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

Contents:

  1. Price for Machines; Parts and Accessories, of Heading No. 8472 in France (FOB) - 2022
  2. Price for Machines; Parts and Accessories, of Heading No. 8472 in France (CIF) - 2023
  3. Exports of Machines; Parts and Accessories, of Heading No. 8472 in France
  4. Imports of Machines; Parts and Accessories, of Heading No. 8472 in France

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

In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $71,080 per ton, with a decrease of -4.3% against the previous year. Over the period under review, the export price saw a mild descent. The pace of growth was the most pronounced in 2013 when the average export price increased by 21%. As a result, the export price reached the peak level of $100,703 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($102,291 per ton), while the average price for exports to the Netherlands ($40,992 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 the United States (+7.8%), 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 France (CIF) - 2023

In November 2023, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $114K per ton, therefore, remained relatively stable against the previous month. Over the period under review, import price indicated a remarkable increase from December 2022 to November 2023: its price increased at an average monthly rate of +5.3% 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 increased by +44.3% against September 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 45% m-o-m. The import price peaked in November 2023.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from the United States ($126K per ton) and China ($120K per ton), while the price for Japan ($90,211 per ton) and the UK ($102K per ton) were amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Hungary (+34.0%), 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 France

In 2022, the amount of machines; parts and accessories, of heading no. 8472 exported from France fell modestly to 772 tons, flattening at 2021 figures. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 69%. As a result, the exports attained the peak of 783 tons, and then dropped in the following year.

In value terms, exports of machines; parts and accessories, of heading no. 8472 reduced to $55M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 66%. As a result, the exports attained the peak of $58M, and then contracted in the following year.

Export of Machines; Parts and Accessories, of Heading No. 8472 in France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Morocco4.315.032.127.485.4%
Germany21.94.45.66.4-33.6%
United Kingdom2.71.23.15.929.8%
Netherlands1.82.43.72.917.2%
Italy4.93.74.02.6-19.0%
CroatiaN/AN/AN/A1.10%
Belgium1.61.10.80.9-17.5%
Others9.37.28.97.7-6.1%
Total46.535.058.254.95.7%

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

  1. Morocco (401.3 tons)
  2. United Kingdom (85.7 tons)
  3. Netherlands (71.7 tons)
  4. Germany (71.6 tons)
  5. Italy (43.3 tons)
  6. Croatia (12.4 tons)
  7. Belgium (10.0 tons)

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

In 2022, imports of machines; parts and accessories, of heading no. 8472 into France was estimated at 725 tons, remaining constant against 2021 figures. Over the period under review, imports, however, showed a mild slump. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year.

In value terms, imports of machines; parts and accessories, of heading no. 8472 soared to $55M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Import of Machines; Parts and Accessories, of Heading No. 8472 in France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany11.715.322.323.526.2%
Netherlands3.38.84.44.914.1%
India7.51.22.94.6-15.0%
United Kingdom2.02.73.03.924.9%
United States7.21.82.43.6-20.6%
Japan4.32.12.52.3-18.8%
Italy0.70.70.92.246.5%
Hungary2.52.81.22.1-5.6%
China2.20.61.62.0-3.1%
Spain0.20.71.01.386.6%
Poland0.90.81.91.03.6%
Belgium0.11.00.80.8100.0%
Others6.62.62.62.7-25.8%
Total49.340.947.454.83.6%

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

  1. Germany (283.6 tons)
  2. Netherlands (93.9 tons)
  3. United Kingdom (70.4 tons)
  4. Japan (60.2 tons)
  5. China (42.2 tons)
  6. United States (27.4 tons)
  7. Hungary (24.4 tons)
  8. India (23.9 tons)
  9. Belgium (22.1 tons)
  10. Spain (18.1 tons)
  11. Italy (13.1 tons)
  12. Poland (12.5 tons)

Source: IndexBox Market Intelligence Platform

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