Price for Machinery; Parts of Machinery of Heading No. 8422 in Estonia - 2023
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Estonia (FOB) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Estonia (CIF) - 2022
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Estonia
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Estonia
Price for Machinery; Parts of Machinery of Heading No. 8422 in Estonia (FOB) - 2022
The average export price for machinery; parts of machinery of heading no. 8422 stood at $18,543 per ton in 2022, growing by 32% against the previous year. In general, the export price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2019 an increase of 42%. Over the period under review, the average export prices hit record highs at $24,431 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($130,029 per ton), while the average price for exports to Germany ($9,413 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 Finland (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Machinery; Parts of Machinery of Heading No. 8422 in Estonia (CIF) - 2022
In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $74,539 per ton, with an increase of 36% against the previous year. In general, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 83%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
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 the Czech Republic ($329,667 per ton), while the price for Latvia ($7,774 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+88.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Estonia
In 2022, exports of machinery; parts of machinery of heading no. 8422 from Estonia was estimated at 459 tons, with an increase of 14% on 2021. In general, exports, however, recorded a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year. As a result, the exports attained the peak of 1.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of machinery; parts of machinery of heading no. 8422 surged to $8.5M in 2022. Overall, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 62% against the previous year. As a result, the exports attained the peak of $23M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.2 | 1.2 | 1.7 | 3.1 | 37.2% |
| Sweden | 1.2 | 1.0 | 1.1 | 2.3 | 24.2% |
| Germany | 1.4 | 1.1 | 1.7 | 2.3 | 18.0% |
| Spain | 1.0 | N/A | N/A | N/A | 0% |
| India | 2.5 | 8.0 | 0.4 | N/A | -60.0% |
| Finland | 5.9 | 11.2 | 0.2 | N/A | -81.6% |
| Others | 1.2 | 0.9 | 0.5 | 0.9 | -9.1% |
| Total | 14.5 | 23.4 | 5.6 | 8.5 | -16.3% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Estonia in 2022:
- Germany (241.3 tons)
- Sweden (183.6 tons)
- Russia (23.7 tons)
- Finland (0.9 tons)
Imports of Machinery; Parts of Machinery of Heading No. 8422 in Estonia
In 2022, approx. 85 tons of machinery; parts of machinery of heading no. 8422 were imported into Estonia; declining by -11.5% on 2021. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year.
In value terms, imports of machinery; parts of machinery of heading no. 8422 surged to $6.3M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +84.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,192 | 917 | 1,960 | 2,989 | 35.9% |
| Italy | 706 | 541 | 882 | 916 | 9.1% |
| Finland | 289 | 540 | 544 | 367 | 8.3% |
| Cyprus | N/A | 325 | 525 | 348 | 3.5% |
| Lithuania | 16.5 | 31.6 | 14.9 | 331 | 171.7% |
| Sweden | 98.6 | 250 | 159 | 226 | 31.8% |
| France | 38.0 | 1.3 | 7.6 | 202 | 74.5% |
| Spain | 26.0 | 19.1 | 67.3 | 93.8 | 53.4% |
| Denmark | 89.4 | 22.2 | 206 | 83.5 | -2.3% |
| Poland | 51.4 | 52.3 | 94.4 | 68.3 | 9.9% |
| China | 73.2 | 36.0 | 37.9 | 59.9 | -6.5% |
| Latvia | 87.6 | 160 | 234 | 33.5 | -27.4% |
| Others | 1,296 | 533 | 527 | 601 | -22.6% |
| Total | 3,963 | 3,429 | 5,259 | 6,318 | 16.8% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Estonia in 2022:
- Germany (37.6 tons)
- Italy (12.1 tons)
- Finland (6.9 tons)
- Lithuania (5.6 tons)
- Latvia (4.3 tons)
- Sweden (3.4 tons)
- Denmark (1.9 tons)
- France (1.8 tons)
- Cyprus (1.8 tons)
- China (1.4 tons)
- Poland (1.3 tons)
- Spain (1.3 tons)
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