Price for Machinery; Parts of the Machinery of Heading No. 8425 in Estonia - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Estonia (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Estonia (CIF) - 2023
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Estonia
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Estonia
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Estonia (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $6,799 per ton in 2022, with an increase of 6.7% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machinery; parts of the machinery of heading no. 8425 increased by +70.7% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 26%. Over the period under review, the average export prices attained the peak figure at $6,826 per ton in 2015; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($16,957 per ton), while the average price for exports to Slovenia ($5,183 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 Norway (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Estonia (CIF) - 2023
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $30,543 per ton in November 2023, remaining stable against the previous month. Overall, the import price, however, recorded a mild increase. The pace of growth appeared the most rapid in January 2023 an increase of 176% m-o-m. As a result, import price attained the peak level of $72,940 per ton. From February 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($464K per ton), while the price for China ($4,136 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+62.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Estonia
In 2022, exports of machinery; parts of the machinery of heading no. 8425 from Estonia rose to 449 tons, increasing by 4.9% on 2021. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 91% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 amounted to $3.1M in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 35.8 | 267 | 666 | 1,037 | 207.1% |
| Netherlands | 507 | 420 | 916 | 979 | 24.5% |
| Finland | 148 | 186 | 414 | 221 | 14.3% |
| Austria | 38.9 | 92.8 | 155 | 135 | 51.4% |
| Poland | 17.6 | 41.6 | 63.1 | 117 | 88.0% |
| Sweden | 44.1 | 41.3 | 26.4 | 88.6 | 26.2% |
| France | 25.9 | 18.5 | 57.6 | 77.8 | 44.3% |
| Czech Republic | 23.1 | 51.6 | 48.4 | 75.2 | 48.2% |
| Latvia | 19.8 | 41.7 | 37.5 | 69.3 | 51.8% |
| Slovenia | 14.2 | 65.3 | 51.9 | 45.9 | 47.9% |
| Belgium | 61.3 | 61.2 | 13.5 | 25.0 | -25.8% |
| Others | 192 | 163 | 280 | 183 | -1.6% |
| Total | 1,127 | 1,451 | 2,728 | 3,053 | 39.4% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Estonia in 2022:
- Netherlands (183.1 tons)
- Germany (162.9 tons)
- Finland (19.0 tons)
- Austria (13.3 tons)
- Poland (12.4 tons)
- Czech Republic (11.0 tons)
- France (10.8 tons)
- Slovenia (8.9 tons)
- Latvia (8.3 tons)
- Sweden (5.8 tons)
- Belgium (3.7 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Estonia
In 2022, after two years of decline, there was significant growth in overseas purchases of machinery; parts of the machinery of heading no. 8425, when their volume increased by 17% to 78 tons. In general, imports, however, continue to indicate a dramatic decline.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 declined to $1M in 2022. Over the period under review, imports, however, continue to indicate a significant decline.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1,395 | 924 | 304 | 607 | -24.2% |
| Germany | 355 | 256 | 185 | 148 | -25.3% |
| China | 27.1 | 154 | 199 | 64.2 | 33.3% |
| Italy | 30.1 | 89.6 | 27.5 | 48.3 | 17.1% |
| Latvia | 5.1 | 17.9 | 9.5 | 33.8 | 87.8% |
| Netherlands | 58.0 | 64.0 | 26.7 | 14.9 | -36.4% |
| Norway | 88.8 | 20.1 | 82.1 | 0.9 | -78.4% |
| Others | 179 | 160 | 370 | 119 | -12.7% |
| Total | 2,138 | 1,686 | 1,203 | 1,036 | -21.5% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Estonia in 2022:
- Finland (54.5 tons)
- Italy (6.9 tons)
- China (5.5 tons)
- Germany (5.4 tons)
- Latvia (2.2 tons)
- Netherlands (0.7 tons)
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