Price for Machines; Parts and Accessories, of Heading No. 8472 in Iran - 2022
Contents:
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Iran (CIF) - 2022
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Iran (FOB) - 2022
- Imports of Machines; Parts and Accessories, of Heading No. 8472 in Iran
- Exports of Machines; Parts and Accessories, of Heading No. 8472 in Iran
Price for Machines; Parts and Accessories, of Heading No. 8472 in Iran (CIF) - 2022
The average import price for machines; parts and accessories, of heading no. 8472 stood at $9,146 per ton in 2022, picking up by 11% against the previous year. Overall, the import price, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of 43%. Over the period under review, average import prices reached the maximum at $22,304 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 South Korea ($42,547 per ton), while the price for Turkey ($2,529 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 (+5.4%), while the prices for the other major suppliers experienced a decline.
Price for Machines; Parts and Accessories, of Heading No. 8472 in Iran (FOB) - 2022
In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $123,502 per ton, declining by -34.3% against the previous year. Overall, the export price, however, posted prominent growth. The pace of growth was the most pronounced in 2021 an increase of 143%. The export price peaked at $191,400 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($217,585 per ton), while the average price for exports to South Korea amounted to $61,900 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+12.7%).
Imports of Machines; Parts and Accessories, of Heading No. 8472 in Iran
In 2022, the amount of machines; parts and accessories, of heading no. 8472 imported into Iran dropped notably to 69 tons, shrinking by -74% against 2021. Overall, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 44%.
In value terms, imports of machines; parts and accessories, of heading no. 8472 fell dramatically to $635K in 2022. Over the period under review, imports recorded a precipitous decrease. The smallest decline of -33.5% was in 2020.
| Import of Machines; Parts and Accessories, of Heading No. 8472 in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,873 | 894 | 308 | 254 | -48.6% |
| Turkey | 948 | 283 | 500 | 131 | -48.3% |
| China | 1,822 | 2,158 | 1,155 | 55.8 | -68.7% |
| United Arab Emirates | 229 | 70.5 | 24.5 | 48.7 | -40.3% |
| Japan | 139 | 47.2 | 31.0 | 25.4 | -43.3% |
| Malaysia | 297 | 113 | 42.7 | 20.1 | -59.2% |
| Hong Kong SAR | 27.7 | 22.4 | 16.8 | 15.8 | -17.1% |
| Others | 320 | 175 | 121 | 84.6 | -35.8% |
| Total | 5,656 | 3,764 | 2,199 | 635 | -51.8% |
Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Iran in 2022:
- Turkey (51.8 tons)
- South Korea (6.0 tons)
- United Arab Emirates (2.4 tons)
- China (2.3 tons)
- Hong Kong SAR (2.3 tons)
- Malaysia (1.5 tons)
- Japan (1.1 tons)
Exports of Machines; Parts and Accessories, of Heading No. 8472 in Iran
In 2022, approx. 281 kg of machines; parts and accessories, of heading no. 8472 were exported from Iran; growing by 1.8% compared with the previous year's figure. Overall, exports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of 45%. As a result, the exports attained the peak of 444 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of machines; parts and accessories, of heading no. 8472 shrank remarkably to $35K in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.5% 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 +24.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, the exports attained the peak of $52K, and then contracted significantly in the following year.
| Export of Machines; Parts and Accessories, of Heading No. 8472 in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 10.3 | 20.1 | 7.0 | 23.1 | 30.9% |
| South Korea | 7.3 | 12.3 | 3.7 | 10.5 | 12.9% |
| Benin | N/A | N/A | 40.0 | N/A | 0% |
| Senegal | 8.3 | N/A | 0.9 | N/A | -67.1% |
| Afghanistan | N/A | 0.4 | N/A | N/A | 0% |
| Others | 2.1 | 1.5 | 0.4 | 1.1 | -19.4% |
| Total | 27.9 | 34.3 | 51.9 | 34.7 | 7.5% |
Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Iran in 2022:
- South Korea (170.0 kg)
- Hong Kong SAR (106.0 kg)
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