Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belgium - 2023

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belgium (FOB) - 2023
2. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belgium (CIF) - 2022
3. Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Belgium
4. Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Belgium

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belgium (FOB) - 2023

The average export price for machinery; parts of the machinery of heading no. 8427 stood at $18,553 per ton in October 2023, picking up by 1.6% against the previous month. Overall, export price indicated a remarkable increase from October 2022 to October 2023: its price increased at an average monthly rate of +6.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for machinery; parts of the machinery of heading no. 8427 increased by +52.0% against June 2023 indices. The growth pace was the most rapid in November 2022 when the average export price increased by 46% against the previous month. Over the period under review, the average export prices reached the peak figure in October 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Australia ($29,908 per ton), while the average price for exports to Egypt ($2,181 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Belgium (CIF) - 2022

In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $6,659 per ton, surging by 18% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The import price peaked at $12,366 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($17,680 per ton), while the price for Sri Lanka ($2,720 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Belgium

For the fourth year in a row, Belgium recorded growth in overseas shipments of machinery; parts of the machinery of heading no. 8427, which increased by 13% to 46K tons in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 108% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 hit record highs 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. 8427 shrank to $362M in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Belgium in 2022:

1. France (12.6K tons)
2. Netherlands (5.8K tons)
3. Germany (4.8K tons)
4. Poland (2.9K tons)
5. Finland (2.8K tons)
6. Sweden (2.8K tons)
7. Spain (1.8K tons)
8. Romania (1.4K tons)
9. United Kingdom (1.4K tons)
10. Slovakia (1.4K tons)
11. Italy (1.3K tons)

Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Belgium

In 2022, supplies from abroad of machinery; parts of the machinery of heading no. 8427 decreased by -14.2% to 41K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of 48K tons, and then declined in the following year.

In value terms, imports of machinery; parts of the machinery of heading no. 8427 totaled $272M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 35%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Belgium in 2022:

1. China (8.7K tons)
2. Netherlands (7.9K tons)
3. Germany (5.6K tons)
4. Sweden (5.1K tons)
5. Slovakia (2.7K tons)
6. Turkey (2.4K tons)
7. Italy (1.7K tons)
8. Sri Lanka (1.5K tons)
9. Czech Republic (1.1K tons)
10. France (1.0K tons)
11. North Macedonia (0.9K tons)

Source: IndexBox Market Intelligence Platform