Price for Machines; Parts and Accessories, of Heading No. 8472 in India - 2023
Contents:
- Price for Machines; Parts and Accessories, of Heading No. 8472 in India (CIF) - 2022
- Price for Machines; Parts and Accessories, of Heading No. 8472 in India (FOB) - 2022
- Imports of Machines; Parts and Accessories, of Heading No. 8472 in India
- Exports of Machines; Parts and Accessories, of Heading No. 8472 in India
Price for Machines; Parts and Accessories, of Heading No. 8472 in India (CIF) - 2022
In 2022, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $77,917 per ton, waning by -2.1% against the previous year. In general, the import price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 49% against the previous year. The import price peaked at $88,538 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($77,916 per ton) and the UK ($77,916 per ton), while the price for the Netherlands ($77,914 per ton) and Taiwan (Chinese) ($77,915 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.3%), 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 India (FOB) - 2022
In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $94,984 per ton, shrinking by -3.1% against the previous year. In general, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 87%. The export price peaked at $107,817 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovenia ($94,979 per ton) and the Philippines ($94,974 per ton), while the average price for exports to China ($94,966 per ton) and Brazil ($94,971 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+24.3%), 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 India
In 2022, imports of machines; parts and accessories, of heading no. 8472 into India reached 3K tons, with an increase of 6% on the previous year's figure. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 31%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of machines; parts and accessories, of heading no. 8472 rose modestly to $237M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Machines; Parts and Accessories, of Heading No. 8472 in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 85.8 | 64.9 | 87.6 | 97.9 | 4.5% |
| Philippines | 24.5 | 21.8 | 29.5 | 48.5 | 25.6% |
| Hong Kong SAR | 55.4 | 35.3 | 35.2 | 17.4 | -32.0% |
| Japan | 3.9 | 5.7 | 10.4 | 12.6 | 47.8% |
| Germany | 3.8 | 4.0 | 4.5 | 7.7 | 26.5% |
| Malaysia | 1.2 | 1.2 | 3.6 | 7.4 | 83.4% |
| Vietnam | N/A | N/A | N/A | 7.4 | 0% |
| United States | 12.8 | 5.0 | 5.4 | 6.1 | -21.9% |
| Taiwan (Chinese) | 3.6 | 3.7 | 5.8 | 6.0 | 18.6% |
| Singapore | 8.6 | 7.3 | 6.8 | 4.5 | -19.4% |
| Hungary | 4.8 | 3.5 | 14.8 | 4.4 | -2.9% |
| United Kingdom | 2.8 | 2.5 | 4.3 | 3.6 | 8.7% |
| Brazil | 5.4 | 4.0 | 6.1 | 2.7 | -20.6% |
| Others | 16.1 | 14.5 | 14.5 | 10.5 | -13.3% |
| Total | 229 | 173 | 228 | 237 | 1.2% |
Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to India in 2022:
- China (1256.4 tons)
- Philippines (622.8 tons)
- Hong Kong SAR (223.3 tons)
- Japan (161.7 tons)
- Germany (99.1 tons)
- Malaysia (95.1 tons)
- Vietnam (95.1 tons)
- United States (78.8 tons)
- Taiwan (Chinese) (77.1 tons)
- Singapore (58.3 tons)
- Hungary (56.7 tons)
- United Kingdom (46.4 tons)
- Brazil (34.2 tons)
Exports of Machines; Parts and Accessories, of Heading No. 8472 in India
Exports of machines; parts and accessories, of heading no. 8472 from India soared to 1.6K tons in 2022, jumping by 37% against 2021. Over the period under review, exports, however, recorded a abrupt contraction.
In value terms, exports of machines; parts and accessories, of heading no. 8472 skyrocketed to $154M in 2022. In general, exports, however, faced a abrupt decline.
| Export of Machines; Parts and Accessories, of Heading No. 8472 in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 124 | 49.6 | 46.0 | 67.5 | -18.3% |
| Hungary | 50.7 | 33.4 | 33.5 | 28.6 | -17.4% |
| Philippines | 1.1 | 0.7 | 0.2 | 12.7 | 126.0% |
| Germany | 5.1 | 2.5 | 5.0 | 9.3 | 22.2% |
| Mexico | 3.6 | 3.3 | 1.6 | 6.3 | 20.5% |
| Netherlands | 3.7 | 3.5 | 2.8 | 5.1 | 11.3% |
| Turkey | 0.1 | 1.6 | 1.3 | 3.6 | 230.2% |
| United Kingdom | 6.1 | 2.9 | 2.3 | 3.2 | -19.3% |
| Brazil | 7.6 | 5.0 | 3.8 | 0.7 | -54.8% |
| Others | 28.0 | 21.6 | 19.8 | 16.9 | -15.5% |
| Total | 230 | 124 | 116 | 154 | -12.5% |
Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from India in 2022:
- United States (710.7 tons)
- Hungary (301.1 tons)
- Philippines (134.1 tons)
- Germany (97.7 tons)
- Mexico (66.2 tons)
- Netherlands (54.0 tons)
- Turkey (38.3 tons)
- United Kingdom (33.9 tons)
- Brazil (6.9 tons)
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This report provides an in-depth analysis of the computing machinery market in India.
347
This report provides an in-depth analysis of the global computing machinery market.
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