Price for Machinery; Parts of Machinery of Heading No. 8422 in Argentina - 2023

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Argentina (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Argentina (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Argentina
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Argentina

Price for Machinery; Parts of Machinery of Heading No. 8422 in Argentina (CIF) - 2022

The average import price for machinery; parts of machinery of heading no. 8422 stood at $92,742 per ton in 2022, jumping by 37% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The import price peaked at $165,756 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Germany ($217,424 per ton), while the price for Turkey ($17,477 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.5%), while the prices for the other major suppliers experienced a decline.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Argentina (FOB) - 2022

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $59,626 per ton, rising by 9.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices hit record highs at $68,744 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($172,729 per ton), while the average price for exports to Australia ($7,894 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 Paraguay (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Argentina

In 2022, approx. 421 tons of machinery; parts of machinery of heading no. 8422 were imported into Argentina; increasing by 4.3% compared with the year before. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year.

In value terms, imports of machinery; parts of machinery of heading no. 8422 skyrocketed to $39M in 2022. Overall, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +4.5% 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 +78.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Argentina in 2022:

1. China (146.1 tons)
2. Turkey (61.5 tons)
3. Italy (55.7 tons)
4. Germany (46.8 tons)
5. Spain (30.0 tons)
6. Brazil (29.2 tons)
7. United States (28.7 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Argentina

In 2022, the amount of machinery; parts of machinery of heading no. 8422 exported from Argentina fell to 93 tons, shrinking by -8% compared with the year before. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 9.7%.

In value terms, exports of machinery; parts of machinery of heading no. 8422 amounted to $5.6M in 2022. In general, exports saw a abrupt shrinkage.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Argentina in 2022:

1. Mexico (17.5 tons)
2. Bolivia (13.2 tons)
3. Uruguay (9.7 tons)
4. Brazil (8.0 tons)
5. Chile (8.0 tons)
6. Australia (7.2 tons)
7. Ecuador (5.7 tons)
8. Dominican Republic (5.4 tons)
9. Paraguay (4.2 tons)
10. Nicaragua (4.0 tons)
11. Peru (3.3 tons)
12. United States (2.8 tons)

Source: IndexBox Market Intelligence Platform