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

Contents:

  1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Belgium (CIF) - 2022
  2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Belgium (FOB) - 2022
  3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Belgium
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Germany51.570.173.960.75.6%
Netherlands27.635.938.735.68.9%
France17.830.024.020.34.5%
China0.60.80.818.1211.3%
Italy18.621.329.818.0-1.1%
Romania3.85.96.44.98.8%
Spain2.22.54.83.921.0%
Others24.534.332.733.110.5%
Total1472012111959.9%

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

  1. France (2.0K tons)
  2. Germany (2.0K tons)
  3. Netherlands (1.4K tons)
  4. Italy (1.0K tons)
  5. China (0.5K tons)
  6. Spain (0.3K tons)
  7. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Italy2.12.22.622.0118.8%
Germany14.817.519.113.6-2.8%
Netherlands5.68.013.010.021.3%
United States6.910.810.89.310.5%
France7.513.513.38.43.8%
Poland1.62.33.94.945.2%
Algeria7.55.33.74.0-18.9%
Democratic Republic of the Congo1.30.52.23.539.1%
Luxembourg3.12.52.83.0-1.1%
Romania2.23.71.91.9-4.8%
Hungary0.90.81.21.723.6%
Others30.634.039.740.810.1%
Total83.910111412313.6%

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

  1. Italy (616.7 tons)
  2. Netherlands (306.8 tons)
  3. Germany (181.2 tons)
  4. United States (137.2 tons)
  5. Romania (131.0 tons)
  6. Democratic Republic of the Congo (123.9 tons)
  7. France (114.6 tons)
  8. Luxembourg (92.3 tons)
  9. Poland (58.0 tons)
  10. Hungary (46.9 tons)
  11. Algeria (20.3 tons)

Source: IndexBox Market Intelligence Platform

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