Price for Machinery; Parts of Machinery of Heading No. 8422 in Thailand - 2024
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Thailand (FOB) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Thailand (CIF) - 2022
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Thailand
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Thailand
Price for Machinery; Parts of Machinery of Heading No. 8422 in Thailand (FOB) - 2022
The average export price for machinery; parts of machinery of heading no. 8422 stood at $12,720 per ton in 2022, rising by 18% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($19,276 per ton), while the average price for exports to the United States ($7,821 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 (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Machinery; Parts of Machinery of Heading No. 8422 in Thailand (CIF) - 2022
In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $53,848 per ton, growing by 13% against the previous year. In general, the import price, however, showed a slight decline. The pace of growth was the most pronounced in 2018 an increase of 30% against the previous year. The import price peaked at $63,120 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($224,172 per ton), while the price for Taiwan (Chinese) ($10,701 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Thailand
After three years of growth, overseas shipments of machinery; parts of machinery of heading no. 8422 decreased by -16.6% to 2.1K tons in 2022. The total export volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 28%. As a result, the exports reached the peak of 2.5K tons, and then declined dramatically in the following year.
In value terms, exports of machinery; parts of machinery of heading no. 8422 dropped slightly to $26M in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 13%. As a result, the exports attained the peak of $27M, and then reduced modestly in the following year.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.6 | 9.6 | 11.4 | 11.5 | 10.2% |
| Japan | 2.1 | 2.2 | 2.8 | 2.5 | 6.0% |
| China | 1.0 | 1.6 | 1.4 | 1.9 | 23.9% |
| United Kingdom | 0.4 | 0.4 | 0.7 | 1.1 | 40.1% |
| Canada | 0.3 | 0.6 | 0.7 | 0.2 | -12.6% |
| Others | 8.4 | 9.0 | 9.5 | 9.1 | 2.7% |
| Total | 20.7 | 23.4 | 26.5 | 26.2 | 8.2% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Thailand in 2022:
- United States (1467.3 tons)
- Japan (143.1 tons)
- China (118.1 tons)
- United Kingdom (91.6 tons)
- Canada (16.3 tons)
Imports of Machinery; Parts of Machinery of Heading No. 8422 in Thailand
Imports of machinery; parts of machinery of heading no. 8422 into Thailand was estimated at 317 tons in 2022, increasing by 7% against 2021 figures. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 12%. As a result, imports reached the peak of 471 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of machinery; parts of machinery of heading no. 8422 skyrocketed to $17M in 2022. Over the period under review, imports, however, continue to indicate a noticeable contraction.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 1.9 | 2.3 | 3.6 | 23.7% |
| Italy | 3.0 | 3.9 | 2.4 | 3.3 | 3.2% |
| Japan | 2.0 | 3.1 | 3.3 | 2.3 | 4.8% |
| Germany | 3.1 | 2.9 | 1.8 | 1.9 | -15.1% |
| Singapore | N/A | N/A | 0.3 | 1.2 | 300.0% |
| Netherlands | 1.0 | 0.7 | 0.2 | 0.5 | -20.6% |
| United States | 1.3 | 0.6 | 0.7 | 0.5 | -27.3% |
| South Korea | 0.6 | 0.8 | 0.2 | 0.5 | -5.9% |
| Taiwan (Chinese) | 0.8 | 0.3 | 0.5 | 0.4 | -20.6% |
| Turkey | 1.1 | N/A | N/A | 0.1 | -55.0% |
| Bulgaria | 1.3 | N/A | N/A | N/A | 0% |
| Others | 3.6 | 5.8 | 2.5 | 2.6 | -10.3% |
| Total | 19.7 | 20.2 | 14.1 | 17.1 | -4.6% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Thailand in 2022:
- China (152.9 tons)
- Italy (50.2 tons)
- Taiwan (Chinese) (36.8 tons)
- Germany (17.9 tons)
- Japan (13.3 tons)
- South Korea (11.1 tons)
- Singapore (5.4 tons)
- United States (3.1 tons)
- Turkey (2.4 tons)
- Netherlands (1.7 tons)
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