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

Contents:

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

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

The average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $12,238 per ton in 2022, falling by -15.3% against the previous year. Overall, the import price showed a mild contraction. The pace of growth was the most pronounced in 2013 an increase of 41% against the previous year. The import price peaked at $24,114 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Portugal ($139,308 per ton), while the price for China ($5,045 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $19,115 per ton in 2022, with an increase of 31% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($47,092 per ton), while the average price for exports to Botswana ($6,810 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 Hong Kong SAR (+40.7%), 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 South Africa

In 2022, the amount of machine-tools; parts and accessories, for the machines of heading no. 8464 imported into South Africa surged to 299 tons, with an increase of 33% against 2021 figures. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 95% against the previous year. Over the period under review, imports of machine-tools; parts and accessories, for machines of heading no. 8464 reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 rose significantly to $3.7M in 2022. In general, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +4.2% 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 +71.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. 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 expected to retain growth in the near future.

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

1. China (230.6 tons)
2. Italy (44.7 tons)
3. Australia (5.1 tons)

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

In 2022, the amount of machine-tools; parts and accessories, for the machines of heading no. 8464 exported from South Africa surged to 19 tons, increasing by 23% on 2021 figures. Overall, exports, however, showed a abrupt downturn.

In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 skyrocketed to $365K in 2022. Over the period under review, exports, however, saw a slight reduction.

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

1. Mozambique (3.6 tons)
2. Zimbabwe (3.0 tons)
3. Namibia (1.6 tons)
4. Democratic Republic of the Congo (1.5 tons)
5. Zambia (1.3 tons)
6. Botswana (1.2 tons)
7. Tanzania (0.9 tons)
8. Malawi (0.7 tons)
9. Swaziland (0.7 tons)
10. Burkina Faso (0.5 tons)
11. Kenya (0.4 tons)
12. Hong Kong SAR (0.4 tons)
13. Germany (0.4 tons)

Source: IndexBox Market Intelligence Platform