Price for Machinery; Parts of the Machinery of Heading No. 8427 in Finland - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Finland (CIF) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Finland (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Finland
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Finland
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Finland (CIF) - 2023
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $1,761 per ton in October 2023, which is down by -62.5% against the previous month. In general, the import price continues to indicate a deep reduction. The growth pace was the most rapid in July 2023 an increase of 20% against the previous month. Over the period under review, average import prices hit record highs at $6,131 per ton in February 2023; however, from March 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($6,594 per ton), while the price for China ($1,224 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.5%), 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 Finland (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $16,720 per ton in 2022, falling by -12.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 15%. Over the period under review, the average export prices reached the peak figure at $19,179 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($31,079 per ton), while the average price for exports to Spain ($9,326 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 France (+8.5%), 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 Finland
In 2022, imports of machinery; parts of the machinery of heading no. 8427 into Finland soared to 15K tons, with an increase of 28% on the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, imports of machinery; parts of machinery of heading no. 8427 reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 skyrocketed to $70M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +71.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Machinery; Parts of the Machinery of Heading No. 8427 in Finland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 3.1 | 5.1 | 8.6 | 11.7 | 55.7% |
Italy | 9.8 | 6.1 | 7.2 | 9.8 | 0.0% |
Germany | 7.6 | 7.0 | 8.4 | 8.2 | 2.6% |
China | 5.6 | 3.7 | 7.8 | 7.8 | 11.7% |
Sweden | 8.1 | 6.2 | 7.0 | 7.5 | -2.5% |
Belgium | 2.6 | 2.6 | 3.7 | 6.1 | 32.9% |
Poland | 0.3 | 0.4 | 0.7 | 4.0 | 137.1% |
United Kingdom | 0.3 | 0.1 | 0.1 | 3.1 | 117.8% |
Czech Republic | 1.3 | 1.4 | 2.1 | 2.8 | 29.1% |
Spain | 0.3 | 0.8 | 1.7 | 2.6 | 105.4% |
Romania | 1.0 | 0.7 | 0.8 | 1.0 | 0.0% |
Sri Lanka | 1.4 | 0.4 | 0.5 | 0.3 | -40.2% |
Slovakia | 2.0 | 1.4 | 0.1 | 0.1 | -63.2% |
Others | 5.5 | 4.7 | 4.5 | 4.7 | -5.1% |
Total | 49.0 | 40.7 | 53.1 | 69.7 | 12.5% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Finland in 2022:
- China (4.5K tons)
- Estonia (3.0K tons)
- Italy (1.8K tons)
- Spain (1.1K tons)
- Belgium (0.8K tons)
- Germany (0.7K tons)
- Czech Republic (0.6K tons)
- Poland (0.6K tons)
- Romania (0.5K tons)
- United Kingdom (0.5K tons)
- Sweden (0.4K tons)
- Sri Lanka (0.1K tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Finland
In 2022, overseas shipments of machinery; parts of the machinery of heading no. 8427 were finally on the rise to reach 2K tons after two years of decline. In general, exports, however, continue to indicate a abrupt decline.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 reduced to $33M in 2022. Overall, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 4.3%.
Export of Machinery; Parts of the Machinery of Heading No. 8427 in Finland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 0.7 | 0.5 | 1.3 | 4.4 | 84.6% |
United States | 3.1 | 4.1 | 4.3 | 4.3 | 11.5% |
Sweden | 16.4 | 4.5 | 5.1 | 3.3 | -41.4% |
Germany | 4.1 | 4.1 | 4.1 | 3.2 | -7.9% |
Italy | 3.4 | 2.1 | 2.8 | 2.9 | -5.2% |
France | 2.2 | 2.1 | 1.4 | 2.2 | 0.0% |
Poland | 1.1 | 1.0 | 1.2 | 1.2 | 2.9% |
United Kingdom | 1.1 | 1.2 | 1.1 | 1.2 | 2.9% |
Norway | 0.5 | 0.6 | 0.5 | 1.1 | 30.1% |
Australia | 0.4 | 0.3 | 0.5 | 0.9 | 31.0% |
Austria | 0.6 | 0.7 | 1.1 | 0.8 | 10.1% |
Belgium | 0.7 | 0.6 | 0.9 | 0.8 | 4.6% |
Canada | 0.8 | 0.8 | 0.3 | 0.6 | -9.1% |
Others | 10.3 | 11.5 | 10.8 | 6.3 | -15.1% |
Total | 45.4 | 33.9 | 35.4 | 33.2 | -9.9% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Finland in 2022:
- Spain (470.8 tons)
- Italy (234.5 tons)
- United States (226.7 tons)
- Germany (197.3 tons)
- Sweden (154.3 tons)
- Belgium (84.4 tons)
- Norway (76.3 tons)
- France (69.8 tons)
- Poland (60.9 tons)
- Australia (57.6 tons)
- United Kingdom (56.2 tons)
- Austria (44.5 tons)
- Canada (36.1 tons)
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