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

Contents:

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

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

In 2022, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $89,042 per ton, rising by 4.2% against the previous year. Over the period under review, the import price recorded pronounced growth. The most prominent rate of growth was recorded in 2016 an increase of 33%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($89,050 per ton) and Japan ($89,049 per ton), while the price for Singapore ($87,880 per ton) and Hungary ($89,037 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+7.8%), 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 Vietnam (FOB) - 2022

In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $89,188 per ton, reducing by -2.8% against the previous year. In general, the export price recorded a noticeable reduction. The growth pace was the most rapid in 2017 an increase of 14% against the previous year. Over the period under review, the average export prices attained the maximum at $116,344 per ton in 2013; however, from 2014 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 highest price was recorded for prices to China ($89,189 per ton) and Australia ($89,184 per ton), while the average price for exports to Hong Kong SAR ($88,500 per ton) and the United States ($89,182 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 592 tons of machines; parts and accessories, of heading no. 8472 were imported into Vietnam; increasing by 313% against the year before. Overall, imports recorded 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 soared to $53M in 2022. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Machines; Parts and Accessories, of Heading No. 8472 in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.910.16.840.7102.5%
South Korea0.81.11.44.780.4%
Japan0.90.82.73.252.6%
Taiwan (Chinese)N/AN/AN/A1.40%
Hungary0.41.10.40.2-20.6%
Others0.60.70.92.458.7%
Total7.613.812.252.790.7%

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

  1. China (456.9 tons)
  2. South Korea (53.1 tons)
  3. Japan (36.2 tons)
  4. Taiwan (Chinese) (15.8 tons)
  5. Hungary (2.8 tons)

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

After three years of growth, shipments abroad of machines; parts and accessories, of heading no. 8472 decreased by -62.7% to 216 tons in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 310% against the previous year.

In value terms, exports of machines; parts and accessories, of heading no. 8472 fell sharply to $19M in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 288% against the previous year.

Export of Machines; Parts and Accessories, of Heading No. 8472 in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan3.818.131.88.932.8%
South Korea1.02.320.77.595.7%
United States0.2N/AN/A1.281.7%
AustraliaN/AN/AN/A0.90%
China0.20.30.40.314.5%
Others0.20.60.30.426.0%
Total5.521.453.219.352.0%

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

  1. Japan (100.3 tons)
  2. South Korea (84.3 tons)
  3. United States (12.9 tons)
  4. Australia (10.5 tons)
  5. China (3.8 tons)

Source: IndexBox Market Intelligence Platform

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