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

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Denmark (FOB) - 2023
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Denmark (CIF) - 2023
3. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Denmark
4. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Denmark

Price for Machines; Parts and Accessories, of Heading No. 8472 in Denmark (FOB) - 2023

In November 2023, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $254K per ton, picking up by 52% against the previous month. Overall, the export price showed a moderate expansion. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 108% month-to-month. As a result, the export price attained the peak level of $304K per ton. From October 2023 to November 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Greenland ($630K per ton), while the average price for exports to Iceland ($131K per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greenland (+38.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Denmark (CIF) - 2023

The average import price for machines; parts and accessories, of heading no. 8472 stood at $111K per ton in November 2023, with an increase of 31% against the previous month. In general, import price indicated a modest increase from December 2022 to November 2023: its price increased at an average monthly rate of +1.8% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for machines; parts and accessories, of heading no. 8472 decreased by -21.1% against August 2023 indices. The growth pace was the most rapid in August 2023 when the average import price increased by 88% m-o-m. The import price peaked at $148K per ton in April 2023; however, from May 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($437K per ton), while the price for China ($219K per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, overseas shipments of machines; parts and accessories, of heading no. 8472 decreased by -5.8% to 36 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 12%. As a result, the exports reached the peak of 50 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of machines; parts and accessories, of heading no. 8472 fell to $4.8M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 30%. As a result, the exports reached the peak of $6.4M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Brazil (8.1 tons)
2. Norway (5.7 tons)
3. Germany (5.6 tons)
4. United Kingdom (3.1 tons)
5. Sweden (2.8 tons)
6. United States (2.3 tons)
7. Netherlands (1.0 tons)
8. France (1.0 tons)
9. Finland (0.7 tons)
10. Iceland (0.6 tons)
11. Austria (0.6 tons)
12. Poland (0.5 tons)

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

In 2022, imports of machines; parts and accessories, of heading no. 8472 into Denmark soared to 28 tons, growing by 45% on the previous year's figure. Overall, imports, however, saw a sharp decline.

In value terms, imports of machines; parts and accessories, of heading no. 8472 expanded rapidly to $2.5M in 2022. In general, imports, however, showed a dramatic slump. The growth pace was the most rapid in 2020 when imports increased by 96%. As a result, imports reached the peak of $10M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Sweden (7.0 tons)
2. Germany (4.4 tons)
3. Spain (4.4 tons)
4. France (1.6 tons)
5. United Kingdom (1.4 tons)
6. Taiwan (Chinese) (1.3 tons)
7. Netherlands (1.2 tons)
8. China (1.1 tons)
9. Hungary (1.0 tons)
10. Norway (0.9 tons)
11. South Korea (0.6 tons)
12. Thailand (0.6 tons)
13. Poland (0.5 tons)

Source: IndexBox Market Intelligence Platform