Price for Machinery; Parts of the Machinery of Heading No. 8427 in Hungary - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Hungary (FOB) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Hungary (CIF) - 2023
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Hungary
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Hungary
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Hungary (FOB) - 2023
In October 2023, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $8,617 per ton, growing by 1.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 12% month-to-month. As a result, the export price attained the peak level of $8,737 per ton. From May 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In October 2023, the country with the highest price was the United States ($8,997 per ton), while the average price for exports to Canada amounted to $6,242 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.4%), 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 Hungary (CIF) - 2023
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $1,840 per ton in October 2023, shrinking by -90% against the previous month. In general, the import price saw a deep slump. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 76% against the previous month. Over the period under review, average import prices hit record highs at $25,013 per ton in May 2023; however, from June 2023 to October 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From October 2022 to October 2023, the rate of growth in terms of prices for France amounted to +16.4% per month.
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Hungary
Exports of machinery; parts of the machinery of heading no. 8427 from Hungary dropped slightly to 4.1K tons in 2022, declining by -3.4% compared with 2021 figures. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 fell to $29M in 2022. Overall, exports showed a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 26%.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.5 | 10.8 | 16.0 | 15.7 | -1.6% |
| France | 5.5 | 4.6 | 6.1 | 7.1 | 8.9% |
| Italy | 1.5 | 1.8 | 2.1 | 1.7 | 4.3% |
| Germany | 1.0 | 1.1 | 1.0 | 1.0 | 0.0% |
| Canada | 1.4 | 1.2 | 1.6 | 0.8 | -17.0% |
| Netherlands | 0.9 | 0.7 | 0.9 | 0.8 | -3.9% |
| United Kingdom | 3.2 | 2.1 | 0.1 | N/A | -82.3% |
| Others | 2.0 | 2.0 | 2.7 | 1.6 | -7.2% |
| Total | 32.0 | 24.2 | 30.5 | 28.7 | -3.6% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Hungary in 2022:
- United States (2079.9 tons)
- France (1168.7 tons)
- Italy (271.9 tons)
- Canada (155.2 tons)
- Netherlands (117.0 tons)
- Germany (87.1 tons)
- United Kingdom (2.8 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Hungary
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Hungary soared to 1.6K tons, increasing by 26% against 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 expanded remarkably to $18M in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.2 | 5.3 | 5.7 | 6.1 | 5.5% |
| Belgium | 1.9 | 1.5 | 1.9 | 2.7 | 12.4% |
| Czech Republic | 1.8 | 1.8 | 2.3 | 2.4 | 10.1% |
| Austria | 1.5 | 1.5 | 2.3 | 2.1 | 11.9% |
| France | 0.3 | 0.5 | 0.9 | 1.9 | 85.0% |
| Italy | 1.2 | 0.9 | 1.3 | 1.0 | -5.9% |
| Netherlands | 0.5 | 0.4 | 0.5 | 0.6 | 6.3% |
| Poland | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Slovenia | N/A | N/A | 0.1 | 0.2 | 100.0% |
| China | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Spain | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 1.7 | 1.1 | 1.1 | 0.6 | -29.3% |
| Total | 14.4 | 13.6 | 16.8 | 18.1 | 7.9% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Hungary in 2022:
- Germany (504.9 tons)
- France (324.8 tons)
- Czech Republic (177.7 tons)
- Slovenia (118.1 tons)
- Belgium (94.8 tons)
- Italy (90.5 tons)
- Austria (66.6 tons)
- China (57.2 tons)
- Poland (44.0 tons)
- Spain (32.3 tons)
- Netherlands (21.7 tons)
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