Price for Machinery; Parts of the Machinery of Heading No. 8427 in Australia - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Australia (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Australia (FOB) - 2023
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Australia
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Australia
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Australia (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $11,481 per ton, leveling off at the previous year. Over the period under review, the import price, however, posted a buoyant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 96% against the previous year. The import price peaked at $11,521 per ton in 2020; afterwards, it flattened through to 2022.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($11,475 per ton) and China ($11,475 per ton), while the price for Italy ($11,475 per ton) and France ($11,475 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Australia (FOB) - 2023
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $14,335 per ton in November 2023, remaining relatively unchanged against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 12% month-to-month. The export price peaked at $15,297 per ton in May 2023; however, from June 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In November 2023, the highest price was recorded for prices to Vietnam ($15,297 per ton) and Indonesia ($15,297 per ton), while the average price for exports to Singapore ($15,297 per ton) and New Zealand ($15,297 per ton) were amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Australia
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Australia rose remarkably to 6.5K tons, increasing by 14% against 2021 figures. 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 throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. Over the period under review, imports of machinery; parts of machinery of heading no. 8427 hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 rose notably to $75M in 2022. The total import value increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.9 | 20.5 | 28.0 | 32.5 | 15.9% |
| United States | 9.5 | 7.7 | 8.6 | 9.1 | -1.4% |
| Germany | 5.0 | 4.7 | 4.4 | 5.1 | 0.7% |
| Japan | 4.5 | 4.3 | 4.3 | 4.8 | 2.2% |
| Italy | 4.3 | 3.8 | 4.0 | 3.8 | -4.0% |
| France | 2.4 | 2.3 | 3.2 | 3.7 | 15.5% |
| Sweden | 3.5 | 3.8 | 5.3 | 3.6 | 0.9% |
| Others | 7.3 | 7.0 | 7.8 | 12.0 | 18.0% |
| Total | 57.3 | 54.2 | 65.6 | 74.6 | 9.2% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Australia in 2022:
- China (2828.3 tons)
- United States (796.6 tons)
- Germany (442.8 tons)
- Japan (416.5 tons)
- Italy (332.0 tons)
- France (323.6 tons)
- Sweden (317.2 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Australia
Exports of machinery; parts of the machinery of heading no. 8427 from Australia shrank significantly to 714 tons in 2022, with a decrease of -30.4% compared with 2021. Over the period under review, exports showed a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by 80% against the previous year. As a result, the exports reached the peak of 1K tons, and then reduced rapidly in the following year.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 reduced dramatically to $9.8M in 2022. Overall, exports showed a noticeable contraction. The pace of growth was the most pronounced in 2021 when exports increased by 53% against the previous year. As a result, the exports reached the peak of $12M, and then shrank significantly in the following year.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 4,071 | 2,961 | 3,978 | 2,019 | -20.8% |
| Papua New Guinea | 1,976 | 1,137 | 2,672 | 1,832 | -2.5% |
| United States | 1,564 | 1,209 | 1,147 | 1,746 | 3.7% |
| New Caledonia | 114 | 113 | 106 | 783 | 90.1% |
| Spain | 2.0 | N/A | 0.3 | 370 | 469.8% |
| Philippines | 54.2 | 44.3 | 193 | 347 | 85.7% |
| Germany | 184 | 71.8 | 37.6 | 273 | 14.1% |
| Thailand | 49.0 | 170 | 643 | 252 | 72.6% |
| Fiji | 304 | 172 | 250 | 252 | -6.1% |
| Indonesia | 303 | 102 | 288 | 243 | -7.1% |
| Cambodia | N/A | N/A | N/A | 182 | 0% |
| India | 70.7 | 56.1 | 28.0 | 160 | 31.3% |
| Saudi Arabia | 116 | 36.9 | 10.7 | 150 | 8.9% |
| Others | 2,124 | 1,991 | 2,993 | 1,150 | -18.5% |
| Total | 10,932 | 8,066 | 12,346 | 9,760 | -3.7% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Australia in 2022:
- New Zealand (147.7 tons)
- Papua New Guinea (134.1 tons)
- United States (127.8 tons)
- New Caledonia (57.3 tons)
- Spain (27.1 tons)
- Philippines (25.4 tons)
- Germany (20.0 tons)
- Thailand (18.5 tons)
- Fiji (18.5 tons)
- Indonesia (17.8 tons)
- Cambodia (13.3 tons)
- India (11.7 tons)
- Saudi Arabia (11.0 tons)
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