Price for Machinery; Parts of the Machinery of Heading No. 8427 in South Africa - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in South Africa (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in South Africa (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in South Africa
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in South Africa
Price for Machinery; Parts of the Machinery of Heading No. 8427 in South Africa (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $7,070 per ton in 2022, surging by 7.3% against the previous year. Overall, the import price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2019 an increase of 29%. The import price peaked at $8,760 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($37,263 per ton), while the price for Sri Lanka ($3,225 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.5%), 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 South Africa (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $10,347 per ton, increasing by 19% against the previous year. In general, the export price, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2018 an increase of 45% against the previous year. Over the period under review, the average export prices hit record highs at $14,436 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($14,871 per ton), while the average price for exports to Swaziland ($4,192 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 Malaysia (+54.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in South Africa
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into South Africa dropped modestly to 2.9K tons, remaining constant against the previous year. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48%. As a result, imports attained the peak of 3K tons, and then shrank in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 rose notably to $21M in 2022. The total import value increased at an average annual rate of +6.2% over the period 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 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 5.6 | 7.6 | 8.0 | 14.7% |
| Germany | 2.7 | 2.1 | 3.2 | 2.7 | 0.0% |
| Japan | 1.8 | 1.7 | 1.7 | 2.1 | 5.3% |
| Italy | 1.1 | 0.8 | 1.1 | 1.5 | 10.9% |
| South Korea | 0.7 | 0.9 | 1.0 | 1.3 | 22.9% |
| Sweden | 1.1 | 0.9 | 1.0 | 1.1 | 0.0% |
| Sri Lanka | 0.4 | 0.1 | 0.2 | 0.1 | -37.0% |
| Others | 4.4 | 3.4 | 3.8 | 4.1 | -2.3% |
| Total | 17.4 | 15.5 | 19.7 | 20.8 | 6.1% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to South Africa in 2022:
- China (2094.3 tons)
- Germany (229.5 tons)
- Italy (102.4 tons)
- Japan (76.2 tons)
- Sweden (66.5 tons)
- South Korea (60.4 tons)
- Sri Lanka (28.1 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in South Africa
In 2022, exports of machinery; parts of the machinery of heading no. 8427 from South Africa dropped remarkably to 326 tons, which is down by -15.6% compared with 2021. Overall, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, the exports attained the peak of 386 tons, and then fell sharply in the following year.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 reached $3.4M in 2022. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 366 | 498 | 406 | 703 | 24.3% |
| Mozambique | 724 | 363 | 553 | 397 | -18.2% |
| Botswana | 178 | 111 | 283 | 337 | 23.7% |
| Zimbabwe | 650 | 327 | 377 | 284 | -24.1% |
| Democratic Republic of the Congo | 522 | 403 | 422 | 280 | -18.7% |
| Zambia | 138 | 174 | 261 | 143 | 1.2% |
| Lesotho | 276 | 79.2 | 140 | 120 | -24.2% |
| Swaziland | 66.2 | 78.1 | 103 | 83.0 | 7.8% |
| Malawi | 115 | 31.6 | 60.6 | 45.0 | -26.9% |
| Others | 895 | 663 | 753 | 976 | 2.9% |
| Total | 3,932 | 2,728 | 3,358 | 3,368 | -5.0% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from South Africa in 2022:
- Zimbabwe (48.1 tons)
- Namibia (47.3 tons)
- Mozambique (45.0 tons)
- Democratic Republic of the Congo (31.4 tons)
- Lesotho (25.9 tons)
- Botswana (24.5 tons)
- Swaziland (19.8 tons)
- Zambia (17.8 tons)
- Malawi (4.2 tons)
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