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

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Portugal (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Portugal (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Portugal
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Portugal

Price for Machinery; Parts of Machinery of Heading No. 8422 in Portugal (CIF) - 2022

In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $23,391 per ton, with a decrease of -27.6% against the previous year. Over the period under review, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 55%. Over the period under review, average import prices hit record highs at $56,579 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($46,617 per ton), while the price for Lithuania ($4,753 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.2%), while the prices for the other major suppliers experienced a decline.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Portugal (FOB) - 2022

The average export price for machinery; parts of machinery of heading no. 8422 stood at $47,485 per ton in 2022, jumping by 53% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($154,492 per ton), while the average price for exports to France ($10,840 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 Angola (+4.4%), while the prices for the other major destinations experienced a decline.

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Portugal

In 2022, approx. 2.1K tons of machinery; parts of machinery of heading no. 8422 were imported into Portugal; with an increase of 11% compared with the previous year. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of machinery; parts of machinery of heading no. 8422 declined markedly to $49M in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports reached the peak of $62M, and then shrank dramatically in the following year.

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

1. Spain (1100.8 tons)
2. Germany (321.6 tons)
3. Italy (216.4 tons)
4. Netherlands (101.1 tons)
5. Lithuania (91.6 tons)
6. France (72.9 tons)
7. Denmark (69.9 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Portugal

In 2022, shipments abroad of machinery; parts of machinery of heading no. 8422 decreased by -11% to 257 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, the exports reached the peak of 289 tons, and then fell in the following year.

In value terms, exports of machinery; parts of machinery of heading no. 8422 surged to $12M in 2022. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. France (99.4 tons)
2. Angola (85.1 tons)
3. Spain (26.3 tons)
4. Poland (8.6 tons)
5. Austria (7.7 tons)
6. Germany (7.3 tons)
7. United States (4.7 tons)

Source: IndexBox Market Intelligence Platform