Price for Machinery; Parts of the Machinery of Heading No. 8427 in Chile - 2023

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Chile (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Chile (FOB) - 2022
3. Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Chile
4. Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Chile

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Chile (CIF) - 2022

In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $21,235 per ton, shrinking by -12% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 10%. The import price peaked at $26,179 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the Czech Republic ($44,835 per ton), while the price for China ($7,719 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Chile (FOB) - 2022

In 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $30,525 per ton, jumping by 68% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machinery; parts of the machinery of heading no. 8427 increased by +158.5% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($45,741 per ton), while the average price for exports to Colombia ($6,151 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+44.1%), 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 Chile

In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Chile soared to 1K tons, increasing by 24% on the year before. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.0% 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 +57.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of machinery; parts of the machinery of heading no. 8427 totaled $22M in 2022. The total import value increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Chile in 2022:

1. China (371.6 tons)
2. United States (263.8 tons)
3. Germany (77.9 tons)
4. Czech Republic (48.4 tons)
5. Italy (39.1 tons)
6. Netherlands (36.0 tons)
7. Sweden (34.3 tons)
8. Brazil (33.3 tons)
9. Finland (3.5 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Chile

In 2022, approx. 58 tons of machinery; parts of the machinery of heading no. 8427 were exported from Chile; picking up by 66% compared with the previous year's figure. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 99% against the previous year. As a result, the exports attained the peak of 61 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of machinery; parts of the machinery of heading no. 8427 skyrocketed to $1.8M in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Chile in 2022:

1. Brazil (23.0 tons)
2. Peru (15.9 tons)
3. United States (8.8 tons)
4. Germany (2.4 tons)
5. Argentina (2.4 tons)
6. Colombia (2.3 tons)
7. Canada (1.3 tons)
8. Uruguay (0.8 tons)

Source: IndexBox Market Intelligence Platform