Price for Machinery; Parts of the Machinery of Heading No. 8427 in Portugal - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Portugal (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Portugal (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Portugal
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Portugal
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Portugal (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $13,725 per ton in 2022, rising by 3.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 24% against the previous year. As a result, import price reached the peak level of $14,325 per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Sweden ($26,739 per ton), while the price for China ($2,846 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Portugal (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $15,550 per ton in 2022, picking up by 23% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 machinery; parts of the machinery of heading no. 8427 increased by +49.1% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 44%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($28,575 per ton), while the average price for exports to Peru ($4,252 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 the United States (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Portugal
In 2022, overseas purchases of machinery; parts of the machinery of heading no. 8427 decreased by -15.6% to 2.2K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 18%. As a result, imports attained the peak of 2.6K tons, and then fell remarkably in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 declined to $30M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25%. As a result, imports reached the peak of $34M, and then declined in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 6.5 | 8.3 | 10.5 | 9.0 | 11.5% |
| Germany | 4.4 | 4.3 | 6.6 | 7.0 | 16.7% |
| France | 3.0 | 2.5 | 3.2 | 3.4 | 4.3% |
| Italy | 2.5 | 1.7 | 3.8 | 2.7 | 2.6% |
| Spain | 4.6 | 4.6 | 3.7 | 2.3 | -20.6% |
| Sweden | 1.8 | 2.7 | 2.8 | 1.9 | 1.8% |
| Netherlands | 1.1 | 1.0 | 1.7 | 1.5 | 10.9% |
| Finland | 0.8 | 0.4 | 0.9 | 0.4 | -20.6% |
| China | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | 0.7 | 1.8 | 0.6 | 1.2 | 19.7% |
| Total | 25.4 | 27.2 | 33.9 | 29.7 | 5.4% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Portugal in 2022:
- Belgium (687.4 tons)
- Germany (519.4 tons)
- Spain (229.4 tons)
- Italy (222.8 tons)
- France (179.1 tons)
- China (93.0 tons)
- Netherlands (84.0 tons)
- Sweden (70.7 tons)
- Finland (20.6 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Portugal
In 2022, approx. 138 tons of machinery; parts of the machinery of heading no. 8427 were exported from Portugal; which is down by -56.8% on the previous year's figure. Overall, exports faced a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 4.2% against the previous year.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 contracted rapidly to $2.1M in 2022. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 0.4%.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 959 | 430 | 948 | 640 | -12.6% |
| Spain | 419 | 582 | 353 | 225 | -18.7% |
| United Kingdom | 204 | 494 | 95.8 | 135 | -12.9% |
| Cabo Verde | 54.4 | 66.8 | 82.5 | 124 | 31.6% |
| China | 75.0 | 36.6 | 87.1 | 124 | 18.2% |
| Denmark | 138 | 59.5 | 251 | 99.3 | -10.4% |
| France | 121 | 215 | 76.2 | 99.3 | -6.4% |
| Belgium | 142 | 712 | 745 | 94.4 | -12.7% |
| United States | 183 | 32.0 | 109 | 90.2 | -21.0% |
| Netherlands | 397 | 686 | 742 | 71.7 | -43.5% |
| Mozambique | 35.2 | 117 | 53.6 | 31.8 | -3.3% |
| Switzerland | 13.4 | 6.5 | 9.5 | 16.5 | 7.2% |
| Peru | N/A | N/A | N/A | 15.8 | 0% |
| Others | 1,354 | 591 | 495 | 376 | -34.8% |
| Total | 4,094 | 4,029 | 4,048 | 2,144 | -19.4% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Portugal in 2022:
- Angola (37.0 tons)
- China (14.2 tons)
- Cabo Verde (8.7 tons)
- Netherlands (8.2 tons)
- France (8.2 tons)
- Belgium (7.9 tons)
- Spain (7.9 tons)
- United States (6.7 tons)
- Denmark (5.3 tons)
- Mozambique (5.3 tons)
- United Kingdom (4.9 tons)
- Peru (3.7 tons)
- Switzerland (3.5 tons)
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