Price for Machinery; Parts of the Machinery of Heading No. 8425 in Romania - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Romania (CIF) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Romania (FOB) - 2023
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Romania
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Romania
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Romania (CIF) - 2023
In November 2023, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $13,230 per ton, declining by -45.5% against the previous month. Overall, the import price recorded a abrupt contraction. The growth pace was the most rapid in October 2023 an increase of 69% month-to-month. Over the period under review, average import prices attained the maximum at $30,426 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($47,337 per ton), while the price for China ($3,747 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 Turkey (+19.8%), 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 Romania (FOB) - 2023
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $15,730 per ton in November 2023, remaining stable against the previous month. Over the period under review, the export price saw pronounced growth. The most prominent rate of growth was recorded in February 2023 an increase of 89% m-o-m. The export price peaked at $26,217 per ton in June 2023; however, from July 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mozambique ($80,585 per ton), while the average price for exports to the UK ($3,375 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 Japan (+681.7%), 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 Romania
In 2022, overseas purchases of machinery; parts of the machinery of heading no. 8425 decreased by -6.3% to 756 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 +7.4% 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 with an increase of 17%. As a result, imports reached the peak of 806 tons, and then declined in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 declined to $7.5M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +44.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of $8.7M, and then shrank in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,623 | 2,627 | 4,043 | 1,565 | -1.2% |
| Bulgaria | 686 | 523 | 935 | 938 | 11.0% |
| Italy | 430 | 1,091 | 778 | 761 | 21.0% |
| Germany | 683 | 659 | 631 | 726 | 2.1% |
| China | 143 | 104 | 250 | 634 | 64.3% |
| Czech Republic | 288 | 369 | 456 | 310 | 2.5% |
| Hungary | 198 | 210 | 286 | 217 | 3.1% |
| Turkey | 46.0 | 123 | 109 | 114 | 35.3% |
| Others | 1,083 | 825 | 1,235 | 2,237 | 27.4% |
| Total | 5,180 | 6,530 | 8,724 | 7,501 | 13.1% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Romania in 2022:
- Poland (153.5 tons)
- China (149.9 tons)
- Bulgaria (134.7 tons)
- Italy (69.8 tons)
- Hungary (57.7 tons)
- Germany (45.6 tons)
- Czech Republic (36.0 tons)
- Turkey (35.3 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Romania
In 2022, approx. 570 tons of machinery; parts of the machinery of heading no. 8425 were exported from Romania; waning by -6.1% on the previous year. Over the period under review, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 reduced rapidly to $4.7M in 2022. Overall, exports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 58%. As a result, the exports attained the peak of $6M, and then fell sharply in the following year.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 630 | 55.2 | 0.6 | 1,019 | 17.4% |
| Netherlands | 1,002 | 642 | 963 | 806 | -7.0% |
| Norway | 2,131 | 493 | 856 | 659 | -32.4% |
| China | 19.6 | N/A | 295 | 624 | 216.9% |
| Spain | 469 | 351 | 340 | 501 | 2.2% |
| Denmark | 30.8 | 15.5 | 55.2 | 294 | 112.1% |
| Italy | 4.8 | 275 | 389 | 266 | 281.3% |
| Germany | 448 | 249 | 1,014 | 134 | -33.1% |
| Others | 551 | 1,720 | 2,092 | 387 | -11.1% |
| Total | 5,286 | 3,801 | 6,004 | 4,690 | -3.9% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Romania in 2022:
- Turkey (175.9 tons)
- Spain (89.2 tons)
- Netherlands (86.7 tons)
- China (70.0 tons)
- Norway (46.4 tons)
- Denmark (42.2 tons)
- Italy (18.3 tons)
- Germany (14.4 tons)
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