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

Contents:

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

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

In November 2023, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $37,667 per ton, surging by 6.2% against the previous month. Overall, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in August 2023 an increase of 82% month-to-month. Over the period under review, average import prices hit record highs at $81,190 per ton in January 2023; however, from February 2023 to November 2023, import prices remained at a 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 Switzerland ($137K per ton), while the price for India totaled $18,950 per ton.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for machines; parts and accessories, of heading no. 8472 stood at $54,868 per ton in 2022, surging by 31% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machines; parts and accessories, of heading no. 8472 increased by +46.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 46%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($198,803 per ton), while the average price for exports to the United States ($7,909 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+23.1%), 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 Slovakia

In 2022, purchases abroad of machines; parts and accessories, of heading no. 8472 was finally on the rise to reach 159 tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines; parts and accessories, of heading no. 8472 totaled $8.4M in 2022. The total import value increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

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

1. Slovenia (87.9 tons)
2. Czech Republic (34.8 tons)
3. India (13.5 tons)
4. Netherlands (7.6 tons)
5. China (2.0 tons)
6. Germany (1.7 tons)
7. United States (0.2 tons)

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

In 2022, shipments abroad of machines; parts and accessories, of heading no. 8472 decreased by -19.8% to 116 tons, falling for the second year in a row after two years of growth. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 56% against the previous year. As a result, the exports attained the peak of 149 tons. 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 rose rapidly to $6.3M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.0% 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 +77.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 68% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

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

1. United States (29.0 tons)
2. Belgium (16.8 tons)
3. Netherlands (12.8 tons)
4. Czech Republic (10.7 tons)
5. United Kingdom (9.5 tons)
6. Singapore (8.9 tons)
7. Germany (4.5 tons)
8. Austria (4.2 tons)
9. Italy (3.2 tons)
10. Denmark (3.0 tons)
11. France (2.5 tons)
12. India (2.4 tons)
13. Spain (1.1 tons)

Source: IndexBox Market Intelligence Platform