Price for Machinery; Parts of the Machinery of Heading No. 8425 in Finland - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Finland (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Finland (CIF) - 2023
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Finland
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Finland
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Finland (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $40,899 per ton in 2022, with a decrease of -2.7% against the previous year. In general, the export price, however, continues to indicate a temperate increase. The pace of growth appeared the most rapid in 2016 an increase of 79%. Over the period under review, the average export prices attained the maximum at $59,272 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($118,484 per ton), while the average price for exports to China ($12,357 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 Mongolia (+45.8%), 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 Finland (CIF) - 2023
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $5,787 per ton in November 2023, which is down by -11.6% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 23% m-o-m. As a result, import price reached the peak level of $6,847 per ton. From October 2023 to November 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was Turkey ($7,410 per ton), while the price for China ($4,956 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 Italy (+12.6%), 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 Finland
After three years of growth, shipments abroad of machinery; parts of the machinery of heading no. 8425 decreased by -0.7% to 1K tons in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 81%.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 declined slightly to $43M in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 67% against the previous year. As a result, the exports attained the peak of $44M, and then reduced modestly in the following year.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.2 | 10.0 | 21.7 | 18.2 | 25.5% |
| United States | 0.4 | 1.5 | 3.1 | 4.2 | 119.0% |
| South Korea | 3.1 | 4.1 | 3.5 | 3.7 | 6.1% |
| China | 2.3 | 5.2 | 6.6 | 2.5 | 2.8% |
| Germany | 0.7 | 0.9 | 1.4 | 1.8 | 37.0% |
| France | 0.4 | 0.4 | 0.9 | 1.3 | 48.1% |
| Turkey | 1.2 | 0.5 | 0.5 | 0.9 | -9.1% |
| Poland | 0.2 | 0.3 | 0.2 | 0.8 | 58.7% |
| Norway | 0.1 | 0.1 | 0.1 | 0.7 | 91.3% |
| Sweden | 0.3 | 0.2 | 0.3 | 0.6 | 26.0% |
| Russia | 0.5 | 0.2 | 0.6 | 0.1 | -41.5% |
| Others | 4.1 | 3.2 | 5.3 | 8.2 | 26.0% |
| Total | 22.3 | 26.4 | 44.3 | 42.7 | 24.2% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Finland in 2022:
- China (199.5 tons)
- United States (176.8 tons)
- South Korea (168.6 tons)
- Netherlands (153.3 tons)
- Germany (45.3 tons)
- Turkey (34.1 tons)
- Poland (29.0 tons)
- France (23.7 tons)
- Norway (16.3 tons)
- Sweden (15.7 tons)
- Russia (3.6 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Finland
In 2022, imports of machinery; parts of the machinery of heading no. 8425 into Finland rose notably to 6.7K tons, growing by 5.1% on the previous year's figure. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 91%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 soared to $33M in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 2.4 | 3.1 | 8.4 | 11.1 | 66.6% |
| Poland | 1.3 | 1.8 | 4.3 | 6.1 | 67.4% |
| China | 3.3 | 3.4 | 4.8 | 4.2 | 8.4% |
| Germany | 4.9 | 2.2 | 3.3 | 2.7 | -18.0% |
| Sweden | 0.6 | 0.8 | 1.7 | 2.5 | 60.9% |
| Italy | 1.5 | 1.1 | 1.5 | 1.8 | 6.3% |
| Lithuania | 0.6 | 0.3 | 0.5 | 0.7 | 5.3% |
| Austria | 1.0 | 0.3 | 0.3 | 0.2 | -41.5% |
| Others | 2.8 | 3.5 | 3.9 | 3.8 | 10.7% |
| Total | 18.3 | 16.6 | 28.6 | 33.0 | 21.7% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Finland in 2022:
- Estonia (2615.7 tons)
- Poland (2371.7 tons)
- China (677.4 tons)
- Lithuania (195.4 tons)
- Germany (187.2 tons)
- Italy (113.5 tons)
- Sweden (107.0 tons)
- Austria (54.3 tons)
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