Price for Machinery; Parts of Machinery of Heading No. 8422 in Belgium - 2023
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Belgium (CIF) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Belgium (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Belgium
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Belgium
Price for Machinery; Parts of Machinery of Heading No. 8422 in Belgium (CIF) - 2022
In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $23,553 per ton, with an increase of 21% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machinery; parts of machinery of heading no. 8422 increased by +68.4% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 51%. Over the period under review, average import prices attained the peak figure at $23,683 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($32,881 per ton), while the price for France ($10,177 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of Machinery of Heading No. 8422 in Belgium (FOB) - 2022
The average export price for machinery; parts of machinery of heading no. 8422 stood at $58,154 per ton in 2022, shrinking by -14.8% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The growth pace was the most rapid in 2020 an increase of 20%. Over the period under review, the average export prices attained the peak figure at $99,498 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($199,996 per ton), while the average price for exports to Romania ($14,308 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 Cote d'Ivoire (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machinery; Parts of Machinery of Heading No. 8422 in Belgium
In 2022, purchases abroad of machinery; parts of machinery of heading no. 8422 decreased by -24% to 8.3K tons, falling for the second year in a row after two years of growth. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of 12K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of machinery; parts of machinery of heading no. 8422 reduced to $195M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 37% against the previous year.
Import of Machinery; Parts of Machinery of Heading No. 8422 in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 51.5 | 70.1 | 73.9 | 60.7 | 5.6% |
Netherlands | 27.6 | 35.9 | 38.7 | 35.6 | 8.9% |
France | 17.8 | 30.0 | 24.0 | 20.3 | 4.5% |
China | 0.6 | 0.8 | 0.8 | 18.1 | 211.3% |
Italy | 18.6 | 21.3 | 29.8 | 18.0 | -1.1% |
Romania | 3.8 | 5.9 | 6.4 | 4.9 | 8.8% |
Spain | 2.2 | 2.5 | 4.8 | 3.9 | 21.0% |
Others | 24.5 | 34.3 | 32.7 | 33.1 | 10.5% |
Total | 147 | 201 | 211 | 195 | 9.9% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Belgium in 2022:
- France (2.0K tons)
- Germany (2.0K tons)
- Netherlands (1.4K tons)
- Italy (1.0K tons)
- China (0.5K tons)
- Spain (0.3K tons)
- Romania (0.2K tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Belgium
For the fourth year in a row, Belgium recorded growth in overseas shipments of machinery; parts of machinery of heading no. 8422, which increased by 27% to 2.1K tons in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 62% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of machinery; parts of machinery of heading no. 8422 expanded rapidly to $123M in 2022. The total export value increased at an average annual rate of +13.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Machinery; Parts of Machinery of Heading No. 8422 in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 2.1 | 2.2 | 2.6 | 22.0 | 118.8% |
Germany | 14.8 | 17.5 | 19.1 | 13.6 | -2.8% |
Netherlands | 5.6 | 8.0 | 13.0 | 10.0 | 21.3% |
United States | 6.9 | 10.8 | 10.8 | 9.3 | 10.5% |
France | 7.5 | 13.5 | 13.3 | 8.4 | 3.8% |
Poland | 1.6 | 2.3 | 3.9 | 4.9 | 45.2% |
Algeria | 7.5 | 5.3 | 3.7 | 4.0 | -18.9% |
Democratic Republic of the Congo | 1.3 | 0.5 | 2.2 | 3.5 | 39.1% |
Luxembourg | 3.1 | 2.5 | 2.8 | 3.0 | -1.1% |
Romania | 2.2 | 3.7 | 1.9 | 1.9 | -4.8% |
Hungary | 0.9 | 0.8 | 1.2 | 1.7 | 23.6% |
Others | 30.6 | 34.0 | 39.7 | 40.8 | 10.1% |
Total | 83.9 | 101 | 114 | 123 | 13.6% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Belgium in 2022:
- Italy (616.7 tons)
- Netherlands (306.8 tons)
- Germany (181.2 tons)
- United States (137.2 tons)
- Romania (131.0 tons)
- Democratic Republic of the Congo (123.9 tons)
- France (114.6 tons)
- Luxembourg (92.3 tons)
- Poland (58.0 tons)
- Hungary (46.9 tons)
- Algeria (20.3 tons)
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