Price for Machinery; Parts of the Machinery of Heading No. 8425 in Angola - 2022

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Angola (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Angola (FOB) - 2022
3. Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Angola
4. Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Angola

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Angola (CIF) - 2022

The average import price for machinery; parts of the machinery of heading no. 8425 stood at $14,760 per ton in 2022, with a decrease of -28.9% against the previous year. In general, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 24% against the previous year. The import price peaked at $30,827 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 Denmark ($127,373 per ton), while the price for Cote d'Ivoire ($2,898 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Angola (FOB) - 2022

The average export price for machinery; parts of the machinery of heading no. 8425 stood at $13,552 per ton in 2022, picking up by 157% against the previous year. Overall, the export price posted resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +16.4% per year.

Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Angola

In 2022, approx. 292 tons of machinery; parts of the machinery of heading no. 8425 were imported into Angola; jumping by 87% on the year before. Overall, imports posted a significant expansion. 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 the machinery of heading no. 8425 skyrocketed to $4.3M in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. Over the period under review, imports of machinery; parts of machinery of heading no. 8425 reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Angola in 2022:

1. China (117.0 tons)
2. South Africa (75.1 tons)
3. United States (44.4 tons)
4. Portugal (19.0 tons)
5. Norway (13.7 tons)
6. United Kingdom (7.5 tons)
7. Cote d'Ivoire (4.8 tons)
8. France (3.2 tons)
9. Germany (2.9 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Angola

In 2022, exports of machinery; parts of the machinery of heading no. 8425 from Angola fell rapidly to 11 tons, waning by -55.4% compared with the previous year. Over the period under review, exports saw a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 176% against the previous year.

In value terms, exports of machinery; parts of the machinery of heading no. 8425 expanded notably to $152K in 2022. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when exports increased by 167%.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Angola in 2022:

1. Norway (11.2 tons)

Source: IndexBox Market Intelligence Platform