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

Contents:

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

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

In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $111,004 per ton, rising by 36% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The export price peaked at $220,684 per ton in 2012; however, from 2013 to 2022, the export prices stood 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 ($167,670 per ton), while the average price for exports to Germany ($12,197 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 Thailand (+36.2%), while the prices for the other major destinations experienced a decline.

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

The average import price for machines; parts and accessories, of heading no. 8472 stood at $35,087 per ton in March 2022, reducing by -38.1% against the previous month. Overall, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in October 2021 when the average import price increased by 112% month-to-month. The import price peaked at $106K per ton in March 2021; however, from April 2021 to March 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Japan ($133K per ton), while the price for China ($21,339 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, exports of machines; parts and accessories, of heading no. 8472 from Indonesia dropped dramatically to 162 tons, which is down by -26.7% against the year before. Over the period under review, exports showed a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 6.2%.

In value terms, exports of machines; parts and accessories, of heading no. 8472 totaled $18M in 2022. In general, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 5.2% against the previous year.

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

1. United States (81.8 tons)
2. Thailand (20.5 tons)
3. Singapore (14.5 tons)
4. Hong Kong SAR (14.1 tons)
5. Malaysia (8.9 tons)
6. Mexico (7.7 tons)
7. Germany (4.2 tons)
8. China (3.1 tons)

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

Imports of machines; parts and accessories, of heading no. 8472 into Indonesia skyrocketed to 285 tons in 2022, jumping by 18% compared with the previous year's figure. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 92% against the previous year. As a result, imports reached the peak of 419 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of machines; parts and accessories, of heading no. 8472 contracted to $13M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, imports attained the peak of $16M. 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 Indonesia in 2022:

1. China (150.7 tons)
2. Hong Kong SAR (85.2 tons)
3. South Korea (12.3 tons)
4. Japan (9.3 tons)
5. Malaysia (7.6 tons)
6. Germany (7.4 tons)
7. Singapore (5.9 tons)

Source: IndexBox Market Intelligence Platform