Price for Machinery; Parts of the Machinery of Heading No. 8427 in India - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in India (FOB) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in India (CIF) - 2023
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in India
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in India
Price for Machinery; Parts of the Machinery of Heading No. 8427 in India (FOB) - 2023
In October 2023, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $1,877 per ton, shrinking by -12.8% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 23% m-o-m. As a result, the export price attained the peak level of $2,368 per ton. From March 2023 to October 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was the UK ($4,275 per ton), while the average price for exports to the United States ($1,550 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in India (CIF) - 2023
In October 2023, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $4,205 per ton, shrinking by -3% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 56% m-o-m. As a result, import price reached the peak level of $7,210 per ton. From April 2023 to October 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($34,644 per ton), while the price for China totaled $3,259 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in India
In 2022, exports of machinery; parts of the machinery of heading no. 8427 from India soared to 36K tons, picking up by 37% against the previous year's figure. In general, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 250%. 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 see steady growth in years to come.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 soared to $74M in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 135% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.8 | 13.3 | 37.8 | 44.2 | 51.1% |
| Germany | 1.6 | 1.6 | 3.7 | 4.9 | 45.2% |
| United Kingdom | 0.7 | 0.5 | 0.9 | 4.4 | 84.6% |
| Netherlands | 0.6 | 0.8 | 1.9 | 3.6 | 81.7% |
| Poland | 0.8 | 1.5 | 2.4 | 2.6 | 48.1% |
| Others | 8.9 | 7.8 | 13.2 | 14.6 | 17.9% |
| Total | 25.5 | 25.5 | 59.9 | 74.4 | 42.9% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from India in 2022:
- United States (28.4K tons)
- Germany (2.4K tons)
- United Kingdom (1.2K tons)
- Netherlands (1.0K tons)
- Poland (0.8K tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in India
In 2022, approx. 7.4K tons of machinery; parts of the machinery of heading no. 8427 were imported into India; rising by 45% against 2021 figures. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 83%. Over the period under review, imports of machinery; parts of machinery of heading no. 8427 reached the peak figure 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 soared to $36M in 2022. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. 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 India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.3 | 8.2 | 14.3 | 21.9 | 28.6% |
| Germany | 1.9 | 1.4 | 2.3 | 3.0 | 16.4% |
| Italy | 1.5 | 1.6 | 2.2 | 2.8 | 23.1% |
| Japan | 0.7 | 0.7 | 1.0 | 1.7 | 34.4% |
| Others | 7.9 | 4.6 | 6.2 | 6.7 | -5.3% |
| Total | 22.3 | 16.4 | 25.9 | 36.0 | 17.3% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to India in 2022:
- China (6.5K tons)
- Germany (0.3K tons)
- Italy (0.2K tons)
- Japan (0.1K tons)
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