Price for Machines; Parts and Accessories, of Heading No. 8472 in Egypt - 2023

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Egypt (CIF) - 2022
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Egypt (FOB) - 2022
3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Egypt
4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Egypt

Price for Machines; Parts and Accessories, of Heading No. 8472 in Egypt (CIF) - 2022

The average import price for machines; parts and accessories, of heading no. 8472 stood at $77,915 per ton in 2022, dropping by -2.2% against the previous year. In general, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33%. The import price peaked at $124,640 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Philippines ($77,930 per ton) and India ($77,921 per ton), while the price for the United States ($77,901 per ton) and Japan ($77,915 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (-1.7%), while the prices for the other major suppliers experienced a decline.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Egypt (FOB) - 2022

In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $94,969 per ton, which is down by -3.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $108,732 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($95,005 per ton), while the average price for exports to the Netherlands totaled $94,831 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.0%).

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Egypt

In 2022, overseas purchases of machines; parts and accessories, of heading no. 8472 decreased by -12.5% to 73 tons, falling for the second year in a row after two years of growth. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. As a result, imports attained the peak of 123 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of machines; parts and accessories, of heading no. 8472 dropped to $5.7M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 70% against the previous year. As a result, imports reached the peak of $9.7M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Egypt in 2022:

1. China (20.8 tons)
2. Hungary (14.8 tons)
3. Germany (14.3 tons)
4. India (8.7 tons)
5. Japan (5.6 tons)
6. Philippines (2.2 tons)
7. United States (2.0 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Egypt

In 2022, approx. 1.2 tons of machines; parts and accessories, of heading no. 8472 were exported from Egypt; waning by -68.9% against the year before. Over the period under review, exports recorded a significant curtailment. The smallest decline of -49.4% was in 2021.

In value terms, exports of machines; parts and accessories, of heading no. 8472 declined sharply to $116K in 2022. In general, exports saw a precipitous decline. The smallest decline of -54% was in 2021.

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Egypt in 2022:

1. United Arab Emirates (970.0 kg)
2. Netherlands (255.0 kg)

Source: IndexBox Market Intelligence Platform