Price for Machines; Parts and Accessories, of Heading No. 8472 in Ecuador - 2022

Contents:

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

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

The average import price for machines; parts and accessories, of heading no. 8472 stood at $96,528 per ton in 2022, surging by 20% against the previous year. Over the period under review, the import price showed prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 36% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($369,010 per ton), while the price for India ($57,898 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.8%), 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 Ecuador (FOB) - 2022

In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $97,306 per ton, falling by -10.7% against the previous year. Overall, the export price, however, saw a prominent expansion. The pace of growth was the most pronounced in 2020 an increase of 75% against the previous year. As a result, the export price reached the peak level of $109,796 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($105,633 per ton), while the average price for exports to Germany ($65,889 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 Chile (+24.2%), 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 Ecuador

In 2022, supplies from abroad of machines; parts and accessories, of heading no. 8472 decreased by -19.4% to 25 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports attained the peak of 31 tons, and then contracted notably in the following year.

In value terms, imports of machines; parts and accessories, of heading no. 8472 dropped modestly to $2.4M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 +42.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of $2.5M, and then declined in the following year.

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

1. United States (7.4 tons)
2. China (5.9 tons)
3. India (4.3 tons)
4. Germany (2.6 tons)
5. Japan (1.2 tons)
6. Taiwan (Chinese) (0.8 tons)
7. South Korea (0.8 tons)

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

In 2022, exports of machines; parts and accessories, of heading no. 8472 from Ecuador expanded notably to 62 kg, surging by 5.1% compared with 2021. Overall, exports, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year.

In value terms, exports of machines; parts and accessories, of heading no. 8472 contracted to $6K in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year.

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

1. South Korea (30.0 kg)
2. Spain (23.0 kg)
3. Germany (9.0 kg)

Source: IndexBox Market Intelligence Platform