Price for Machinery; Parts of the Machinery of Heading No. 8427 in Luxembourg - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Luxembourg (CIF) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Luxembourg (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Luxembourg
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Luxembourg
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Luxembourg (CIF) - 2023
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $356K per ton in October 2023, growing by 7,366% against the previous month. Overall, the import price continues to indicate a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to -1.3% per month.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Luxembourg (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $6,853 per ton, dropping by -9.4% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 52% against the previous year. The export price peaked at $16,895 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($40,912 per ton), while the average price for exports to France amounted to $5,544 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+0.9%).
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Luxembourg
After two years of decline, purchases abroad of machinery; parts of the machinery of heading no. 8427 increased by 32% to 458 tons in 2022. Overall, imports, however, showed a noticeable descent.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 soared to $6.9M in 2022. The total import value increased at an average annual rate of +8.9% 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.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.7 | 2.0 | 2.2 | 2.7 | 16.7% |
| Belgium | 1.5 | 1.5 | 1.1 | 1.7 | 4.3% |
| Germany | 1.3 | 1.2 | 1.4 | 1.5 | 4.9% |
| Netherlands | 0.2 | 0.5 | 0.3 | 0.5 | 35.7% |
| Italy | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Others | 0.4 | 0.1 | 0.1 | 0.2 | -20.6% |
| Total | 5.3 | 5.5 | 5.3 | 6.9 | 9.2% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Luxembourg in 2022:
- France (165.6 tons)
- Belgium (124.6 tons)
- Netherlands (70.9 tons)
- Germany (65.8 tons)
- Italy (21.5 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Luxembourg
In 2022, approx. 223 tons of machinery; parts of the machinery of heading no. 8427 were exported from Luxembourg; with a decrease of -21.1% against 2021. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. As a result, the exports reached the peak of 282 tons, and then declined notably in the following year.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 declined markedly to $1.5M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 33%. As a result, the exports reached the peak of $2.1M, and then fell sharply in the following year.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,238 | 1,425 | 1,666 | 1,187 | -1.4% |
| Belgium | 271 | 164 | 326 | 284 | 1.6% |
| Others | 59.6 | 16.0 | 145 | 56.0 | -2.1% |
| Total | 1,569 | 1,605 | 2,137 | 1,527 | -0.9% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Luxembourg in 2022:
- France (214.0 tons)
- Belgium (6.9 tons)
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