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

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Portugal (CIF) - 2022
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Portugal (FOB) - 2023
3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Portugal
4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Portugal

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

The average import price for machines; parts and accessories, of heading no. 8472 stood at $49,773 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 34% against the previous year. The import price peaked at $50,665 per ton in 2014; however, from 2015 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 South Korea ($126,555 per ton), while the price for Switzerland ($11,217 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 (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Portugal (FOB) - 2023

The average export price for machines; parts and accessories, of heading no. 8472 stood at $35,853 per ton in November 2023, surging by 12% against the previous month. Over the period under review, the export price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 97% against the previous month. As a result, the export price attained the peak level of $64,850 per ton. From May 2023 to November 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Ecuador ($180K per ton), while the average price for exports to Slovakia ($26,144 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of machines; parts and accessories, of heading no. 8472 imported into Portugal stood at 211 tons, increasing by 9.8% compared with the previous year. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. As a result, imports reached the peak of 238 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 expanded notably to $10M in 2022. The total import value increased at an average annual rate of +14.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Spain (86.0 tons)
2. Netherlands (44.2 tons)
3. Germany (31.8 tons)
4. China (20.9 tons)
5. South Korea (5.5 tons)
6. Switzerland (4.9 tons)
7. France (4.1 tons)

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

Exports of machines; parts and accessories, of heading no. 8472 from Portugal contracted markedly to 59 tons in 2022, waning by -49.7% compared with 2021 figures. Overall, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 61%.

In value terms, exports of machines; parts and accessories, of heading no. 8472 declined dramatically to $3.6M in 2022. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year.

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

1. France (13.2 tons)
2. Germany (12.3 tons)
3. Slovakia (7.0 tons)
4. Switzerland (4.2 tons)
5. United States (4.1 tons)
6. Mexico (4.0 tons)
7. Latvia (3.2 tons)
8. United Kingdom (1.2 tons)
9. Angola (1.1 tons)
10. Uruguay (0.9 tons)
11. Spain (0.4 tons)

Source: IndexBox Market Intelligence Platform