K tons in 2022. The total import volume increased at an average annual rate of +12.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 fell markedly to $6.9M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports attained the peak of $10M, and then contracted remarkably in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 1,985 | 1,815 | 2,257 | 2,575 | 9.1% |
| Germany | 1,173 | 1,130 | 1,996 | 1,422 | 6.6% |
| China | 628 | 1,161 | 1,510 | 539 | -5.0% |
| Finland | 10.1 | 496 | 541 | 535 | 275.6% |
| Italy | 454 | 653 | 773 | 415 | -2.9% |
| Slovakia | 491 | 408 | 1,050 | 362 | -9.7% |
| Sweden | 156 | 139 | 62.4 | 104 | -12.6% |
| Others | 729 | 888 | 1,800 | 903 | 7.4% |
| Total | 5,625 | 6,689 | 9,990 | 6,854 | 6.8% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Hungary in 2022:
- Austria (938.7 tons)
- China (170.9 tons)
- Germany (133.7 tons)
- Slovakia (123.9 tons)
- Sweden (65.0 tons)
- Finland (61.5 tons)
- Italy (53.9 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Hungary
In 2022, overseas shipments of machinery; parts of the machinery of heading no. 8425 were finally on the rise to reach 1K tons after two years of decline. Overall, total exports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 soared to $6.2M in 2022. In general, exports, however, showed a perceptible decline.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4,670 | 2,817 | 1,645 | 2,046 | -24.0% |
| Austria | 402 | 662 | 994 | 1,949 | 69.2% |
| Netherlands | 312 | 304 | 331 | 431 | 11.4% |
| Serbia | 158 | 326 | 352 | 285 | 21.7% |
| Poland | 264 | 187 | 184 | 182 | -11.7% |
| Romania | 241 | 211 | 272 | 138 | -17.0% |
| Italy | 70.4 | 70.8 | 94.2 | 99.3 | 12.1% |
| Others | 663 | 560 | 633 | 1,088 | 18.0% |
| Total | 6,781 | 5,137 | 4,506 | 6,218 | -2.8% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Hungary in 2022:
- Austria (611.5 tons)
- Germany (158.1 tons)
- Netherlands (50.7 tons)
- Poland (48.0 tons)
- Romania (37.5 tons)
- Serbia (30.8 tons)
- Italy (21.4 tons)
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