Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Belgium - 2023

Contents:

1. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Belgium (CIF) - 2022
2. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Belgium (FOB) - 2022
3. Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Belgium
4. Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Belgium

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Belgium (CIF) - 2022

In 2022, the average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $8,431 per ton, with a decrease of -29.3% against the previous year. In general, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2016 an increase of 60%. The import price peaked at $24,480 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($23,392 per ton), while the price for Austria ($2,938 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+3.4%), while the prices for the other major suppliers experienced a decline.

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Belgium (FOB) - 2022

In 2022, the average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $18,283 per ton, reducing by -20.1% against the previous year. In general, the export price showed a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 31% against the previous year. The export price peaked at $43,493 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($123,120 per ton), while the average price for exports to Germany ($7,338 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 Russia (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Belgium

In 2022, approx. 1.6K tons of machine-tools; parts and accessories, for the machines of heading no. 8464 were imported into Belgium; rising by 74% against the previous year. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 132%. Over the period under review, imports of machine-tools; parts and accessories, for machines of heading no. 8464 hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 soared to $13M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 55%. Over the period under review, imports of machine-tools; parts and accessories, for machines of heading no. 8464 hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Belgium in 2022:

1. China (414.5 tons)
2. Germany (411.0 tons)
3. Italy (202.6 tons)
4. France (173.3 tons)
5. Netherlands (145.8 tons)
6. Austria (142.5 tons)

Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Belgium

For the fourth year in a row, Belgium recorded growth in shipments abroad of machine-tools; parts and accessories, for the machines of heading no. 8464, which increased by 42% to 283 tons in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, the exports of machine-tools; parts and accessories, for machines of heading no. 8464 reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 expanded significantly to $5.2M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from Belgium in 2022:

1. Germany (97.7 tons)
2. Luxembourg (38.8 tons)
3. Netherlands (33.9 tons)
4. France (31.9 tons)
5. United States (12.7 tons)
6. Czech Republic (10.3 tons)
7. Estonia (6.9 tons)
8. Italy (6.1 tons)
9. Romania (6.0 tons)
10. Poland (3.8 tons)

Source: IndexBox Market Intelligence Platform