Price for Machinery; Parts of the Machinery of Heading No. 8427 in Argentina - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Argentina (CIF) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Argentina
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Argentina (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $13,832 per ton, picking up by 52% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 52% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($34,584 per ton), while the price for Sri Lanka ($4,184 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Argentina
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Argentina contracted notably to 556 tons, which is down by -19.8% compared with the year before. Overall, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 104% against the previous year. As a result, imports reached the peak of 693 tons, and then fell sharply in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 soared to $7.7M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +76.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Over the period under review, imports of machinery; parts of machinery of heading no. 8427 reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,060 | 895 | 1,043 | 1,785 | 19.0% |
| China | 868 | 662 | 1,626 | 1,460 | 18.9% |
| Germany | 1,108 | 999 | 1,276 | 1,335 | 6.4% |
| Brazil | 447 | 516 | 581 | 703 | 16.3% |
| Italy | 474 | 355 | 447 | 541 | 4.5% |
| Japan | 112 | 123 | 205 | 319 | 41.8% |
| United Kingdom | 59.1 | 56.3 | 110 | 211 | 52.8% |
| Sri Lanka | 33.4 | 28.4 | 74.0 | 35.5 | 2.1% |
| Others | 780 | 720 | 950 | 1,306 | 18.7% |
| Total | 4,942 | 4,355 | 6,313 | 7,696 | 15.9% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Argentina in 2022:
- China (210.7 tons)
- Brazil (97.1 tons)
- Germany (73.3 tons)
- United States (72.3 tons)
- Italy (26.9 tons)
- United Kingdom (13.1 tons)
- Japan (9.2 tons)
- Sri Lanka (8.5 tons)
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