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

Contents:

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

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

The average import price for machinery; parts of machinery of heading no. 8422 stood at $22,501 per ton in 2022, reducing by -5.7% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 6.6%. The import price peaked at $43,076 per ton in 2013; however, from 2014 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 Germany ($48,144 per ton), while the price for Poland ($5,985 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $98,333 per ton, declining by -9.3% against the previous year. Overall, the export price, however, recorded a moderate increase. The growth pace was the most rapid in 2019 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices attained the peak figure at $108,415 per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($135,197 per ton), while the average price for exports to Cambodia ($58,123 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 Switzerland (+11.1%), 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 the UK

In 2022, purchases abroad of machinery; parts of machinery of heading no. 8422 decreased by -17.2% to 11K tons, falling for the second year in a row after two years of growth. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2020 when imports increased by 16%. As a result, imports attained the peak of 14K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of machinery; parts of machinery of heading no. 8422 fell remarkably to $240M in 2022. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 13% against the previous year. As a result, imports reached the peak of $348M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Italy (4773.4 tons)
2. Germany (1182.2 tons)
3. France (1049.9 tons)
4. Austria (534.5 tons)
5. China (520.0 tons)
6. Belgium (421.1 tons)
7. Poland (308.4 tons)
8. Spain (293.3 tons)
9. Denmark (249.6 tons)
10. Netherlands (237.6 tons)
11. Finland (166.4 tons)
12. Lithuania (11.3 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in the UK

In 2022, exports of machinery; parts of machinery of heading no. 8422 from the UK expanded markedly to 1.3K tons, picking up by 12% compared with the previous year. The total export volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of machinery; parts of machinery of heading no. 8422 expanded slightly to $131M in 2022. The total export value increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 10%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. United States (271.6 tons)
2. Germany (115.2 tons)
3. Poland (96.8 tons)
4. Netherlands (90.4 tons)
5. Cambodia (72.7 tons)
6. Italy (65.7 tons)
7. Ireland (53.3 tons)
8. France (50.1 tons)
9. South Africa (47.5 tons)
10. Australia (36.8 tons)
11. Spain (32.4 tons)
12. China (30.2 tons)
13. Switzerland (25.6 tons)

Source: IndexBox Market Intelligence Platform