Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Hungary - 2023

Contents:

1. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Hungary (FOB) - 2022
2. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Hungary (CIF) - 2022
3. Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Hungary
4. Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Hungary

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Hungary (FOB) - 2022

In 2022, the average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $9,768 per ton, growing by 6.8% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 machine-tools; parts and accessories, for the machines of heading no. 8464 increased by +72.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Switzerland ($61,132 per ton), while the average price for exports to Romania ($4,547 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 Switzerland (+22.5%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Hungary (CIF) - 2022

The average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $34,163 per ton in 2022, growing by 7% against the previous year. Over the period under review, the import price, however, saw a deep slump. The growth pace was the most rapid in 2020 an increase of 59%. The import price peaked at $73,963 per ton in 2012; however, from 2013 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 Poland ($56,892 per ton), while the price for the Czech Republic ($22,947 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+16.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Hungary

In 2022, shipments abroad of machine-tools; parts and accessories, for the machines of heading no. 8464 was finally on the rise to reach 377 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt descent.

In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 rose rapidly to $3.7M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, the exports of machine-tools; parts and accessories, for machines of heading no. 8464 reached the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from Hungary in 2022:

1. Germany (331.4 tons)
2. Poland (21.1 tons)
3. Romania (18.8 tons)
4. Austria (0.6 tons)
5. Slovakia (0.6 tons)

Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Hungary

In 2022, approx. 98 tons of machine-tools; parts and accessories, for the machines of heading no. 8464 were imported into Hungary; with a decrease of -9.3% on 2021. Overall, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year.

In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 declined modestly to $3.3M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of $3.5M, and then dropped slightly in the following year.

Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Hungary in 2022:

1. Italy (26.1 tons)
2. Germany (19.4 tons)
3. Austria (17.2 tons)
4. Czech Republic (9.5 tons)
5. Denmark (6.1 tons)
6. Romania (6.0 tons)
7. China (2.7 tons)
8. Netherlands (2.6 tons)

Source: IndexBox Market Intelligence Platform