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

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Estonia (FOB) - 2023
2. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Estonia (CIF) - 2022
3. Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Estonia
4. Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Estonia

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Estonia (FOB) - 2023

In October 2023, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $7,487 per ton, growing by 23% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in July 2023 an increase of 30% against the previous month. As a result, the export price reached the peak level of $9,545 per ton. From August 2023 to October 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In October 2023, the countries with the highest prices were France ($8,607 per ton) and Finland ($7,738 per ton), while the average price for exports to Poland ($6,399 per ton) and Sweden ($6,594 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.9%), 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 Estonia (CIF) - 2022

In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $10,245 per ton, falling by -24.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 41%. The import price peaked at $14,081 per ton in 2020; however, from 2021 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 Finland ($35,986 per ton), while the price for Bulgaria ($3,345 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.2%), 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 Estonia

In 2022, exports of machinery; parts of the machinery of heading no. 8427 from Estonia declined to 15K tons, remaining constant against the previous year. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 44%. As a result, the exports reached the peak of 15K tons, leveling off in the following year.

In value terms, exports of machinery; parts of the machinery of heading no. 8427 soared to $93M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 attained the maximum in 2022 and are likely to continue growth in years to come.

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

1. Finland (8.9K tons)
2. Poland (5.2K tons)
3. France (0.4K tons)
4. Lithuania (0.3K tons)
5. Sweden (0.3K tons)

Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Estonia

In 2022, approx. 944 tons of machinery; parts of the machinery of heading no. 8427 were imported into Estonia; rising by 85% on the year before. Over the period under review, imports saw a resilient increase. As a result, imports attained 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 surged to $9.7M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +77.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Bulgaria (491.3 tons)
2. Germany (73.6 tons)
3. Belgium (67.8 tons)
4. Poland (63.1 tons)
5. Czech Republic (61.9 tons)
6. Sweden (41.1 tons)
7. Lithuania (38.5 tons)
8. Italy (17.7 tons)
9. Finland (16.9 tons)
10. Denmark (16.4 tons)

Source: IndexBox Market Intelligence Platform