Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belarus - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belarus (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belarus (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Belarus
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Belarus
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belarus (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $9,246 per ton, jumping by 29% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machinery; parts of the machinery of heading no. 8427 increased by +87.1% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 34% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($19,297 per ton), while the price for China ($2,890 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), 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 Belarus (FOB) - 2022
In March 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $4,251 per ton, reducing by -53.7% against the previous month. Overall, the export price saw a noticeable reduction. The pace of growth was the most pronounced in July 2021 an increase of 124% against the previous month. Over the period under review, the average export prices reached the peak figure at $13,943 per ton in October 2021; however, from November 2021 to March 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From March 2021 to March 2022, the rate of growth in terms of prices for Russia amounted to -4.4% per month.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Belarus
In 2022, imports of machinery; parts of the machinery of heading no. 8427 into Belarus skyrocketed to 704 tons, with an increase of 64% compared with the previous year. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.9% 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 +84.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 skyrocketed to $6.5M in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 894 | 1,084 | 1,006 | 2,135 | 33.7% |
| Italy | 186 | 579 | 474 | 1,006 | 75.5% |
| Poland | 313 | 186 | 281 | 597 | 24.0% |
| China | 259 | 151 | 265 | 562 | 29.5% |
| Russia | 173 | 135 | 216 | 458 | 38.3% |
| France | 205 | 104 | 160 | 340 | 18.4% |
| United Kingdom | 117 | 108 | 145 | 307 | 37.9% |
| Lithuania | 137 | 44.9 | 129 | 274 | 26.0% |
| Bulgaria | 83.3 | 78.1 | 129 | 273 | 48.5% |
| Others | 235 | 175 | 275 | 558 | 33.4% |
| Total | 2,603 | 2,645 | 3,079 | 6,511 | 35.7% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Belarus in 2022:
- China (194.5 tons)
- Germany (110.7 tons)
- Italy (91.9 tons)
- France (52.1 tons)
- Lithuania (50.8 tons)
- Poland (48.8 tons)
- Russia (40.1 tons)
- Bulgaria (34.5 tons)
- United Kingdom (32.8 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Belarus
In 2022, approx. 633 tons of machinery; parts of the machinery of heading no. 8427 were exported from Belarus; jumping by 251% against the year before. Over the period under review, exports continue to indicate significant growth. 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. 8427 surged to $4.8M in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.8 | 1.4 | 1.2 | 4.7 | 80.4% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 0.9 | 1.4 | 1.3 | 4.8 | 74.7% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Belarus in 2022:
- Russia (622.7 tons)
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