Price for Machines; Parts and Accessories, of Heading No. 8472 in China - 2024
Contents:
- Price for Machines; Parts and Accessories, of Heading No. 8472 in China (FOB) - 2024
- Price for Machines; Parts and Accessories, of Heading No. 8472 in China (CIF) - 2022
- Exports of Machines; Parts and Accessories, of Heading No. 8472 in China
- Imports of Machines; Parts and Accessories, of Heading No. 8472 in China
Price for Machines; Parts and Accessories, of Heading No. 8472 in China (FOB) - 2024
In December 2023, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $12,966 per ton, with an increase of 6.9% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 31% against the previous month. As a result, the export price reached the peak level of $14,982 per ton. From July 2023 to December 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Hong Kong SAR ($35,523 per ton), while the average price for exports to the Netherlands ($3,136 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machines; Parts and Accessories, of Heading No. 8472 in China (CIF) - 2022
In 2022, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $64,078 per ton, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29% against the previous year. The import price peaked at $66,361 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($182,213 per ton), while the price for the Netherlands ($3,287 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machines; Parts and Accessories, of Heading No. 8472 in China
In 2022, exports of machines; parts and accessories, of heading no. 8472 from China expanded to 30K tons, with an increase of 1.7% on 2021. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 16%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of machines; parts and accessories, of heading no. 8472 rose significantly to $450M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern.
| Export of Machines; Parts and Accessories, of Heading No. 8472 in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 41.8 | 25.3 | 40.8 | 78.9 | 23.6% |
| Hong Kong SAR | 174 | 158 | 133 | 64.0 | -28.4% |
| Vietnam | 3.7 | 14.6 | 13.5 | 58.5 | 151.0% |
| United States | 30.7 | 29.3 | 28.9 | 39.3 | 8.6% |
| South Korea | 42.2 | 42.5 | 58.4 | 38.6 | -2.9% |
| Germany | 12.3 | 12.1 | 20.4 | 25.5 | 27.5% |
| Japan | 48.1 | 32.2 | 23.8 | 21.7 | -23.3% |
| Mexico | 21.5 | 25.8 | 15.7 | 19.6 | -3.0% |
| Hungary | 20.7 | 19.1 | 19.0 | 18.3 | -4.0% |
| Philippines | 11.9 | 7.7 | 10.6 | 13.0 | 3.0% |
| Malaysia | 1.5 | 3.2 | 17.7 | 9.7 | 86.3% |
| Netherlands | 10.6 | 2.2 | 2.9 | 5.6 | -19.2% |
| Others | 32.2 | 33.6 | 36.4 | 57.3 | 21.2% |
| Total | 451 | 406 | 422 | 450 | -0.1% |
Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from China in 2022:
- Vietnam (5.3K tons)
- India (4.5K tons)
- Germany (3.5K tons)
- Mexico (2.7K tons)
- United States (2.5K tons)
- Philippines (2.2K tons)
- South Korea (2.0K tons)
- Hong Kong SAR (2.0K tons)
- Japan (1.0K tons)
- Netherlands (0.7K tons)
- Malaysia (0.7K tons)
- Hungary (0.7K tons)
Imports of Machines; Parts and Accessories, of Heading No. 8472 in China
In 2022, purchases abroad of machines; parts and accessories, of heading no. 8472 decreased by -49.4% to 1.2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 157%. As a result, imports attained the peak of 4.2K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of machines; parts and accessories, of heading no. 8472 fell significantly to $79M in 2022. In general, imports saw a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 84% against the previous year. As a result, imports attained the peak of $201M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Machines; Parts and Accessories, of Heading No. 8472 in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 67.7 | 67.3 | 48.4 | 36.1 | -18.9% |
| South Korea | 17.7 | 10.6 | 11.5 | 5.8 | -31.1% |
| Germany | 4.2 | 5.0 | 7.5 | 3.6 | -5.0% |
| Taiwan (Chinese) | 1.6 | 2.2 | 2.4 | 1.5 | -2.1% |
| Vietnam | 1.1 | 1.4 | 1.2 | 1.5 | 10.9% |
| Poland | N/A | N/A | 0.5 | 1.4 | 180.0% |
| Malaysia | 3.4 | 4.3 | 2.0 | 1.1 | -31.4% |
| Netherlands | 0.5 | 0.4 | 0.3 | 0.3 | -15.7% |
| Others | 13.1 | 110 | 63.1 | 27.9 | 28.7% |
| Total | 109 | 201 | 137 | 79.1 | -10.1% |
Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to China in 2022:
- Japan (198.3 tons)
- Taiwan (Chinese) (169.4 tons)
- Germany (122.3 tons)
- Vietnam (119.2 tons)
- Netherlands (79.3 tons)
- Poland (75.1 tons)
- South Korea (74.6 tons)
- Malaysia (46.0 tons)
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This report provides an in-depth analysis of the computing machinery market in China.
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This report provides an in-depth analysis of the global computing machinery market.
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