Price for Machinery; Parts of the Machinery of Heading No. 8427 in Ireland - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Ireland (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Ireland (FOB) - 2023
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Ireland
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Ireland
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Ireland (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $8,694 per ton, which is down by -5.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the maximum at $13,657 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($16,839 per ton), while the price for Romania ($1,831 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.7%), 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 Ireland (FOB) - 2023
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $5,316 per ton in October 2023, declining by -38.9% against the previous month. Over the period under review, the export price continues to indicate a noticeable reduction. The growth pace was the most rapid in April 2023 an increase of 22% against the previous month. The export price peaked at $10,580 per ton in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($10,984 per ton), while the average price for exports to the UK ($2,029 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 Germany (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Ireland
In 2022, overseas purchases of machinery; parts of the machinery of heading no. 8427 increased by 23% to 19K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a noticeable slump.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 skyrocketed to $164M in 2022. Overall, imports, however, recorded a abrupt shrinkage.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 35.5 | 30.2 | 47.0 | 51.8 | 13.4% |
| Germany | 27.9 | 19.2 | 29.6 | 31.2 | 3.8% |
| United Kingdom | 93.6 | 73.5 | 17.2 | 22.4 | -37.9% |
| Poland | 9.4 | 5.5 | 10.3 | 12.7 | 10.5% |
| Netherlands | 11.0 | 9.3 | 12.8 | 12.0 | 2.9% |
| France | 0.5 | 0.6 | 3.2 | 7.1 | 142.2% |
| Sri Lanka | 3.1 | 2.0 | 2.2 | 4.3 | 11.5% |
| Czech Republic | 1.9 | 1.4 | 3.1 | 3.9 | 27.1% |
| China | 2.7 | 1.7 | 3.4 | 3.8 | 12.1% |
| Denmark | 0.7 | 1.6 | 3.2 | 2.6 | 54.9% |
| Belgium | 1.9 | 2.5 | 1.9 | 2.6 | 11.0% |
| Romania | 0.3 | 0.5 | 0.8 | 1.3 | 63.0% |
| Others | 5.1 | 4.7 | 5.0 | 7.8 | 15.2% |
| Total | 193 | 153 | 140 | 164 | -5.3% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Ireland in 2022:
- Italy (5.1K tons)
- Germany (3.9K tons)
- United Kingdom (2.4K tons)
- China (1.9K tons)
- Sri Lanka (1.2K tons)
- Netherlands (0.8K tons)
- Poland (0.8K tons)
- Romania (0.7K tons)
- France (0.7K tons)
- Czech Republic (0.3K tons)
- Denmark (0.3K tons)
- Belgium (0.3K tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Ireland
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 exported from Ireland soared to 3.2K tons, increasing by 22% on the previous year. The total export volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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. 8427 amounted to $29M in 2022. Overall, exports, however, showed a slight decrease. The pace of growth was the most pronounced in 2021 when exports increased by 22%.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.1 | 2.3 | 5.8 | 8.6 | 40.5% |
| United Kingdom | 14.6 | 10.2 | 8.1 | 8.4 | -16.8% |
| France | 2.2 | 2.2 | 4.5 | 3.7 | 18.9% |
| Germany | 2.1 | 1.8 | 3.6 | 2.2 | 1.6% |
| Australia | 0.8 | 0.8 | 0.8 | 1.0 | 7.7% |
| Others | 7.2 | 5.9 | 5.4 | 5.2 | -10.3% |
| Total | 30.0 | 23.3 | 28.3 | 29.0 | -1.1% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Ireland in 2022:
- United Kingdom (1610.7 tons)
- United States (454.6 tons)
- Germany (239.2 tons)
- France (232.0 tons)
- Australia (69.9 tons)
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