Price for Machinery; Parts of the Machinery of Heading No. 8425 in the United States - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in the United States (CIF) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in the United States (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in the United States
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in the United States
Price for Machinery; Parts of the Machinery of Heading No. 8425 in the United States (CIF) - 2023
In December 2023, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $15,025 per ton, dropping by -10.8% against the previous month. Over the period under review, import price indicated modest growth from December 2022 to December 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for machinery; parts of the machinery of heading no. 8425 increased by +10.0% against October 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 62% m-o-m. As a result, import price attained the peak level of $18,530 per ton. From April 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($29,731 per ton), while the price for China ($4,695 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+8.3%), 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 the United States (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $28,238 per ton in 2022, shrinking by -17.9% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of 52% against the previous year. Over the period under review, the average export prices reached the peak figure at $34,377 per ton in 2021, and then dropped sharply in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($330,116 per ton), while the average price for exports to Spain ($6,487 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 Canada (+33.1%), 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 the United States
In 2022, the amount of machinery; parts of the machinery of heading no. 8425 imported into the United States soared to 34K tons, rising by 30% compared with 2021 figures. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 surged to $307M in 2022. In general, imports, however, saw a noticeable descent.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.0 | 47.9 | 65.6 | 84.9 | 12.9% |
| Canada | 56.1 | 61.1 | 40.7 | 47.5 | -5.4% |
| Japan | 14.9 | 11.2 | 13.5 | 32.8 | 30.1% |
| United Kingdom | 50.5 | 17.8 | 16.3 | 25.0 | -20.9% |
| Finland | 8.4 | 16.3 | 15.2 | 20.9 | 35.5% |
| Germany | 20.5 | 18.1 | 17.5 | 17.2 | -5.7% |
| Sweden | 45.2 | 5.5 | 0.9 | 10.1 | -39.3% |
| Netherlands | 6.6 | 9.2 | 11.9 | 9.7 | 13.7% |
| Taiwan (Chinese) | 6.5 | 6.3 | 5.9 | 9.5 | 13.5% |
| Italy | 9.2 | 8.6 | 10.4 | 6.7 | -10.0% |
| South Korea | 8.7 | 3.6 | 2.0 | 3.4 | -26.9% |
| Others | 47.4 | 31.9 | 52.4 | 39.4 | -6.0% |
| Total | 333 | 238 | 252 | 307 | -2.7% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to the United States in 2022:
- China (15.6K tons)
- Taiwan (Chinese) (4.2K tons)
- Canada (2.8K tons)
- Japan (2.4K tons)
- Germany (1.8K tons)
- United Kingdom (1.6K tons)
- Finland (1.3K tons)
- Netherlands (0.6K tons)
- Sweden (0.5K tons)
- South Korea (0.4K tons)
- Italy (0.3K tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in the United States
In 2022, approx. 5.7K tons of machinery; parts of the machinery of heading no. 8425 were exported from the United States; increasing by 26% against the year before. In general, exports, however, faced a abrupt shrinkage.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 stood at $162M in 2022. Overall, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 43.5 | 37.8 | 58.3 | 55.8 | 8.7% |
| Mexico | 18.0 | 12.5 | 13.6 | 15.1 | -5.7% |
| United Kingdom | 7.1 | 4.3 | 4.8 | 5.6 | -7.6% |
| Australia | 2.6 | 1.8 | 4.1 | 5.2 | 26.0% |
| Germany | 4.9 | 4.4 | 4.3 | 3.9 | -7.3% |
| China | 4.9 | 3.1 | 2.7 | 3.4 | -11.5% |
| South Korea | 4.0 | 3.5 | 3.8 | 2.5 | -14.5% |
| Brazil | 3.4 | 2.3 | 2.6 | 2.4 | -11.0% |
| India | 9.1 | 2.0 | 1.7 | 2.2 | -37.7% |
| Qatar | 10.2 | 1.6 | 1.0 | 1.8 | -43.9% |
| Saudi Arabia | 2.8 | 2.4 | 1.4 | 1.8 | -13.7% |
| British Virgin Islands | 0.3 | 0.1 | 0.2 | 1.3 | 63.0% |
| Spain | 1.7 | 0.8 | 0.7 | 0.8 | -22.2% |
| Others | 78.2 | 54.5 | 56.8 | 59.9 | -8.5% |
| Total | 191 | 131 | 156 | 162 | -5.3% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from the United States in 2022:
- Mexico (2320.8 tons)
- Australia (403.4 tons)
- Germany (348.2 tons)
- China (204.8 tons)
- British Virgin Islands (197.7 tons)
- Canada (169.0 tons)
- Spain (125.2 tons)
- South Korea (117.7 tons)
- Saudi Arabia (110.5 tons)
- Brazil (107.4 tons)
- United Kingdom (91.6 tons)
- Qatar (79.0 tons)
- India (68.1 tons)
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