Price for Machines; Parts and Accessories, of Heading No. 8472 in Venezuela - 2022

Contents:

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

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

The average import price for machines; parts and accessories, of heading no. 8472 stood at $35,014 per ton in 2022, declining by -31.3% against the previous year. Over the period under review, the import price saw a abrupt setback. The growth pace was the most rapid in 2014 an increase of 31%. The import price peaked at $115,979 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Hong Kong SAR ($104,564 per ton), while the price for Barbados ($6,080 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $99,333 per ton, with an increase of 27% against the previous year. Overall, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 215%. Over the period under review, the average export prices attained the peak figure at $167,611 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($200,467 per ton), while the average price for exports to Costa Rica ($1,500 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 South Africa (+18.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of machines; parts and accessories, of heading no. 8472 into Venezuela skyrocketed to 56 tons in 2022, jumping by 1,437% against 2021 figures. In general, imports continue to indicate significant growth. 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 skyrocketed to $2M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (49.9 tons)
2. Barbados (2.8 tons)
3. Hong Kong SAR (1.9 tons)
4. United Kingdom (0.7 tons)
5. Germany (0.3 tons)

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

In 2022, overseas shipments of machines; parts and accessories, of heading no. 8472 decreased by -23.4% to 36 kg, falling for the second year in a row after two years of growth. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 5.6%. As a result, the exports attained the peak of 57 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 reduced slightly to $3.6K in 2022. Over the period under review, exports showed a dramatic setback.

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

1. Germany (15.0 kg)
2. Panama (15.0 kg)
3. New Zealand (2.0 kg)
4. Spain (2.0 kg)
5. Costa Rica (2.0 kg)

Source: IndexBox Market Intelligence Platform