Price for Machines; Parts and Accessories, of Heading No. 8472 in Belgium - 2023

Contents:

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

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

In 2022, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $72,677 per ton, picking up by 2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 18% against the previous year. The import price peaked at $84,747 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($115,717 per ton), while the price for China ($20,300 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+19.3%), 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 Belgium (FOB) - 2022

In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $38,618 per ton, jumping by 28% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2017 when the average export price increased by 39% against the previous year. The export price peaked at $60,378 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($99,848 per ton), while the average price for exports to Qatar ($7,515 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of machines; parts and accessories, of heading no. 8472 decreased by -7.3% to 158 tons, falling for the second year in a row after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 124% against the previous year. As a result, imports reached the peak of 353 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of machines; parts and accessories, of heading no. 8472 shrank to $11M in 2022. Overall, imports, however, saw a mild increase. The pace of growth appeared the most rapid in 2020 when imports increased by 114% against the previous year. As a result, imports attained the peak of $23M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Netherlands (64.6 tons)
2. China (32.2 tons)
3. Germany (21.9 tons)
4. United States (20.6 tons)
5. France (3.6 tons)
6. Japan (3.1 tons)
7. United Kingdom (2.8 tons)
8. Mexico (0.2 tons)

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

After three years of growth, overseas shipments of machines; parts and accessories, of heading no. 8472 decreased by -35.5% to 142 tons in 2022. Over the period under review, exports, however, recorded prominent growth. The growth pace was the most rapid in 2020 when exports increased by 112% against the previous year.

In value terms, exports of machines; parts and accessories, of heading no. 8472 shrank notably to $5.5M in 2022. The total export value increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 42%. As a result, the exports attained the peak of $6.7M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. France (37.7 tons)
2. Germany (26.4 tons)
3. Netherlands (12.8 tons)
4. United Kingdom (8.2 tons)
5. United States (7.7 tons)
6. Poland (5.1 tons)
7. Democratic Republic of the Congo (4.6 tons)
8. Chile (4.2 tons)
9. Czech Republic (3.7 tons)
10. Qatar (3.5 tons)
11. Italy (2.9 tons)
12. Spain (2.8 tons)
13. Romania (2.5 tons)

Source: IndexBox Market Intelligence Platform