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

Contents:

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

Price for Machines; Parts and Accessories, of Heading No. 8472 in Lithuania (CIF) - 2023

The average import price for machines; parts and accessories, of heading no. 8472 stood at $77,171 per ton in November 2023, growing by 2.9% against the previous month. In general, the import price, however, saw a abrupt setback. The pace of growth was the most pronounced in May 2023 when the average import price increased by 76% m-o-m. Over the period under review, average import prices attained the peak figure at $171K per ton in January 2023; however, from February 2023 to November 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Latvia ($252K per ton), while the price for Germany ($71,966 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Latvia (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Lithuania (FOB) - 2023

In November 2023, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $80,922 per ton, rising by 2.6% against the previous month. Over the period under review, the export price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in September 2023 an increase of 503% month-to-month. As a result, the export price attained the peak level of $427K per ton. From October 2023 to November 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($357K per ton), while the average price for exports to Romania ($19,840 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+10.0%), 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 Lithuania

After two years of decline, supplies from abroad of machines; parts and accessories, of heading no. 8472 increased by 50% to 24 tons in 2022. Overall, imports, however, saw a deep contraction.

In value terms, imports of machines; parts and accessories, of heading no. 8472 soared to $2.2M in 2022. In general, imports, however, continue to indicate a abrupt decrease.

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

1. Germany (16.9 tons)
2. Netherlands (2.8 tons)
3. Uzbekistan (1.6 tons)
4. France (0.9 tons)
5. Finland (0.4 tons)
6. United Kingdom (0.4 tons)
7. Spain (0.2 tons)

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

Exports of machines; parts and accessories, of heading no. 8472 from Lithuania contracted to 16 tons in 2022, waning by -13.6% on the previous year's figure. In general, exports showed a sharp curtailment.

In value terms, exports of machines; parts and accessories, of heading no. 8472 fell rapidly to $1.5M in 2022. Over the period under review, exports continue to indicate a dramatic curtailment.

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

1. Georgia (2.6 tons)
2. Russia (2.5 tons)
3. Germany (2.3 tons)
4. Azerbaijan (1.9 tons)
5. Uzbekistan (1.3 tons)
6. Moldova (0.9 tons)
7. Kyrgyzstan (0.8 tons)
8. Latvia (0.8 tons)
9. Kazakhstan (0.8 tons)
10. United Kingdom (0.7 tons)

Source: IndexBox Market Intelligence Platform