Price for Machinery; Parts of the Machinery of Heading No. 8427 in the UK - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in the UK (CIF) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in the UK (FOB) - 2023
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in the UK
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in the UK
Price for Machinery; Parts of the Machinery of Heading No. 8427 in the UK (CIF) - 2023
In November 2023, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $4,602 per ton, surging by 3.1% against the previous month. Over the period under review, the import price, however, recorded a perceptible reduction. The growth pace was the most rapid in March 2023 when the average import price increased by 21% against the previous month. The import price peaked at $6,351 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($17,462 per ton), while the price for China ($2,569 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 India (+3.9%), 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 the UK (FOB) - 2023
In November 2023, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $9,267 per ton, reducing by -18% against the previous month. Over the period under review, export price indicated a slight increase from November 2022 to November 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for machinery; parts of the machinery of heading no. 8427 increased by +57.4% against September 2023 indices. The most prominent rate of growth was recorded in October 2023 an increase of 92% m-o-m. As a result, the export price reached the peak level of $11,307 per ton, and then declined markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($26,278 per ton), while the average price for exports to Belgium ($4,940 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 the United States (+4.9%), 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 the UK
In 2022, approx. 42K tons of machinery; parts of the machinery of heading no. 8427 were imported into the UK; falling by -4.5% on the previous year. Overall, imports showed a pronounced slump. The growth pace was the most rapid in 2021 when imports increased by 26%.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 shrank to $213M in 2022. In general, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 21%.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 70.5 | 51.7 | 59.2 | 58.0 | -6.3% |
| China | 13.4 | 8.3 | 26.1 | 27.8 | 27.5% |
| Italy | 27.2 | 19.4 | 22.1 | 25.2 | -2.5% |
| Czech Republic | 12.6 | 11.1 | 18.6 | 16.1 | 8.5% |
| Sri Lanka | 8.5 | 3.6 | 6.8 | 14.0 | 18.1% |
| United States | 15.0 | 9.7 | 10.2 | 10.2 | -12.1% |
| Sweden | 24.8 | 19.9 | 17.2 | 10.1 | -25.9% |
| Netherlands | 13.1 | 12.1 | 13.8 | 7.9 | -15.5% |
| India | 0.4 | 1.0 | 4.6 | 6.0 | 146.6% |
| Turkey | 1.4 | 0.5 | 2.0 | 4.3 | 45.4% |
| Ireland | 8.3 | 6.5 | 5.8 | 4.1 | -20.9% |
| Belgium | 9.5 | 24.0 | 23.3 | 3.5 | -28.3% |
| France | 17.5 | 9.0 | 5.5 | 3.3 | -42.7% |
| Others | 16.7 | 11.8 | 13.1 | 22.7 | 10.8% |
| Total | 239 | 189 | 228 | 213 | -3.8% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to the UK in 2022:
- China (9.2K tons)
- Germany (5.9K tons)
- Czech Republic (5.6K tons)
- Italy (5.2K tons)
- Sri Lanka (4.7K tons)
- India (1.8K tons)
- Turkey (1.4K tons)
- Sweden (1.0K tons)
- Ireland (1.0K tons)
- Netherlands (0.9K tons)
- United States (0.9K tons)
- Belgium (0.7K tons)
- France (0.6K tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in the UK
In 2022, approx. 16K tons of machinery; parts of the machinery of heading no. 8427 were exported from the UK; surging by 1.6% compared with 2021. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 expanded remarkably to $101M in 2022. Overall, exports, however, recorded a abrupt descent.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.4 | 14.9 | 20.1 | 20.2 | -0.3% |
| Poland | 8.8 | 9.7 | 6.2 | 9.6 | 2.9% |
| Sweden | 8.1 | 5.3 | 9.1 | 8.7 | 2.4% |
| Ireland | 7.7 | 5.3 | 7.1 | 7.3 | -1.8% |
| Spain | 6.5 | 5.1 | 5.6 | 6.6 | 0.5% |
| Italy | 7.4 | 5.6 | 6.4 | 6.3 | -5.2% |
| France | 7.6 | 6.3 | 4.7 | 5.9 | -8.1% |
| Germany | 9.2 | 8.0 | 5.6 | 5.4 | -16.3% |
| Netherlands | 6.8 | 6.5 | 5.5 | 4.3 | -14.2% |
| Finland | 2.3 | 1.4 | 1.8 | 3.0 | 9.3% |
| Belgium | 4.5 | 5.0 | 3.3 | 2.8 | -14.6% |
| Brazil | 3.2 | 0.7 | 5.6 | 1.8 | -17.5% |
| Denmark | 1.3 | 0.8 | 1.1 | 1.0 | -8.4% |
| Others | 24.0 | 15.6 | 10.3 | 17.7 | -9.7% |
| Total | 118 | 90.5 | 92.3 | 101 | -5.1% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from the UK in 2022:
- United States (2.3K tons)
- France (1.5K tons)
- Ireland (1.5K tons)
- Poland (1.3K tons)
- Sweden (1.3K tons)
- Italy (1.2K tons)
- Germany (0.8K tons)
- Spain (0.8K tons)
- Netherlands (0.6K tons)
- Finland (0.5K tons)
- Belgium (0.5K tons)
- Brazil (0.4K tons)
- Denmark (0.3K tons)
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