Price for Machinery; Parts of the Machinery of Heading No. 8427 in Pakistan - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Pakistan (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Pakistan (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Pakistan
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Pakistan
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Pakistan (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $30,993 per ton in 2022, waning by -6.8% against the previous year. Over the period under review, the import price continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 15%. The import price peaked at $38,396 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($36,755 per ton) and Japan ($34,219 per ton), while the price for China ($27,146 per ton) and Taiwan (Chinese) ($28,706 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Pakistan (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $6,934 per ton, stabilizing at the previous year. Overall, the export price enjoyed a temperate increase. The pace of growth appeared the most rapid in 2020 an increase of 54%. As a result, the export price reached the peak level of $7,636 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($9,000 per ton), while the average price for exports to Germany ($1,429 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+6.7%), 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 Pakistan
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Pakistan fell markedly to 32 tons, waning by -20.2% against the previous year. In general, imports, however, posted tangible growth. The pace of growth was the most pronounced in 2021 when imports increased by 117%. As a result, imports attained the peak of 40 tons, and then contracted notably in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 reduced rapidly to $999K in 2022. Overall, imports saw a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. As a result, imports reached the peak of $1.3M, and then shrank rapidly in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 140 | 103 | 371 | 322 | 32.0% |
| Germany | 173 | 95.3 | 158 | 143 | -6.2% |
| Japan | 142 | 161 | 224 | 124 | -4.4% |
| United States | 31.5 | 6.3 | 28.5 | 95.2 | 44.6% |
| Sweden | 47.8 | 58.1 | 144 | 61.7 | 8.9% |
| Italy | 186 | 13.7 | 125 | 59.5 | -31.6% |
| Belgium | 61.6 | 65.8 | 55.2 | 47.9 | -8.0% |
| Netherlands | 3.4 | 4.7 | 12.5 | 43.2 | 133.3% |
| Taiwan (Chinese) | 76.6 | 42.9 | 12.5 | 0.5 | -81.3% |
| Sri Lanka | 23.0 | 17.5 | 30.5 | N/A | 15.2% |
| Oman | N/A | N/A | 1.3 | N/A | 0% |
| Others | 148 | 127 | 180 | 102 | -11.7% |
| Total | 1,032 | 694 | 1,343 | 999 | -1.1% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Pakistan in 2022:
- China (11.9 tons)
- Germany (4.3 tons)
- Japan (3.6 tons)
- United States (2.8 tons)
- Sweden (1.9 tons)
- Italy (1.6 tons)
- Netherlands (1.5 tons)
- Belgium (1.4 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Pakistan
For the third year in a row, Pakistan recorded decline in shipments abroad of machinery; parts of the machinery of heading no. 8427, which decreased by 0% to 151 kg in 2022. Overall, exports faced a sharp setback. The smallest decline of -80.7% was in 2020.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 totaled $1K in 2022. Over the period under review, exports recorded a significant curtailment. The smallest decline of -70.3% was in 2020.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5,408 | 1,659 | N/A | 742 | -48.4% |
| Belgium | 659 | 102 | N/A | 144 | -39.8% |
| Canada | 85.0 | 40.0 | N/A | 20.0 | -38.3% |
| Germany | 86.0 | 30.0 | N/A | 10.0 | -51.2% |
| United Arab Emirates | 172 | 33.0 | N/A | 8.0 | -64.0% |
| United Kingdom | 136 | 39.0 | N/A | 8.0 | -61.1% |
| Tanzania | 25.0 | N/A | N/A | 1.0 | -65.8% |
| Others | 427 | 174 | N/A | 114 | -35.6% |
| Total | 6,998 | 2,077 | N/A | 1,047 | -46.9% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Pakistan in 2022:
- United States (88.0 kg)
- Belgium (16.0 kg)
- Germany (7.0 kg)
- United Arab Emirates (4.0 kg)
- Canada (3.0 kg)
- Tanzania (1.0 kg)
- United Kingdom (1.0 kg)
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