Price for Machinery; Parts of the Machinery of Heading No. 8425 in Thailand - 2024
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Thailand (FOB) - 2024
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Thailand (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Thailand
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Thailand
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Thailand (FOB) - 2024
In January 2024, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $5,864 per ton, reducing by -10.9% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2023 when the average export price increased by 37% against the previous month. As a result, the export price reached the peak level of $6,583 per ton, and then contracted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($9,950 per ton), while the average price for exports to Japan ($5,047 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Thailand (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $4,835 per ton, remaining constant against the previous year. Over the period under review, the import price showed notable growth. The most prominent rate of growth was recorded in 2014 an increase of 64% against the previous year. The import price peaked at $6,489 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($31,364 per ton), while the price for China ($2,877 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), 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 Thailand
In 2022, exports of machinery; parts of the machinery of heading no. 8425 from Thailand reduced to 2.9K tons, waning by -14.2% compared with the previous year's figure. Overall, exports saw a noticeable decline. The pace of growth was the most pronounced in 2021 with an increase of 14%. As a result, the exports reached the peak of 3.3K tons, and then contracted in the following year.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 shrank to $16M in 2022. Over the period under review, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. As a result, the exports attained the peak of $19M, and then contracted in the following year.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 12.3 | 12.8 | 14.3 | 10.3 | -5.7% |
| Brazil | 0.7 | 0.7 | 1.3 | 1.8 | 37.0% |
| United Kingdom | N/A | N/A | 0.2 | 1.3 | 550.0% |
| Indonesia | 0.7 | 0.2 | 0.2 | 0.9 | 8.7% |
| Kenya | 0.1 | 0.3 | 0.6 | 0.5 | 71.0% |
| Others | 4.0 | 2.2 | 2.0 | 1.7 | -24.8% |
| Total | 17.9 | 16.3 | 18.6 | 16.5 | -2.7% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Thailand in 2022:
- Japan (2025.7 tons)
- Indonesia (290.0 tons)
- Brazil (202.2 tons)
- Kenya (132.3 tons)
- United Kingdom (48.9 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Thailand
In 2022, imports of machinery; parts of the machinery of heading no. 8425 into Thailand dropped to 1.5K tons, reducing by -8.3% compared with the year before. Overall, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +2.8% 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 +50.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of 1.6K tons, and then reduced in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 fell to $7.2M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. As a result, imports attained the peak of $7.7M, and then declined in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,533 | 1,886 | 4,129 | 3,704 | 13.5% |
| Italy | 421 | 1,460 | 831 | 1,640 | 57.3% |
| Taiwan (Chinese) | 580 | 481 | 533 | 479 | -6.2% |
| Japan | 463 | 292 | 336 | 336 | -10.1% |
| Germany | 1,502 | 656 | 543 | 330 | -39.7% |
| South Korea | 96.9 | 110 | 153 | 143 | 13.9% |
| Others | 1,653 | 1,546 | 1,219 | 568 | -30.0% |
| Total | 7,249 | 6,431 | 7,746 | 7,200 | -0.2% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Thailand in 2022:
- China (1287.2 tons)
- Italy (52.3 tons)
- Taiwan (Chinese) (50.1 tons)
- Japan (39.5 tons)
- South Korea (29.1 tons)
- Germany (13.9 tons)
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