Price for Machines; Parts and Accessories, of Heading No. 8472 in Australia - 2024

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Australia (CIF) - 2022
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Australia (FOB) - 2022
3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Australia
4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Australia

Price for Machines; Parts and Accessories, of Heading No. 8472 in Australia (CIF) - 2022

In 2022, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $77,917 per ton, with a decrease of -8.8% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machines; parts and accessories, of heading no. 8472 decreased by -12.5% against 2018 indices. The growth pace was the most rapid in 2017 when the average import price increased by 33% against the previous year. Over the period under review, average import prices reached the peak figure at $89,015 per ton in 2018; however, from 2019 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 ($77,923 per ton) and Hungary ($77,922 per ton), while the price for China ($77,917 per ton) and India ($77,917 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Australia (FOB) - 2022

In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $94,979 per ton, picking up by 3.5% against the previous year. Overall, the export price continues to indicate a temperate increase. The pace of growth appeared the most rapid in 2017 an increase of 78% against the previous year. Over the period under review, the average export prices reached the peak figure at $112,109 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($95,200 per ton) and Papua New Guinea ($95,151 per ton), while the average price for exports to the UK ($94,492 per ton) and Japan ($94,869 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 Hong Kong SAR (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Australia

Imports of machines; parts and accessories, of heading no. 8472 into Australia surged to 307 tons in 2022, increasing by 21% against the year before. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines; parts and accessories, of heading no. 8472 expanded notably to $24M in 2022. The total import value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Australia in 2022:

1. China (57.5 tons)
2. Germany (56.6 tons)
3. United States (51.5 tons)
4. India (35.3 tons)
5. Philippines (21.2 tons)
6. South Korea (18.4 tons)
7. Czech Republic (10.6 tons)
8. New Zealand (7.2 tons)
9. Denmark (6.3 tons)
10. Japan (5.8 tons)
11. Vietnam (5.8 tons)
12. United Kingdom (5.4 tons)
13. Singapore (1.4 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Australia

In 2022, overseas shipments of machines; parts and accessories, of heading no. 8472 decreased by -50.8% to 44 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 90% against the previous year. As a result, the exports attained the peak of 90 tons, and then dropped rapidly in the following year.

In value terms, exports of machines; parts and accessories, of heading no. 8472 declined remarkably to $4.2M in 2022. Over the period under review, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 84% against the previous year. As a result, the exports attained the peak of $8.2M, and then declined dramatically in the following year.

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Australia in 2022:

1. United States (21.8 tons)
2. New Zealand (11.5 tons)
3. Mongolia (2.9 tons)
4. Hong Kong SAR (2.7 tons)
5. Latvia (1.2 tons)
6. Singapore (0.5 tons)
7. Japan (0.4 tons)
8. South Korea (0.3 tons)

Source: IndexBox Market Intelligence Platform