Price for Machinery; Parts of the Machinery of Heading No. 8427 in Italy - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Italy (FOB) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Italy (CIF) - 2023
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Italy
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Italy
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Italy (FOB) - 2023
In October 2023, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $15,696 per ton, rising by 78% against the previous month. Overall, export price indicated strong growth from October 2022 to October 2023: its price increased at an average monthly rate of +6.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for machinery; parts of the machinery of heading no. 8427 increased by +102.0% against March 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($22,880 per ton), while the average price for exports to Cote d'Ivoire ($4,860 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 Brazil (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Italy (CIF) - 2023
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $3,423 per ton in October 2023, declining by -56% against the previous month. Overall, the import price showed a abrupt contraction. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 31% against the previous month. Over the period under review, average import prices hit record highs at $9,223 per ton in June 2023; however, from July 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($5,175 per ton), while the price for China ($3,027 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Italy
Exports of machinery; parts of the machinery of heading no. 8427 from Italy rose rapidly to 64K tons in 2022, growing by 6.4% against the year before. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 36%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 expanded sharply to $473M in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 103 | 69.4 | 98.1 | 98.8 | -1.4% |
| Germany | 81.7 | 65.2 | 84.2 | 89.9 | 3.2% |
| Ireland | 27.1 | 22.5 | 33.0 | 36.7 | 10.6% |
| United States | 38.7 | 28.1 | 34.2 | 35.9 | -2.5% |
| Sweden | 11.2 | 10.1 | 15.5 | 23.9 | 28.7% |
| Spain | 20.2 | 16.4 | 21.2 | 22.7 | 4.0% |
| Netherlands | 19.1 | 15.6 | 18.0 | 21.0 | 3.2% |
| United Kingdom | 25.9 | 18.0 | 16.2 | 17.0 | -13.1% |
| Czech Republic | 12.6 | 8.2 | 12.5 | 11.3 | -3.6% |
| Finland | 8.9 | 6.0 | 7.6 | 9.2 | 1.1% |
| Others | 101 | 83.5 | 102 | 107 | 1.9% |
| Total | 449 | 343 | 443 | 473 | 1.8% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Italy in 2022:
- France (19.5K tons)
- Germany (11.8K tons)
- Ireland (6.3K tons)
- Sweden (4.2K tons)
- United States (3.6K tons)
- Spain (2.8K tons)
- Netherlands (2.7K tons)
- United Kingdom (1.8K tons)
- Finland (1.5K tons)
- Czech Republic (1.4K tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Italy
Imports of machinery; parts of the machinery of heading no. 8427 into Italy rose rapidly to 40K tons in 2022, with an increase of 7.7% against 2021 figures. Overall, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 15%.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 rose sharply to $281M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports of machinery; parts of machinery of heading no. 8427 hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 78.7 | 66.4 | 81.3 | 81.0 | 1.0% |
| China | 21.6 | 15.4 | 30.3 | 41.5 | 24.3% |
| Czech Republic | 29.4 | 19.8 | 28.9 | 30.7 | 1.5% |
| France | 25.8 | 21.1 | 25.7 | 27.2 | 1.8% |
| Netherlands | 15.0 | 14.6 | 19.1 | 21.7 | 13.1% |
| Ireland | 7.0 | 5.1 | 7.9 | 12.4 | 21.0% |
| Belgium | 6.1 | 5.9 | 7.6 | 11.6 | 23.9% |
| Poland | 14.1 | 4.9 | 9.1 | 11.0 | -7.9% |
| United Kingdom | 10.7 | 8.2 | 6.2 | 5.7 | -18.9% |
| Bosnia and Herzegovina | 3.8 | 3.2 | 3.1 | 4.2 | 3.4% |
| Romania | 2.7 | 2.5 | 3.5 | 2.6 | -1.3% |
| Spain | 2.2 | 1.7 | 3.4 | 2.1 | -1.5% |
| Others | 28.0 | 22.3 | 27.2 | 29.2 | 1.4% |
| Total | 245 | 191 | 253 | 281 | 4.7% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Italy in 2022:
- China (15.6K tons)
- Germany (7.8K tons)
- Czech Republic (2.7K tons)
- France (2.0K tons)
- Ireland (1.7K tons)
- Netherlands (1.5K tons)
- United Kingdom (1.2K tons)
- Bosnia and Herzegovina (1.1K tons)
- Poland (1.0K tons)
- Belgium (1.0K tons)
- Romania (0.7K tons)
- Spain (0.7K tons)
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