Price for Machinery; Parts of the Machinery of Heading No. 8427 in Denmark - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Denmark (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Denmark (FOB) - 2023
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Denmark
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Denmark
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Denmark (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $15,601 per ton in 2022, rising by 15% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 37%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 the Netherlands ($40,623 per ton), while the price for the UK ($3,905 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Denmark (FOB) - 2023
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $17,309 per ton in October 2023, declining by -4.5% against the previous month. Over the period under review, the export price, however, continues to indicate a notable expansion. The growth pace was the most rapid in July 2023 when the average export price increased by 103% against the previous month. As a result, the export price attained the peak level of $35,770 per ton. From August 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($48,437 per ton), while the average price for exports to Sweden ($10,524 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Denmark
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Denmark shrank slightly to 3.7K tons, waning by -1.8% compared with 2021 figures. Over the period under review, imports continue to indicate a deep contraction.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 expanded rapidly to $57M in 2022. Overall, imports recorded a mild contraction.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 10.9 | 11.1 | 10.2 | 12.9 | 5.8% |
| Germany | 12.0 | 11.4 | 11.2 | 11.6 | -1.1% |
| China | 5.3 | 4.1 | 6.2 | 9.2 | 20.2% |
| Netherlands | 5.2 | 4.7 | 7.8 | 6.8 | 9.4% |
| Italy | 3.4 | 3.4 | 3.1 | 4.0 | 5.6% |
| Belgium | 7.6 | 7.9 | 4.3 | 3.3 | -24.3% |
| France | 4.3 | 4.2 | 2.4 | 2.4 | -17.7% |
| United Kingdom | 1.6 | 1.9 | 1.3 | 1.2 | -9.1% |
| Others | 8.4 | 5.4 | 4.1 | 5.6 | -12.6% |
| Total | 58.8 | 54.0 | 50.5 | 57.0 | -1.0% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Denmark in 2022:
- China (1319.5 tons)
- Germany (669.5 tons)
- Sweden (451.1 tons)
- United Kingdom (299.6 tons)
- Italy (233.4 tons)
- France (229.1 tons)
- Netherlands (168.3 tons)
- Belgium (121.2 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Denmark
Exports of machinery; parts of the machinery of heading no. 8427 from Denmark was estimated at 3.5K tons in 2022, increasing by 5.2% against the previous year. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 rose remarkably to $48M in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 15.6 | 12.6 | 15.0 | 14.9 | -1.5% |
| Germany | 5.8 | 4.1 | 5.9 | 7.5 | 8.9% |
| Norway | 5.9 | 6.0 | 6.3 | 6.6 | 3.8% |
| France | 4.4 | 2.6 | 2.2 | 2.0 | -23.1% |
| United States | 0.6 | 0.6 | 0.6 | 1.8 | 44.2% |
| Italy | 3.8 | 1.3 | 1.1 | 1.3 | -30.1% |
| Finland | 1.3 | 0.8 | 1.5 | 1.3 | 0.0% |
| Belgium | 3.3 | 0.9 | 1.0 | 0.9 | -35.2% |
| China | 0.6 | 0.4 | 0.8 | 0.7 | 5.3% |
| Ireland | 0.2 | 0.4 | 0.3 | 0.6 | 44.2% |
| Others | 6.6 | 7.3 | 9.6 | 10.6 | 17.1% |
| Total | 48.2 | 37.0 | 44.2 | 48.4 | 0.1% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Denmark in 2022:
- Sweden (1631.4 tons)
- Norway (535.6 tons)
- Germany (257.6 tons)
- France (158.4 tons)
- Finland (125.2 tons)
- United States (120.2 tons)
- Italy (71.3 tons)
- China (68.0 tons)
- Ireland (53.4 tons)
- Belgium (37.5 tons)
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