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

Contents:

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

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

In November 2023, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $62,461 per ton, which is down by -22.3% against the previous month. Over the period under review, the export price saw a slight descent. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 15% month-to-month. As a result, the export price reached the peak level of $102K per ton. From August 2023 to November 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the United Arab Emirates ($101K per ton), while the average price for exports to the United States ($9,190 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 Germany (+7.1%), 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 the Netherlands (CIF) - 2023

The average import price for machines; parts and accessories, of heading no. 8472 stood at $70,621 per ton in November 2023, reducing by -6.8% against the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 46% against the previous month. As a result, import price attained the peak level of $75,786 per ton, and then contracted in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($147K per ton), while the price for the Philippines ($37,471 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 Germany (+13.8%), 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 the Netherlands

For the fourth year in a row, the Netherlands recorded growth in overseas shipments of machines; parts and accessories, of heading no. 8472, which increased by 9.5% to 2.9K tons in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 69% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, exports of machines; parts and accessories, of heading no. 8472 skyrocketed to $170M in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 54%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Machines; Parts and Accessories, of Heading No. 8472 in the Netherlands (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France9.29.022.547.973.3%
Germany10.528.739.323.130.1%
Ukraine0.20.10.116.5335.3%
Turkey15.413.511.116.01.3%
Italy2.84.17.98.544.8%
United Kingdom1.80.77.08.567.8%
Spain1.03.36.27.192.2%
Romania1.10.42.54.863.4%
United Arab Emirates4.93.33.73.9-7.3%
United States5.11.72.43.0-16.2%
Belgium1.82.83.02.511.6%
Ireland0.20.91.72.3125.7%
Poland1.30.81.82.117.3%
Others19.118.225.624.07.9%
Total74.387.413517031.8%

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

  1. France (634.1 tons)
  2. Germany (491.6 tons)
  3. Turkey (353.9 tons)
  4. Ukraine (152.2 tons)
  5. United States (136.8 tons)
  6. Romania (128.8 tons)
  7. Italy (127.5 tons)
  8. United Kingdom (124.4 tons)
  9. Spain (108.1 tons)
  10. Belgium (93.5 tons)
  11. United Arab Emirates (79.9 tons)
  12. Ireland (67.4 tons)
  13. Poland (54.5 tons)

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

In 2022, the amount of machines; parts and accessories, of heading no. 8472 imported into the Netherlands reduced to 3.2K tons, declining by -10.2% against the previous year. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% 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 +50.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 67%. As a result, imports reached the peak of 3.6K tons, and then shrank in the following year.

In value terms, imports of machines; parts and accessories, of heading no. 8472 dropped dramatically to $150M in 2022. The total import value increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of $181M, and then contracted sharply in the following year.

Import of Machines; Parts and Accessories, of Heading No. 8472 in the Netherlands (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Philippines23.930.759.138.717.4%
Japan30.925.951.936.55.7%
China5.45.98.418.751.3%
Germany14.111.118.817.06.4%
India1.82.14.27.158.0%
Italy2.84.13.64.920.5%
France4.65.76.34.2-3.0%
Spain0.40.91.23.7109.9%
Poland10.822.610.70.7-59.8%
Turkey13.86.21.70.5-66.9%
Others21.317.415.418.5-4.6%
Total1301331811504.9%

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

  1. Philippines (835.8 tons)
  2. Japan (835.3 tons)
  3. China (585.3 tons)
  4. Germany (326.5 tons)
  5. India (130.7 tons)
  6. France (80.1 tons)
  7. Italy (76.3 tons)
  8. Spain (58.9 tons)
  9. Poland (11.9 tons)
  10. Turkey (5.4 tons)

Source: IndexBox Market Intelligence Platform

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