Price for Machinery; Parts of the Machinery of Heading No. 8425 in Luxembourg - 2023

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Luxembourg (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Luxembourg (FOB) - 2023
3. Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Luxembourg
4. Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Luxembourg

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

In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $26,889 per ton, rising by 27% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machinery; parts of the machinery of heading no. 8425 increased by +87.8% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 48% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 Germany ($42,477 per ton), while the price for Italy ($6,061 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced a decline.

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Luxembourg (FOB) - 2023

In November 2023, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $118K per ton, remaining stable against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 83% against the previous month. Over the period under review, the average export prices reached the maximum at $138K per ton in January 2023; however, from February 2023 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Saudi Arabia ($900K per ton), while the average price for exports to India ($43,130 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of machinery; parts of the machinery of heading no. 8425 into Luxembourg dropped dramatically to 114 tons, with a decrease of -16.9% against the previous year's figure. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports reached the peak of 137 tons, and then contracted remarkably in the following year.

In value terms, imports of machinery; parts of the machinery of heading no. 8425 expanded rapidly to $3.1M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Germany (56.9 tons)
2. Italy (38.9 tons)
3. France (10.1 tons)
4. Belgium (5.2 tons)

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

In 2022, exports of machinery; parts of the machinery of heading no. 8425 from Luxembourg skyrocketed to 40 tons, increasing by 78% compared with 2021 figures. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of machinery; parts of the machinery of heading no. 8425 skyrocketed to $1.9M in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 68%. Over the period under review, the exports of machinery; parts of machinery of heading no. 8425 attained the maximum in 2022 and are likely to continue growth in the immediate term.

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

1. Netherlands (27.2 tons)
2. Belgium (7.2 tons)
3. France (2.8 tons)
4. Germany (0.6 tons)
5. India (0.5 tons)
6. United Arab Emirates (0.4 tons)
7. Turkey (0.1 tons)

Source: IndexBox Market Intelligence Platform