Price for Machinery; Parts of the Machinery of Heading No. 8427 in Paraguay - 2024

Contents:

  1. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Paraguay (CIF) - 2022
  2. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Paraguay (FOB) - 2022
  3. Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Paraguay
  4. Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Paraguay

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Paraguay (CIF) - 2022

The average import price for machinery; parts of the machinery of heading no. 8427 stood at $11,105 per ton in 2022, increasing by 35% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $13,523 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($16,083 per ton), while the price for Spain ($2,556 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.2%), 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 Paraguay (FOB) - 2022

The average export price for machinery; parts of the machinery of heading no. 8427 stood at $3,568 per ton in 2022, which is down by -13.4% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by 51% against the previous year. As a result, the export price reached the peak level of $35,353 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2013 to 2022, the rate of growth in terms of prices for Honduras amounted to +97.5% per year.

Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Paraguay

In 2022, imports of machinery; parts of the machinery of heading no. 8427 into Paraguay contracted slightly to 65 tons, which is down by -3.8% against the previous year's figure. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 62% against the previous year. As a result, imports reached the peak of 68 tons, and then contracted in the following year.

In value terms, imports of machinery; parts of the machinery of heading no. 8427 surged to $727K in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Machinery; Parts of the Machinery of Heading No. 8427 in Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany20392.71082162.1%
China10310321616517.0%
Brazil17711010590.4-20.1%
Chile28.649.53.279.340.5%
United States10856.240.357.0-19.2%
Spain2.34.94.214.785.6%
Uruguay17.820.314.50.9-63.0%
Others37.869.365.410440.1%
Total6785065587272.4%

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Paraguay in 2022:

  1. China (24.6 tons)
  2. Germany (13.4 tons)
  3. Brazil (6.4 tons)
  4. United States (6.0 tons)
  5. Spain (5.8 tons)
  6. Chile (5.0 tons)
  7. Uruguay (0.2 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Paraguay

In 2022, overseas shipments of machinery; parts of the machinery of heading no. 8427 increased by 91% to 162 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a sharp downturn.

In value terms, exports of machinery; parts of the machinery of heading no. 8427 surged to $578 in 2022. In general, exports, however, showed a dramatic decrease.

Export of Machinery; Parts of the Machinery of Heading No. 8427 in Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States7.80.50.30.6-57.5%
HondurasN/A0.3N/AN/A0%
Others0.9N/AN/AN/A0%
Total8.70.80.30.6-59.0%

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Paraguay in 2022:

  1. United States (162.0 kg)

Source: IndexBox Market Intelligence Platform

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