Price for Machinery; Parts of the Machinery of Heading No. 8427 in Vietnam - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Vietnam (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Vietnam (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Vietnam
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Vietnam
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Vietnam (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $11,344 per ton in 2022, shrinking by -5.6% against the previous year. Over the period under review, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 11%. As a result, the export price reached the peak level of $16,669 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($11,345 per ton) and Japan ($11,345 per ton), while the average price for exports to the United States ($11,345 per ton) and Brazil ($11,345 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.7%), while the prices for the other major destinations experienced a decline.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Vietnam (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $12,669 per ton, with an increase of 10% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. Over the period under review, average import prices attained the maximum at $15,928 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($12,669 per ton) and Taiwan (Chinese) ($12,669 per ton), while the price for China ($12,669 per ton) and South Korea ($12,669 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.0%), while the prices for the other major suppliers experienced a decline.
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Vietnam
In 2022, exports of machinery; parts of the machinery of heading no. 8427 from Vietnam declined slightly to 3.4K tons, which is down by -1.6% against the previous year. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 65% against the previous year. As a result, the exports attained the peak of 3.4K tons, and then shrank modestly in the following year.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 declined to $38M in 2022. The total export value increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, the exports reached the peak of $41M, and then contracted in the following year.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 18.0 | 20.9 | 23.4 | 25.5 | 12.3% |
| Brazil | 2.2 | 2.7 | 5.3 | 6.1 | 40.5% |
| United States | 7.1 | 4.4 | 9.3 | 4.0 | -17.4% |
| Philippines | 0.8 | 0.5 | 1.2 | 0.9 | 4.0% |
| United Kingdom | 2.7 | 1.0 | 0.6 | 0.2 | -58.0% |
| Others | 1.3 | 0.6 | 1.1 | 1.3 | 0.0% |
| Total | 32.2 | 30.2 | 41.0 | 38.1 | 5.8% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Vietnam in 2022:
- Japan (2251.7 tons)
- Brazil (538.1 tons)
- United States (351.0 tons)
- Philippines (83.2 tons)
- United Kingdom (17.8 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Vietnam
In 2022, overseas purchases of machinery; parts of the machinery of heading no. 8427 decreased by -6.2% to 2.4K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.6% 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 +54.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. As a result, imports reached the peak of 2.6K tons, and then dropped in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 rose modestly to $31M in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 7.3 | 12.6 | 17.5 | 53.9% |
| South Korea | 5.2 | 6.9 | 8.0 | 6.3 | 6.6% |
| Japan | 4.8 | 3.9 | 7.7 | 5.6 | 5.3% |
| Others | 1.4 | 1.3 | 1.6 | 1.4 | 0.0% |
| Total | 16.2 | 19.4 | 29.8 | 30.8 | 23.9% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Vietnam in 2022:
- China (1384.7 tons)
- South Korea (494.1 tons)
- Japan (444.4 tons)
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