Price for Machinery; Parts of the Machinery of Heading No. 8427 in Canada - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Canada (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Canada (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Canada
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Canada
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Canada (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $12,669 per ton in 2022, surging by 20% against the previous year. In general, the import price, however, saw a noticeable decrease. Over the period under review, average import prices attained the maximum at $15,667 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($12,669 per ton) and Sri Lanka ($12,669 per ton), while the price for China ($12,669 per ton) and Italy ($12,669 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (-2.0%), while the prices for the other major suppliers experienced a decline.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Canada (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $11,345 per ton, falling by -21.3% against the previous year. Overall, the export price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 an increase of 11%. As a result, the export price attained the peak level of $16,671 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($11,345 per ton), while the average price for exports to China stood at $11,345 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.8%).
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Canada
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Canada reduced slightly to 22K tons, approximately equating the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year. As a result, imports attained the peak of 22K tons, leveling off in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 skyrocketed to $281M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.6% 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 +72.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Machinery; Parts of the Machinery of Heading No. 8427 in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 93.7 | 79.5 | 90.2 | 94.3 | 0.2% |
China | 46.3 | 28.3 | 58.7 | 81.2 | 20.6% |
Italy | 36.5 | 17.3 | 28.4 | 32.1 | -4.2% |
Sri Lanka | 11.5 | 6.8 | 13.8 | 13.0 | 4.2% |
Hungary | 14.0 | 4.6 | 10.9 | 11.6 | -6.1% |
Germany | 9.1 | 6.6 | 10.5 | 10.1 | 3.5% |
Others | 27.4 | 19.9 | 23.4 | 38.5 | 12.0% |
Total | 239 | 163 | 236 | 281 | 5.5% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Canada in 2022:
- United States (7.4K tons)
- China (6.4K tons)
- Italy (2.5K tons)
- Sri Lanka (1.0K tons)
- Hungary (0.9K tons)
- Germany (0.8K tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Canada
In 2022, exports of machinery; parts of the machinery of heading no. 8427 from Canada surged to 16K tons, growing by 27% against the previous year's figure. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 37%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 totaled $185M in 2022. The total export value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 40% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 attained the maximum in 2022 and are expected to retain growth in years to come.
Export of Machinery; Parts of the Machinery of Heading No. 8427 in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 141 | 127 | 179 | 172 | 6.8% |
China | 16.8 | 0.5 | 0.7 | 2.0 | -50.8% |
Others | 13.4 | 4.8 | 5.4 | 11.2 | -5.8% |
Total | 171 | 132 | 185 | 185 | 2.7% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Canada in 2022:
- United States (15.2K tons)
- China (0.2K tons)
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