Price for Machinery; Parts of the Machinery of Heading No. 8427 in Japan - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Japan (FOB) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Japan (CIF) - 2023
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Japan
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Japan
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Japan (FOB) - 2023
In November 2023, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $8,691 per ton, waning by -2% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 6.7% against the previous month. The export price peaked at $8,954 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the United States ($10,703 per ton), while the average price for exports to the United Arab Emirates ($1,879 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Japan (CIF) - 2023
In November 2023, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $1,798 per ton, which is down by -12.7% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 23% month-to-month. Over the period under review, average import prices hit record highs at $2,562 per ton in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Vietnam ($6,826 per ton), while the price for China ($1,291 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Japan
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 exported from Japan was estimated at 29K tons, increasing by 2% against the previous year. The total export volume increased at an average annual rate of +1.1% 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 with an increase of 40%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 fell to $245M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of $259M, and then reduced in the following year.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 123 | 97.4 | 129 | 122 | -0.3% |
| France | 24.7 | 19.9 | 29.7 | 29.9 | 6.6% |
| China | 39.5 | 24.1 | 31.7 | 26.4 | -12.6% |
| Thailand | 8.5 | 7.5 | 12.9 | 13.6 | 17.0% |
| Brazil | 6.1 | 4.9 | 8.2 | 7.5 | 7.1% |
| Vietnam | 6.7 | 5.8 | 9.7 | 7.3 | 2.9% |
| Others | 36.4 | 28.4 | 37.8 | 37.6 | 1.1% |
| Total | 245 | 188 | 259 | 245 | 0.0% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Japan in 2022:
- United States (11.4K tons)
- France (5.7K tons)
- China (4.2K tons)
- Thailand (1.9K tons)
- Vietnam (1.6K tons)
- Brazil (1.5K tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Japan
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Japan reduced to 75K tons, dropping by -1.9% on the year before. Overall, imports showed a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 expanded to $166M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Over the period under review, imports of machinery; parts of machinery of heading no. 8427 attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 91.3 | 72.0 | 101 | 102 | 3.8% |
| Vietnam | 18.4 | 17.0 | 18.6 | 21.0 | 4.5% |
| Philippines | 12.9 | 10.3 | 14.1 | 16.5 | 8.6% |
| South Korea | 7.2 | 4.9 | 4.3 | 3.7 | -19.9% |
| Others | 21.9 | 20.9 | 23.6 | 22.4 | 0.8% |
| Total | 152 | 125 | 161 | 166 | 3.0% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Japan in 2022:
- China (61.3K tons)
- Philippines (5.9K tons)
- Vietnam (3.0K tons)
- South Korea (1.0K tons)
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