Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in China - 2024
Contents:
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in China (FOB) - 2024
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in China (CIF) - 2022
- Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in China
- Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in China
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in China (FOB) - 2024
In December 2023, the average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $5,979 per ton, shrinking by -11% against the previous month. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in October 2023 an increase of 22% month-to-month. The export price peaked at $10,165 per ton in March 2023; however, from April 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was the United States ($15,006 per ton), while the average price for exports to Mexico ($2,293 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in China (CIF) - 2022
In 2022, the average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $104,669 per ton, increasing by 11% against the previous year. In general, the import price recorded prominent growth. The pace of growth was the most pronounced in 2020 an increase of 65% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($242,276 per ton), while the price for Taiwan (Chinese) ($32,792 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in China
For the fourth year in a row, China recorded growth in shipments abroad of machine-tools; parts and accessories, for the machines of heading no. 8464, which increased by 7.4% to 16K tons in 2022. The total export volume increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 17% against the previous year. Over the period under review, the exports 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 the near future.
In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 surged to $126M in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 3.9 | 8.4 | 9.9 | 21.0 | 75.3% |
| Egypt | 0.7 | 2.4 | 2.6 | 10.6 | 147.4% |
| United States | 5.0 | 3.3 | 4.0 | 8.7 | 20.3% |
| Italy | 10.0 | 8.6 | 7.5 | 7.2 | -10.4% |
| India | 4.0 | 4.3 | 7.5 | 6.1 | 15.1% |
| Saudi Arabia | 0.7 | 2.6 | 2.2 | 4.9 | 91.3% |
| Malaysia | 3.6 | 4.4 | 4.7 | 4.9 | 10.8% |
| Pakistan | 0.5 | 5.3 | 2.2 | 4.1 | 101.7% |
| Taiwan (Chinese) | 3.3 | 5.4 | 9.8 | 4.1 | 7.5% |
| Indonesia | 1.2 | 2.1 | 1.2 | 3.1 | 37.2% |
| Turkey | 0.8 | 1.8 | 1.9 | 2.8 | 51.8% |
| Uzbekistan | 0.4 | 0.8 | 1.4 | 2.6 | 86.6% |
| Nigeria | 0.5 | 1.5 | 2.1 | 1.9 | 56.0% |
| Others | 26.0 | 25.2 | 35.1 | 44.5 | 19.6% |
| Total | 60.8 | 76.1 | 92.1 | 126 | 27.5% |
Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from China in 2022:
- Italy (2.3K tons)
- Vietnam (2.2K tons)
- Egypt (1.2K tons)
- India (1.0K tons)
- Pakistan (0.8K tons)
- Taiwan (Chinese) (0.7K tons)
- Saudi Arabia (0.6K tons)
- United States (0.6K tons)
- Turkey (0.4K tons)
- Indonesia (0.4K tons)
- Malaysia (0.4K tons)
- Nigeria (0.4K tons)
- Uzbekistan (0.3K tons)
Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in China
In 2022, purchases abroad of machine-tools; parts and accessories, for the machines of heading no. 8464 was finally on the rise to reach 178 tons after two years of decline. Over the period under review, imports, however, faced a significant contraction.
In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 rose sharply to $19M in 2022. In general, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year.
| Import of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.4 | 2.2 | 1.5 | 6.8 | 26.0% |
| Germany | 2.6 | 2.6 | 4.6 | 4.3 | 18.3% |
| Japan | 12.2 | 2.4 | 3.5 | 2.8 | -38.8% |
| Taiwan (Chinese) | 2.2 | 0.7 | 0.6 | 1.4 | -14.0% |
| South Korea | 3.3 | 2.3 | 2.8 | 1.2 | -28.6% |
| United States | 1.0 | 1.1 | 1.0 | 0.7 | -11.2% |
| France | 0.9 | 0.5 | 0.5 | 0.3 | -30.7% |
| Others | 0.9 | 1.5 | 1.7 | 1.3 | 13.0% |
| Total | 26.5 | 13.2 | 16.3 | 18.6 | -11.1% |
Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to China in 2022:
- Italy (58.1 tons)
- Taiwan (Chinese) (41.6 tons)
- Germany (23.2 tons)
- Japan (17.6 tons)
- United States (6.7 tons)
- France (6.1 tons)
- South Korea (5.5 tons)
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