Price for Machinery; Parts of Machinery of Heading No. 8422 in Norway - 2024
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Norway (CIF) - 2024
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Norway (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Norway
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Norway
Price for Machinery; Parts of Machinery of Heading No. 8422 in Norway (CIF) - 2024
The average import price for machinery; parts of machinery of heading no. 8422 stood at $39,907 per ton in January 2024, reducing by -61.7% against the previous month. In general, the import price continues to indicate a perceptible setback. The growth pace was the most rapid in July 2023 when the average import price increased by 101% m-o-m. The import price peaked at $110K per ton in October 2023; however, from November 2023 to January 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($102K per ton), while the price for Denmark ($14,318 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the prices for the other major suppliers experienced a decline.
Price for Machinery; Parts of Machinery of Heading No. 8422 in Norway (FOB) - 2022
In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $72,677 per ton, stabilizing at the previous year. Over the period under review, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 74%. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($149,103 per ton), while the average price for exports to Austria ($10,778 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 Iceland (+22.4%), 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 Norway
For the fourth year in a row, Norway recorded growth in overseas purchases of machinery; parts of machinery of heading no. 8422, which increased by 66% to 747 tons in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of machinery; parts of machinery of heading no. 8422 stood at $38M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.8% 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 +55.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.7 | 6.9 | 10.7 | 17.2 | 36.9% |
| Italy | 4.9 | 7.3 | 5.3 | 5.4 | 3.3% |
| Sweden | 4.0 | 3.2 | 6.9 | 4.8 | 6.3% |
| Denmark | 2.6 | 2.1 | 3.2 | 2.5 | -1.3% |
| Belgium | 0.2 | 0.2 | 1.9 | 1.2 | 81.7% |
| Netherlands | 1.1 | 2.0 | 0.9 | 0.8 | -10.1% |
| Austria | 0.4 | 0.5 | 0.6 | 0.5 | 7.7% |
| China | 0.3 | 0.4 | 0.4 | 0.5 | 18.6% |
| Others | 4.5 | 5.7 | 4.8 | 5.2 | 4.9% |
| Total | 24.6 | 28.3 | 34.9 | 38.3 | 15.9% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Norway in 2022:
- Germany (384.8 tons)
- Italy (104.1 tons)
- Sweden (95.9 tons)
- Denmark (43.8 tons)
- Belgium (30.5 tons)
- China (19.3 tons)
- Austria (11.6 tons)
- Netherlands (9.7 tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Norway
In 2022, overseas shipments of machinery; parts of machinery of heading no. 8422 were finally on the rise to reach 34 tons after two years of decline. In general, exports, however, continue to indicate a sharp decrease.
In value terms, exports of machinery; parts of machinery of heading no. 8422 soared to $2.4M in 2022. Overall, exports, however, showed a relatively flat trend pattern.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 582 | 525 | 361 | 865 | 14.1% |
| Netherlands | 40.6 | 158 | 24.7 | 664 | 153.8% |
| Germany | 204 | 139 | 134 | 161 | -7.6% |
| Finland | 127 | 44.0 | 2.8 | 121 | -1.6% |
| Denmark | 402 | 64.9 | 63.7 | 53.3 | -49.0% |
| Iceland | 65.7 | 1.6 | 18.9 | 47.1 | -10.5% |
| United Kingdom | 50.3 | 140 | 31.6 | 39.7 | -7.6% |
| Italy | 116 | 64.5 | 2.1 | 0.5 | -83.7% |
| Others | 908 | 1,086 | 860 | 490 | -18.6% |
| Total | 2,496 | 2,223 | 1,499 | 2,441 | -0.7% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Norway in 2022:
- Sweden (19.6 tons)
- Netherlands (4.5 tons)
- Germany (2.7 tons)
- Denmark (1.3 tons)
- Finland (1.0 tons)
- Iceland (0.6 tons)
- United Kingdom (0.6 tons)
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