Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in South Korea - 2022
Contents:
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in South Korea (FOB) - 2022
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in South Korea (CIF) - 2022
- Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in South Korea
- Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in South Korea
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in South Korea (FOB) - 2022
In 2022, the average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $58,082 per ton, with a decrease of -2% against the previous year. In general, the export price saw a slight decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices attained the maximum at $76,910 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 China ($225,101 per ton), while the average price for exports to Ethiopia ($5,005 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 Vietnam (+10.3%), 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 South Korea (CIF) - 2022
In 2022, the average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $44,930 per ton, declining by -14.4% against the previous year. Over the period under review, the import price recorded a pronounced descent. The growth pace was the most rapid in 2020 an increase of 22%. The import price peaked at $63,786 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Japan ($351,323 per ton), while the price for China ($7,634 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in South Korea
In 2022, approx. 230 tons of machine-tools; parts and accessories, for the machines of heading no. 8464 were exported from South Korea; waning by -30.2% against 2021. Over the period under review, exports recorded a deep downturn. The smallest decline of -4.6% was in 2021.
In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 contracted dramatically to $13M in 2022. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, the exports attained the peak of $20M, and then contracted remarkably in the following year.
| Export of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.7 | 4.1 | 12.5 | 7.3 | 15.8% |
| Japan | 3.7 | 2.7 | 3.3 | 2.5 | -12.3% |
| Vietnam | 5.8 | 5.3 | 2.3 | 1.7 | -33.6% |
| United States | 0.2 | 0.3 | 0.3 | 0.7 | 51.8% |
| Indonesia | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
| Hungary | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Israel | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Ethiopia | N/A | N/A | N/A | N/A | 0% |
| Others | 1.9 | 1.1 | 0.8 | 0.7 | -28.3% |
| Total | 16.8 | 13.9 | 19.5 | 13.4 | -7.3% |
Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from South Korea in 2022:
- Japan (59.3 tons)
- United States (57.4 tons)
- China (32.5 tons)
- Vietnam (31.8 tons)
- Indonesia (25.3 tons)
- Ethiopia (6.2 tons)
- Israel (6.1 tons)
- Hungary (4.1 tons)
Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in South Korea
Imports of machine-tools; parts and accessories, for the machines of heading no. 8464 into South Korea dropped sharply to 250 tons in 2022, waning by -17.8% against 2021. Overall, imports showed a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 2.7%.
In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 contracted dramatically to $11M in 2022. In general, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 5.8% against the previous year.
| Import of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 16.1 | 9.1 | 11.3 | 5.3 | -31.0% |
| Germany | 1.1 | 0.4 | 0.4 | 2.0 | 22.1% |
| China | 2.2 | 1.4 | 1.3 | 1.2 | -18.3% |
| United States | 0.2 | 2.1 | 0.9 | 0.9 | 65.1% |
| Italy | 0.8 | 0.6 | 0.6 | 0.4 | -20.6% |
| Turkey | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Others | 1.9 | 1.3 | 1.2 | 1.0 | -19.3% |
| Total | 22.4 | 15.1 | 15.9 | 11.2 | -20.6% |
Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to South Korea in 2022:
- China (161.3 tons)
- Germany (23.0 tons)
- Japan (15.2 tons)
- Italy (13.5 tons)
- United States (13.3 tons)
- Taiwan (Chinese) (8.5 tons)
- Turkey (6.0 tons)
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