Price for Machinery; Parts of the Machinery of Heading No. 8427 in Egypt - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Egypt (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Egypt (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Egypt
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Egypt
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Egypt (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $11,396 per ton in 2022, increasing by 7.7% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The pace of growth was the most pronounced in 2020 an increase of 19%. Over the period under review, average import prices reached the maximum at $12,987 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Sweden ($11,476 per ton), while the price for the United Arab Emirates ($5,521 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.5%), while the prices for the other major suppliers experienced a decline.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Egypt (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $13,667 per ton, increasing by 32% against the previous year. Over the period under review, the export price posted resilient growth. The pace of growth appeared the most rapid in 2020 an increase of 556% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($13,875 per ton), while the average price for exports to Sudan stood at $13,400 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+62.6%), 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 Egypt
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Egypt rose slightly to 124 tons, growing by 4.6% against 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 67%.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 rose significantly to $1.4M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.4% 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 +79.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59% 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 expected to retain growth in years to come.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 186 | 379 | 413 | 782 | 61.4% |
| Germany | 344 | 102 | 153 | 279 | -6.7% |
| Italy | 57.3 | 52.9 | 100 | 154 | 39.0% |
| Sweden | 282 | 46.1 | 5.1 | 61.2 | -39.9% |
| South Korea | 0.9 | N/A | 16.7 | 44.6 | 267.3% |
| United Arab Emirates | 38.8 | 37.2 | 220 | 9.1 | -38.3% |
| Singapore | 67.4 | 4.0 | N/A | N/A | -94.1% |
| Others | 199 | 171 | 349 | 87.1 | -24.1% |
| Total | 1,176 | 792 | 1,258 | 1,417 | 6.4% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Egypt in 2022:
- China (68.2 tons)
- Germany (24.3 tons)
- Italy (13.4 tons)
- Sweden (5.3 tons)
- South Korea (3.9 tons)
- United Arab Emirates (1.6 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Egypt
For the third consecutive year, Egypt recorded decline in shipments abroad of machinery; parts of the machinery of heading no. 8427, which decreased by -97.4% to 57 kg in 2022. Overall, exports showed a sharp contraction. The smallest decline of -54.6% was in 2021.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 shrank rapidly to $779 in 2022. In general, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, the exports attained the peak of $48K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | N/A | N/A | 0.4 | 0% |
| Sudan | N/A | N/A | N/A | 0.3 | 0% |
| Burkina Faso | N/A | 29.5 | N/A | N/A | 0% |
| Germany | 3.7 | 3.8 | 10.3 | N/A | 66.8% |
| Yemen | 26.0 | N/A | N/A | N/A | 0% |
| Others | 5.7 | 15.2 | 12.7 | N/A | 49.3% |
| Total | 35.4 | 48.4 | 23.1 | 0.8 | -71.7% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Egypt in 2022:
- Saudi Arabia (32.0 kg)
- Sudan (25.0 kg)
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