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

Contents:

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

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

The average import price for machinery; parts of the machinery of heading no. 8427 stood at $2,308 per ton in October 2023, which is down by -38.1% against the previous month. Over the period under review, the import price saw a abrupt descent. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 18% month-to-month. The import price peaked at $11,343 per ton in March 2023; however, from April 2023 to October 2023, import prices stood at a somewhat 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 Turkey ($3,658 per ton), while the price for China ($1,333 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.0%), 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 Romania (FOB) - 2023

In October 2023, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $5,999 per ton, with an increase of 3.9% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 39% m-o-m. As a result, the export price reached the peak level of $6,562 per ton. From June 2023 to October 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($6,516 per ton), while the average price for exports to Turkey totaled $2,846 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 2.9K tons of machinery; parts of the machinery of heading no. 8427 were imported into Romania; approximately equating the previous year's figure. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 12%.

In value terms, imports of machinery; parts of the machinery of heading no. 8427 fell to $31M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $33M, and then declined in the following year.

Import of Machinery; Parts of the Machinery of Heading No. 8427 in Romania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany8.17.58.68.20.4%
Netherlands4.05.48.96.819.3%
Belgium3.13.94.64.311.5%
France2.91.93.22.90.0%
Italy2.42.43.22.2-2.9%
Czech Republic0.61.01.61.638.7%
Sri LankaN/AN/AN/A0.70%
Bulgaria0.50.50.70.711.9%
Portugal0.10.10.20.226.0%
China0.70.30.20.2-34.1%
Others1.82.22.12.714.5%
Total24.225.433.330.68.1%

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

  1. Germany (713.4 tons)
  2. Netherlands (581.2 tons)
  3. France (316.4 tons)
  4. Belgium (313.2 tons)
  5. Italy (248.5 tons)
  6. Sri Lanka (217.5 tons)
  7. Portugal (126.6 tons)
  8. Czech Republic (89.2 tons)
  9. Bulgaria (87.0 tons)
  10. China (34.2 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Romania

In 2022, exports of machinery; parts of the machinery of heading no. 8427 from Romania dropped to 914 tons, with a decrease of -14.1% against the previous year. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year.

In value terms, exports of machinery; parts of the machinery of heading no. 8427 reduced slightly to $5.6M in 2022. Overall, exports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 37%.

Export of Machinery; Parts of the Machinery of Heading No. 8427 in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France2,9751,7972,5681,940-13.3%
United Kingdom6934478821,26022.1%
Netherlands27223457162832.2%
Bulgaria14618235350351.0%
Germany36.113.215.6412125.1%
Croatia2141521582586.4%
Italy29.741846415874.6%
Sweden1,2622704.72.4-87.6%
Others701716773413-16.2%
Total6,3294,2285,7905,574-4.1%

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

  1. France (321.4 tons)
  2. United Kingdom (237.3 tons)
  3. Germany (125.5 tons)
  4. Netherlands (72.1 tons)
  5. Bulgaria (53.8 tons)
  6. Italy (29.5 tons)
  7. Croatia (28.1 tons)
  8. Sweden (0.4 tons)

Source: IndexBox Market Intelligence Platform

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