Price for Machinery; Parts of the Machinery of Heading No. 8425 in Saudi Arabia - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Saudi Arabia (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Saudi Arabia (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Saudi Arabia
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Saudi Arabia
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Saudi Arabia (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $7,878 per ton in 2021, increasing by 36% against the previous year. In general, the export price saw noticeable growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 347%. As a result, the export price reached the peak level of $30,978 per ton. From 2017 to 2021, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($70,245 per ton), while the average price for exports to Germany ($1,286 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+234.4%), 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 Saudi Arabia (CIF) - 2022
In 2021, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $10,701 per ton, surging by 9.4% against the previous year. In general, the import price, however, showed a perceptible setback. The pace of growth was the most pronounced in 2016 when the average import price increased by 42% against the previous year. Over the period under review, average import prices attained the peak figure at $15,048 per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($30,269 per ton), while the price for China ($2,524 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.0%), 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 Saudi Arabia
In 2022, shipments abroad of machinery; parts of the machinery of heading no. 8425 decreased by -92.2% to 11 tons, falling for the second year in a row after two years of growth. In general, exports saw a precipitous decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 46% against the previous year. As a result, the exports attained the peak of 264 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 shrank notably to $114K in 2022. Overall, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $1.5M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | 4.0 | 641 | 691 | 1214.3% | |
| Bahrain | N/A | 446 | 250 | -43.9% | |
| Nigeria | N/A | N/A | 89.6 | 0% | |
| Yemen | N/A | N/A | 22.5 | 0% | |
| Germany | N/A | 8.0 | 18.5 | 131.3% | |
| Egypt | N/A | 22.7 | 3.7 | -83.7% | |
| Kuwait | N/A | 133 | N/A | 0% | |
| Others | 934 | 273 | 35.5 | -80.5% | |
| Total | 938 | 1,523 | 1,110 | 8.8% | |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Saudi Arabia in 2022:
- United Arab Emirates (46.2 tons)
- Bahrain (35.9 tons)
- Nigeria (34.0 tons)
- Germany (14.3 tons)
- Yemen (13.0 tons)
- Egypt (0.1 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Saudi Arabia
In 2021, after two years of growth, there was significant decline in overseas purchases of machinery; parts of the machinery of heading no. 8425, when their volume decreased by -36.7% to 1.2K tons. In general, imports saw a pronounced contraction. The pace of growth appeared the most rapid in 2020 with an increase of 44%. As a result, imports attained the peak of 1.9K tons, and then dropped remarkably in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 contracted rapidly to $13M in 2021. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 26%. As a result, imports attained the peak of $19M, and then reduced dramatically in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 1.4 | 1.9 | 2.3 | 28.2% | |
| Estonia | 0.7 | 2.5 | 2.0 | 69.0% | |
| United States | 3.4 | 3.2 | 1.9 | -25.2% | |
| Finland | 0.8 | 0.7 | 1.1 | 17.3% | |
| Italy | 0.8 | 0.7 | 1.0 | 11.8% | |
| China | 1.0 | 4.1 | 0.8 | -10.6% | |
| India | N/A | 0.4 | 0.7 | 75.0% | |
| France | 1.6 | 0.9 | 0.7 | -33.9% | |
| Netherlands | 0.6 | 0.4 | 0.5 | -8.7% | |
| United Arab Emirates | 1.0 | 0.4 | N/A | -60.0% | |
| Others | 3.8 | 3.9 | 2.0 | -27.5% | |
| Total | 15.0 | 18.9 | 13.1 | -6.5% | |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Saudi Arabia in 2022:
- China (328.9 tons)
- Estonia (167.5 tons)
- Germany (134.8 tons)
- India (76.9 tons)
- Italy (76.2 tons)
- Netherlands (63.6 tons)
- Finland (63.1 tons)
- United States (63.0 tons)
- France (39.2 tons)
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