Price for Machinery; Parts of Machinery of Heading No. 8422 in Indonesia - 2022
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Indonesia (CIF) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Indonesia (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Indonesia
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Indonesia
Price for Machinery; Parts of Machinery of Heading No. 8422 in Indonesia (CIF) - 2022
The average import price for machinery; parts of machinery of heading no. 8422 stood at $122K per ton in March 2022, surging by 96% against the previous month. In general, the import price recorded moderate growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($309K per ton), while the price for Taiwan (Chinese) ($28,404 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by South Korea (+18.5%), 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 Indonesia (FOB) - 2022
The average export price for machinery; parts of machinery of heading no. 8422 stood at $6,196 per ton in March 2022, reducing by -71.3% against the previous month. Over the period under review, the export price saw a noticeable decrease. The pace of growth was the most pronounced in June 2021 an increase of 316% against the previous month. As a result, the export price reached the peak level of $71,938 per ton. From July 2021 to March 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($20,892 per ton), while the average price for exports to Japan ($3,404 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.9%), 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 Indonesia
In 2022, the amount of machinery; parts of machinery of heading no. 8422 imported into Indonesia shrank to 1.8K tons, which is down by -12.6% compared with 2021 figures. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of 2K tons, and then dropped in the following year.
In value terms, imports of machinery; parts of machinery of heading no. 8422 declined to $82M in 2022. Over the period under review, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of 2.1%.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 26.3 | 27.3 | 23.1 | 23.6 | -3.5% |
| China | 9.1 | 11.4 | 13.7 | 14.1 | 15.7% |
| Germany | 22.5 | 19.0 | 22.1 | 13.7 | -15.2% |
| Japan | 4.1 | 4.5 | 5.7 | 3.4 | -6.0% |
| Thailand | 2.4 | 2.8 | 1.9 | 2.7 | 4.0% |
| Singapore | 4.2 | 5.0 | 2.5 | 2.5 | -15.9% |
| Taiwan (Chinese) | 2.2 | 1.9 | 1.9 | 2.0 | -3.1% |
| Malaysia | 0.7 | 0.4 | 0.9 | 1.8 | 37.0% |
| South Korea | 0.9 | 0.7 | 1.0 | 1.8 | 26.0% |
| Others | 21.8 | 14.0 | 16.0 | 16.7 | -8.5% |
| Total | 94.2 | 87.0 | 88.8 | 82.4 | -4.4% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Indonesia in 2022:
- China (1057.1 tons)
- Italy (182.8 tons)
- Germany (178.8 tons)
- South Korea (69.9 tons)
- Taiwan (Chinese) (59.1 tons)
- Malaysia (34.6 tons)
- Thailand (34.5 tons)
- Japan (32.9 tons)
- Singapore (22.1 tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Indonesia
In 2022, overseas shipments of machinery; parts of machinery of heading no. 8422 increased by 13% to 141 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a pronounced decline.
In value terms, exports of machinery; parts of machinery of heading no. 8422 shrank significantly to $2M in 2022. Overall, exports, however, faced a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 141 | 198 | 142 | 468 | 49.2% |
| Singapore | 1,371 | 726 | 434 | 418 | -32.7% |
| Japan | 331 | 223 | 162 | 199 | -15.6% |
| Australia | 55.3 | 15.7 | 25.0 | 124 | 30.9% |
| Egypt | 13.1 | 67.6 | N/A | 123 | 111.0% |
| Myanmar | N/A | 188 | 10.7 | 113 | -22.5% |
| Serbia | 1.1 | 8.2 | 16.7 | 109 | 362.7% |
| United Arab Emirates | 54.3 | 43.6 | 91.0 | 63.4 | 5.3% |
| Guatemala | N/A | N/A | N/A | 42.4 | 0% |
| Malaysia | 59.8 | 52.3 | 31.9 | 27.6 | -22.7% |
| India | 51.1 | N/A | N/A | 23.8 | -22.5% |
| Brunei Darussalam | N/A | N/A | 0.5 | 21.0 | 4100.0% |
| Italy | 379 | 99.3 | 1,618 | 2.3 | -81.8% |
| Others | 2,091 | 412 | 958 | 223 | -52.6% |
| Total | 4,547 | 2,034 | 3,490 | 1,957 | -24.5% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Indonesia in 2022:
- Japan (63.2 tons)
- Saudi Arabia (14.5 tons)
- Singapore (13.2 tons)
- Australia (9.6 tons)
- Egypt (5.1 tons)
- Brunei Darussalam (5.0 tons)
- Guatemala (5.0 tons)
- Malaysia (4.7 tons)
- Myanmar (3.3 tons)
- United Arab Emirates (3.2 tons)
- Serbia (3.0 tons)
- India (2.7 tons)
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