Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Canada - 2024

Contents:

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

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

In 2022, the average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $36,921 per ton, dropping by -1.6% against the previous year. In general, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2013 a decrease of -0.5%. Over the period under review, average import prices attained the maximum at $42,716 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Switzerland ($36,905 per ton) and Sweden ($36,902 per ton), while the price for Italy ($36,897 per ton) and the United States ($36,897 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (-1.5%), 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 Canada (FOB) - 2022

In 2022, the average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $64,210 per ton, with a decrease of -6.6% against the previous year. Over the period under review, the export price, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 108% against the previous year. The export price peaked at $172,998 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($72,373 per ton) and Norway ($70,490 per ton), while the average price for exports to the United States ($63,505 per ton) and Finland ($63,516 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+3.4%), 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 Canada

In 2022, approx. 440 tons of machine-tools; parts and accessories, for the machines of heading no. 8464 were imported into Canada; with a decrease of -1.8% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of 449 tons, and then declined slightly in the following year.

In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 contracted to $16M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 26%. As a result, imports reached the peak of $17M, and then reduced modestly in the following year.

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

1. United States (120.8 tons)
2. Italy (103.0 tons)
3. China (60.8 tons)
4. Sweden (37.2 tons)
5. Germany (27.5 tons)
6. France (20.1 tons)
7. Austria (14.7 tons)
8. Switzerland (8.8 tons)

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

In 2022, approx. 79 tons of machine-tools; parts and accessories, for the machines of heading no. 8464 were exported from Canada; with an increase of 7.3% on the year before. The total export volume increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, the exports of machine-tools; parts and accessories, for machines of heading no. 8464 attained the peak figure 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 totaled $5.1M in 2022. The total export value increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, the exports of machine-tools; parts and accessories, for machines of heading no. 8464 attained the maximum in 2022 and are likely to see gradual growth in years to come.

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

1. United States (59.1 tons)
2. Kazakhstan (2.8 tons)
3. Turkey (2.5 tons)
4. Finland (2.5 tons)
5. Russia (2.5 tons)
6. India (2.2 tons)
7. France (1.9 tons)
8. South Africa (1.5 tons)
9. Norway (1.3 tons)

Source: IndexBox Market Intelligence Platform