Price for Machinery; Parts of the Machinery of Heading No. 8425 in Italy - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Italy (FOB) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Italy (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Italy
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Italy
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Italy (FOB) - 2023
In November 2023, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $25,385 per ton, surging by 2% against the previous month. Overall, export price indicated a temperate increase from December 2022 to November 2023: its price increased at an average monthly rate of +2.0% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for machinery; parts of the machinery of heading no. 8425 increased by +59.3% against August 2023 indices. The growth pace was the most rapid in September 2023 when the average export price increased by 48% against the previous month. The export price peaked at $30,525 per ton in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was the United States ($42,344 per ton), while the average price for exports to Brazil ($5,258 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Italy (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $7,738 per ton, with an increase of 9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 18% against the previous year. The import price peaked at $8,652 per ton in 2013; however, from 2014 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 Germany ($20,332 per ton), while the price for India ($3,840 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Italy
Exports of machinery; parts of the machinery of heading no. 8425 from Italy expanded slightly to 11K tons in 2022, picking up by 4.4% against the previous year. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8425 reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 expanded modestly to $181M in 2022. The total export value increased at an average annual rate of +3.0% from 2019 to 2022; 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 with an increase of 11% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.8 | 19.4 | 23.2 | 22.3 | 4.0% |
| United States | 25.4 | 24.5 | 22.2 | 20.5 | -6.9% |
| France | 14.4 | 15.5 | 20.7 | 19.2 | 10.1% |
| United Kingdom | 22.0 | 11.7 | 15.0 | 13.5 | -15.0% |
| China | 4.1 | 4.8 | 6.9 | 12.2 | 43.8% |
| Austria | 11.9 | 11.0 | 10.8 | 7.9 | -12.8% |
| Netherlands | 4.9 | 6.3 | 7.1 | 7.8 | 16.8% |
| Japan | 4.7 | 3.3 | 4.1 | 5.4 | 4.7% |
| Belgium | 5.3 | 4.6 | 4.6 | 5.4 | 0.6% |
| Saudi Arabia | 2.4 | 2.7 | 1.4 | 4.7 | 25.1% |
| Spain | 3.2 | 2.2 | 2.9 | 4.1 | 8.6% |
| Brazil | 1.5 | 2.2 | 4.2 | 3.2 | 28.7% |
| Russia | 0.9 | 0.6 | 1.4 | 3.2 | 52.6% |
| Others | 44.9 | 48.8 | 50.3 | 51.3 | 4.5% |
| Total | 165 | 158 | 175 | 181 | 3.1% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Italy in 2022:
- Germany (1467.9 tons)
- France (847.3 tons)
- Saudi Arabia (828.5 tons)
- Netherlands (625.5 tons)
- Belgium (526.2 tons)
- United Kingdom (508.4 tons)
- Brazil (493.9 tons)
- United States (483.9 tons)
- Austria (442.8 tons)
- China (387.9 tons)
- Japan (356.5 tons)
- Spain (351.8 tons)
- Russia (319.2 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Italy
In 2022, approx. 7.9K tons of machinery; parts of the machinery of heading no. 8425 were imported into Italy; growing by 6% on the year before. The total import volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 surged to $61M in 2022. The total import value increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.4 | 12.6 | 17.3 | 23.1 | 14.5% |
| Bulgaria | 11.1 | 9.1 | 13.0 | 16.0 | 13.0% |
| Germany | 3.1 | 4.2 | 4.5 | 3.8 | 7.0% |
| India | 0.7 | 0.2 | 2.1 | 2.2 | 46.5% |
| France | 2.9 | 2.5 | 2.2 | 2.2 | -8.8% |
| Poland | N/A | 0.1 | N/A | 1.3 | 260.6% |
| Turkey | 0.7 | 0.4 | 0.8 | 0.7 | 0.0% |
| Bosnia and Herzegovina | 0.8 | 0.9 | 0.4 | N/A | -29.3% |
| Others | 15.2 | 11.9 | 12.2 | 11.5 | -8.9% |
| Total | 49.9 | 41.9 | 52.6 | 60.8 | 6.8% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Italy in 2022:
- China (4199.7 tons)
- Bulgaria (1974.2 tons)
- India (569.4 tons)
- Germany (186.0 tons)
- Turkey (156.7 tons)
- Poland (127.4 tons)
- France (122.8 tons)
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