Price for Machines; Parts and Accessories, of Heading No. 8472 in Spain - 2023
Contents:
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Spain (CIF) - 2023
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Spain (FOB) - 2022
- Imports of Machines; Parts and Accessories, of Heading No. 8472 in Spain
- Exports of Machines; Parts and Accessories, of Heading No. 8472 in Spain
Price for Machines; Parts and Accessories, of Heading No. 8472 in Spain (CIF) - 2023
The average import price for machines; parts and accessories, of heading no. 8472 stood at $61,650 per ton in November 2023, jumping by 23% against the previous month. Overall, the import price, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in March 2023 an increase of 28% against the previous month. Over the period under review, average import prices attained the peak figure at $79,826 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($274K per ton), while the price for Switzerland ($19,713 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 China (+6.8%), 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 Spain (FOB) - 2022
The average export price for machines; parts and accessories, of heading no. 8472 stood at $36,537 per ton in 2022, growing by 5.1% against the previous year. Overall, the export price continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 144% against the previous year. As a result, the export price attained the peak level of $68,541 per ton. From 2015 to 2022, the average export prices remained at a 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 Portugal ($85,610 per ton), while the average price for exports to France ($14,334 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 Germany (+7.7%), 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 Spain
In 2022, imports of machines; parts and accessories, of heading no. 8472 into Spain amounted to 2.9K tons, approximately equating 2021. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. Imports peaked 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 contracted to $186M in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, imports reached the peak of $212M, and then contracted in the following year.
| Import of Machines; Parts and Accessories, of Heading No. 8472 in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 115 | 138 | 151 | 131 | 4.4% |
| Netherlands | 3.7 | 8.0 | 8.5 | 14.0 | 55.8% |
| Philippines | 12.0 | 5.6 | 8.5 | 10.0 | -5.9% |
| Portugal | 0.6 | 6.5 | 8.7 | 8.4 | 141.0% |
| China | 7.0 | 2.2 | 4.7 | 5.2 | -9.4% |
| France | 3.8 | 7.9 | 8.4 | 4.4 | 5.0% |
| Italy | 2.8 | 1.6 | 4.0 | 2.3 | -6.3% |
| United Kingdom | 3.7 | 3.1 | 0.3 | 0.8 | -40.0% |
| Others | 26.0 | 12.3 | 17.9 | 10.5 | -26.1% |
| Total | 175 | 186 | 212 | 186 | 2.1% |
Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Spain in 2022:
- Germany (1169.2 tons)
- Netherlands (627.5 tons)
- France (239.6 tons)
- Philippines (220.3 tons)
- Portugal (198.7 tons)
- Italy (150.3 tons)
- China (105.6 tons)
- United Kingdom (4.3 tons)
Exports of Machines; Parts and Accessories, of Heading No. 8472 in Spain
Exports of machines; parts and accessories, of heading no. 8472 from Spain amounted to 1.2K tons in 2022, with an increase of 3.3% on 2021. In general, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year.
In value terms, exports of machines; parts and accessories, of heading no. 8472 totaled $45M in 2022. The total export value increased at an average annual rate of +8.1% 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 2021 when exports increased by 37%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.
| Export of Machines; Parts and Accessories, of Heading No. 8472 in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 4.6 | 5.3 | 10.8 | 12.7 | 40.3% |
| France | 8.3 | 5.4 | 7.8 | 8.3 | 0.0% |
| Netherlands | 4.3 | 4.8 | 2.2 | 6.1 | 12.4% |
| Germany | 5.1 | 4.9 | 6.8 | 4.0 | -7.8% |
| United Kingdom | 2.5 | 1.7 | 1.6 | 1.2 | -21.7% |
| Italy | 0.5 | 0.5 | 0.7 | 1.0 | 26.0% |
| Czech Republic | N/A | 0.1 | 0.3 | 0.9 | 200.0% |
| Others | 10.4 | 7.7 | 11.4 | 10.9 | 1.6% |
| Total | 35.8 | 30.5 | 41.7 | 45.2 | 8.1% |
Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Spain in 2022:
- France (581.6 tons)
- Netherlands (157.5 tons)
- Portugal (148.8 tons)
- Germany (136.0 tons)
- Italy (39.3 tons)
- United Kingdom (35.7 tons)
- Czech Republic (22.7 tons)
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