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

Contents:

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

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

The average import price for machines; parts and accessories, of heading no. 8472 stood at $93,035 per ton in 2022, with a decrease of -20.8% against the previous year. Overall, the import price saw a mild contraction. The pace of growth was the most pronounced in 2019 an increase of 36% against the previous year. As a result, import price reached the peak level of $258,600 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($251,390 per ton), while the price for Denmark ($52,321 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 (+12.5%), 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 Finland (FOB) - 2022

The average export price for machines; parts and accessories, of heading no. 8472 stood at $98,217 per ton in 2022, which is down by -21.5% against the previous year. In general, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 137%. As a result, the export price reached the peak level of $394,464 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($339,048 per ton), while the average price for exports to Norway ($21,900 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 Denmark (+3.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, supplies from abroad of machines; parts and accessories, of heading no. 8472 increased by 103% to 18 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a precipitous decrease.

In value terms, imports of machines; parts and accessories, of heading no. 8472 soared to $1.6M in 2022. In general, imports, however, faced a dramatic slump.

Import of Machines; Parts and Accessories, of Heading No. 8472 in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom32.020828.4425136.8%
Sweden68.917015824151.8%
Denmark25.924.710718592.6%
Switzerland10240.939.717820.4%
Netherlands24.436628313878.2%
Italy24820030.9108-24.2%
Poland5.543.167.2105167.3%
Germany58.061.740.897.819.0%
United States122N/A44.531.2-36.5%
France8,29318.316.818.1-87.0%
China20112.181.410.9-62.1%
Philippines133N/A0.3N/A-95.3%
Others22110211891.3-25.5%
Total9,5351,2461,0151,630-44.5%

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

  1. Sweden (4.4 tons)
  2. Denmark (3.5 tons)
  3. United Kingdom (3.5 tons)
  4. Netherlands (1.4 tons)
  5. Germany (1.1 tons)
  6. Poland (0.9 tons)
  7. Switzerland (0.7 tons)
  8. Italy (0.6 tons)
  9. United States (0.2 tons)
  10. China (0.2 tons)
  11. France (0.1 tons)

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

Exports of machines; parts and accessories, of heading no. 8472 from Finland shrank sharply to 886 kg in 2022, declining by -39.4% on the previous year's figure. Overall, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 100% against the previous year.

In value terms, exports of machines; parts and accessories, of heading no. 8472 shrank significantly to $87K in 2022. In general, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 128%.

Export of Machines; Parts and Accessories, of Heading No. 8472 in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)N/AN/A11128.5-74.3%
United Kingdom4.82.54.826.677.0%
United States0.4N/A41.214.7232.5%
Estonia6.86.69.08.16.0%
Denmark1.10.1N/A0.8-10.1%
Ireland0.1N/AN/A0.8100.0%
Russia14251.80.80.7-83.0%
NorwayN/AN/A0.10.4300.0%
Germany19.64.01.50.2-78.3%
Czech Republic1.50.1N/AN/A-93.3%
Sweden6.52.10.1N/A-87.6%
France2.64.4N/AN/A69.2%
TurkeyN/A1.1N/AN/A0%
Others63.07.814.66.2-53.8%
Total24980.418387.0-29.6%

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

  1. United Kingdom (457.0 kg)
  2. Estonia (119.0 kg)
  3. United States (91.0 kg)
  4. Taiwan (Chinese) (84.0 kg)
  5. Ireland (35.0 kg)
  6. Norway (20.0 kg)
  7. Denmark (17.0 kg)
  8. Russia (7.0 kg)
  9. Germany (2.0 kg)

Source: IndexBox Market Intelligence Platform

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