Price for Machinery; Parts of the Machinery of Heading No. 8427 in Norway - 2024
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Norway (CIF) - 2024
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Norway (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Norway
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Norway
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Norway (CIF) - 2024
In December 2023, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $17,893 per ton, rising by 34% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($54,889 per ton), while the price for China ($5,588 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.0%), 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 Norway (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $8,124 per ton, waning by -10.4% against the previous year. Overall, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 91%. Over the period under review, the average export prices hit record highs at $16,913 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($15,194 per ton), while the average price for exports to Poland ($3,734 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Norway
In 2022, imports of machinery; parts of the machinery of heading no. 8427 into Norway fell modestly to 2K tons, almost unchanged from the previous year's figure. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 12%.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 expanded to $29M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 9% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 6.3 | 5.9 | 6.4 | 5.4 | -5.0% |
| Germany | 3.9 | 3.4 | 4.4 | 4.2 | 2.5% |
| Sweden | 5.8 | 5.4 | 6.8 | 4.0 | -11.6% |
| China | 1.3 | 1.2 | 2.2 | 2.4 | 22.7% |
| Slovakia | 0.6 | 0.6 | 0.3 | 2.1 | 51.8% |
| Italy | 2.2 | 2.4 | 1.4 | 2.0 | -3.1% |
| United Kingdom | 1.6 | 1.2 | 0.7 | 1.4 | -4.4% |
| Finland | 0.6 | 0.8 | 0.7 | 1.1 | 22.4% |
| Belgium | 0.6 | 0.7 | 0.8 | 1.1 | 22.4% |
| France | 0.8 | 0.7 | 0.7 | 0.7 | -4.4% |
| Netherlands | 0.5 | 0.5 | 0.7 | 0.6 | 6.3% |
| Others | 2.3 | 2.3 | 2.3 | 3.5 | 15.0% |
| Total | 26.5 | 25.1 | 27.4 | 28.7 | 2.7% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Norway in 2022:
- China (450.4 tons)
- Denmark (365.1 tons)
- Sweden (240.0 tons)
- Germany (181.7 tons)
- Slovakia (156.2 tons)
- Italy (105.3 tons)
- United Kingdom (93.4 tons)
- Finland (92.1 tons)
- Belgium (65.1 tons)
- France (36.2 tons)
- Netherlands (23.3 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Norway
In 2022, approx. 152 tons of machinery; parts of the machinery of heading no. 8427 were exported from Norway; increasing by 1.7% on the previous year. In general, exports, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. As a result, the exports reached the peak of 234 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 declined to $1.2M in 2022. Overall, exports, however, recorded a abrupt decrease.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 583 | 423 | 752 | 775 | 10.0% |
| Denmark | 167 | 304 | 91.5 | 141 | -5.5% |
| Netherlands | 45.3 | 120 | 62.1 | 94.6 | 27.8% |
| Belgium | 43.9 | 27.2 | 49.6 | 22.0 | -20.6% |
| Germany | 145 | 197 | 57.0 | 14.8 | -53.3% |
| Poland | 102 | 238 | 16.4 | 14.7 | -47.6% |
| United Kingdom | 157 | 86.2 | 93.5 | 14.4 | -54.9% |
| Others | 894 | 404 | 232 | 158 | -43.9% |
| Total | 2,137 | 1,800 | 1,353 | 1,234 | -16.7% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Norway in 2022:
- Sweden (80.6 tons)
- Denmark (28.6 tons)
- Netherlands (24.0 tons)
- Belgium (4.7 tons)
- Poland (3.9 tons)
- Germany (1.0 tons)
- United Kingdom (0.4 tons)
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