Price for Machinery; Parts of the Machinery of Heading No. 8427 in Spain - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Spain (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Spain (FOB) - 2023
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Spain
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Spain
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Spain (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $8,025 per ton in 2022, jumping by 16% against the previous year. Over the period under review, the import price, however, showed a mild descent. The most prominent rate of growth was recorded in 2016 an increase of 29%. Over the period under review, average import prices reached the maximum at $9,552 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($14,507 per ton), while the price for China ($2,354 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+19.0%), 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 Spain (FOB) - 2023
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $7,252 per ton in October 2023, reducing by -11.2% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 41% against the previous month. As a result, the export price reached the peak level of $8,864 per ton. From January 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Cuba ($27,867 per ton), while the average price for exports to the United States ($4,856 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+1.9%), 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 Spain
Imports of machinery; parts of the machinery of heading no. 8427 into Spain surged to 35K tons in 2022, increasing by 37% compared with the previous year's figure. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 skyrocketed to $277M in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 2.0 | 2.2 | 4.9 | 46.8 | 186.0% |
| Germany | 31.8 | 34.8 | 42.6 | 37.1 | 5.3% |
| Belgium | 18.0 | 27.1 | 36.3 | 34.9 | 24.7% |
| Italy | 22.3 | 19.2 | 26.0 | 34.1 | 15.2% |
| Denmark | 0.6 | 0.4 | 0.4 | 31.5 | 274.4% |
| China | 9.0 | 5.8 | 9.4 | 20.8 | 32.2% |
| Netherlands | 13.5 | 10.6 | 15.3 | 17.3 | 8.6% |
| Japan | 15.3 | 9.0 | 7.3 | 12.2 | -7.3% |
| United Kingdom | 6.6 | 7.0 | 4.5 | 7.7 | 5.3% |
| Poland | 2.5 | 2.2 | 3.3 | 6.8 | 39.6% |
| France | 7.2 | 8.2 | 10.6 | 5.7 | -7.5% |
| Sri Lanka | 1.1 | 1.6 | 0.9 | 2.1 | 24.1% |
| Sweden | 15.0 | 8.5 | 3.4 | 1.8 | -50.7% |
| Others | 3.4 | 5.6 | 8.6 | 18.5 | 75.9% |
| Total | 148 | 142 | 173 | 277 | 23.2% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Spain in 2022:
- China (8.9K tons)
- Portugal (4.6K tons)
- Italy (3.1K tons)
- Belgium (3.0K tons)
- Denmark (2.6K tons)
- Germany (2.6K tons)
- Poland (2.0K tons)
- Netherlands (1.6K tons)
- Japan (1.4K tons)
- United Kingdom (0.8K tons)
- Sri Lanka (0.6K tons)
- France (0.5K tons)
- Sweden (0.2K tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Spain
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 exported from Spain surged to 4.8K tons, growing by 62% compared with the previous year. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 76% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 surged to $32M in 2022. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 55% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 8.0 | 4.7 | 5.7 | 6.1 | -8.6% |
| Netherlands | 0.3 | N/A | 0.1 | 5.9 | 169.9% |
| United States | 1.6 | 1.3 | 3.2 | 4.2 | 37.9% |
| Cuba | 3.3 | 1.3 | 2.7 | 3.1 | -2.1% |
| France | 2.1 | 1.2 | 2.1 | 2.1 | 0.0% |
| Belgium | 2.2 | 1.2 | 1.2 | 1.9 | -4.8% |
| China | 0.1 | 0.1 | 0.1 | 0.8 | 100.0% |
| Italy | 0.6 | 0.5 | 0.8 | 0.6 | 0.0% |
| Others | 7.0 | 4.3 | 6.8 | 7.5 | 2.3% |
| Total | 25.2 | 14.7 | 22.7 | 32.1 | 8.4% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Spain in 2022:
- Netherlands (1469.8 tons)
- United States (1112.9 tons)
- Portugal (809.2 tons)
- Cuba (323.5 tons)
- France (196.3 tons)
- Belgium (121.5 tons)
- Italy (83.9 tons)
- China (78.5 tons)
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