Price for Machinery; Parts of the Machinery of Heading No. 8427 in Thailand - 2024
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Thailand (CIF) - 2024
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Thailand (FOB) - 2024
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Thailand
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Thailand
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Thailand (CIF) - 2024
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $3,497 per ton in November 2023, waning by -10.5% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 39% month-to-month. The import price peaked at $4,355 per ton in May 2023; however, from June 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Taiwan (Chinese) ($9,236 per ton), while the price for China ($2,288 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Thailand (FOB) - 2024
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $3,448 per ton in November 2023, with an increase of 8.3% against the previous month. Over the period from January 2023 to November 2023, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 14% against the previous month. As a result, the export price reached the peak level of $3,462 per ton. From June 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($4,567 per ton), while the average price for exports to Japan amounted to $2,993 per ton.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.0%).
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Thailand
Imports of machinery; parts of the machinery of heading no. 8427 into Thailand soared to 5.7K tons in 2022, jumping by 26% on the previous year. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +19.8% 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 +72.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports of machinery; parts of machinery of heading no. 8427 hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 surged to $22M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.2% 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 +58.9% against 2020 indices. 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.5 | 7.3 | 8.7 | 12.1 | 23.0% |
| Japan | 2.8 | 2.4 | 4.2 | 5.5 | 25.2% |
| Germany | 1.1 | 0.8 | 0.7 | 1.2 | 2.9% |
| Taiwan (Chinese) | 0.6 | 0.8 | 0.7 | 0.8 | 10.1% |
| Others | 3.4 | 2.5 | 2.4 | 2.4 | -11.0% |
| Total | 14.4 | 13.8 | 16.7 | 22.0 | 15.2% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Thailand in 2022:
- China (4.9K tons)
- Japan (0.5K tons)
- Germany (0.1K tons)
- Taiwan (Chinese) (0.1K tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Thailand
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 exported from Thailand reached 6.7K tons, surging by 6.2% against the previous year's figure. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 shrank slightly to $21M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $21M, and then dropped modestly in the following year.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 9.7 | 11.3 | 17.3 | 17.4 | 21.5% |
| Indonesia | 1.0 | 0.1 | 0.5 | 1.5 | 14.5% |
| United States | 4.6 | 3.9 | 1.8 | N/A | -37.4% |
| Others | 4.1 | 2.9 | 1.7 | 1.6 | -26.9% |
| Total | 19.4 | 18.2 | 21.4 | 20.5 | 1.9% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Thailand in 2022:
- Japan (6.3K tons)
- Indonesia (0.3K tons)
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