Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belgium - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belgium (FOB) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belgium (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Belgium
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Belgium
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belgium (FOB) - 2023
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $18,553 per ton in October 2023, picking up by 1.6% against the previous month. Overall, export price indicated a remarkable increase from October 2022 to October 2023: its price increased at an average monthly rate of +6.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for machinery; parts of the machinery of heading no. 8427 increased by +52.0% against June 2023 indices. The growth pace was the most rapid in November 2022 when the average export price increased by 46% against the previous month. Over the period under review, the average export prices reached the peak figure in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($29,908 per ton), while the average price for exports to Egypt ($2,181 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belgium (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $6,659 per ton, surging by 18% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The import price peaked at $12,366 per ton in 2014; however, from 2015 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 France ($17,680 per ton), while the price for Sri Lanka ($2,720 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Belgium
For the fourth year in a row, Belgium recorded growth in overseas shipments of machinery; parts of the machinery of heading no. 8427, which increased by 13% to 46K tons in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 108% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 shrank to $362M in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year.
Export of Machinery; Parts of the Machinery of Heading No. 8427 in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 40.0 | 51.1 | 72.2 | 79.5 | 25.7% |
Germany | 23.0 | 41.9 | 47.4 | 43.3 | 23.5% |
Netherlands | 21.0 | 39.7 | 35.4 | 28.1 | 10.2% |
Spain | 8.4 | 16.6 | 25.1 | 26.0 | 45.7% |
Poland | 10.7 | 13.6 | 21.1 | 20.9 | 25.0% |
United Kingdom | 8.4 | 20.6 | 17.4 | 17.7 | 28.2% |
Italy | 7.1 | 10.0 | 14.0 | 11.9 | 18.8% |
Sweden | 5.6 | 26.2 | 34.8 | 11.6 | 27.5% |
Finland | 2.7 | 4.1 | 7.2 | 9.1 | 49.9% |
Romania | 3.2 | 4.0 | 4.9 | 4.9 | 15.3% |
Slovakia | 2.0 | 1.9 | 3.0 | 3.7 | 22.8% |
Others | 48.4 | 53.3 | 100 | 106 | 29.9% |
Total | 181 | 283 | 383 | 362 | 26.0% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Belgium in 2022:
- France (12.6K tons)
- Netherlands (5.8K tons)
- Germany (4.8K tons)
- Poland (2.9K tons)
- Finland (2.8K tons)
- Sweden (2.8K tons)
- Spain (1.8K tons)
- Romania (1.4K tons)
- United Kingdom (1.4K tons)
- Slovakia (1.4K tons)
- Italy (1.3K tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Belgium
In 2022, supplies from abroad of machinery; parts of the machinery of heading no. 8427 decreased by -14.2% to 41K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of 48K tons, and then declined in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 totaled $272M 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 +19.7% 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 +71.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 35%. Imports peaked in 2022 and are likely to see steady growth in years to come.
Import of Machinery; Parts of the Machinery of Heading No. 8427 in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 45.9 | 59.4 | 71.7 | 65.6 | 12.6% |
Sweden | 23.8 | 39.7 | 50.9 | 36.3 | 15.1% |
Netherlands | 29.0 | 28.5 | 37.1 | 35.7 | 7.2% |
Italy | 13.8 | 16.2 | 24.7 | 24.5 | 21.1% |
China | 10.1 | 9.2 | 16.9 | 23.7 | 32.9% |
France | 9.1 | 12.6 | 16.2 | 17.8 | 25.1% |
Slovakia | 2.9 | 3.7 | 7.0 | 8.9 | 45.3% |
Turkey | 3.9 | 3.3 | 6.9 | 8.7 | 30.7% |
Czech Republic | 2.2 | 2.6 | 4.4 | 4.4 | 26.0% |
Sri Lanka | 0.6 | 0.1 | 0.1 | 4.0 | 88.2% |
North Macedonia | 1.3 | 1.4 | 1.9 | 2.7 | 27.6% |
Others | 16.0 | 22.8 | 32.3 | 39.8 | 35.5% |
Total | 159 | 199 | 270 | 272 | 19.6% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Belgium in 2022:
- China (8.7K tons)
- Netherlands (7.9K tons)
- Germany (5.6K tons)
- Sweden (5.1K tons)
- Slovakia (2.7K tons)
- Turkey (2.4K tons)
- Italy (1.7K tons)
- Sri Lanka (1.5K tons)
- Czech Republic (1.1K tons)
- France (1.0K tons)
- North Macedonia (0.9K tons)
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