Price for Machines; Parts and Accessories, of Heading No. 8472 in Luxembourg - 2023

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Luxembourg (CIF) - 2022
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Luxembourg (FOB) - 2022
3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Luxembourg
4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Luxembourg

Price for Machines; Parts and Accessories, of Heading No. 8472 in Luxembourg (CIF) - 2022

In 2022, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $56,065 per ton, which is down by -4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 122% against the previous year. Over the period under review, average import prices hit record highs at $80,373 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($88,034 per ton), while the price for Germany ($40,528 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.0%), while the prices for the other major suppliers experienced a decline.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Luxembourg (FOB) - 2022

The average export price for machines; parts and accessories, of heading no. 8472 stood at $63,882 per ton in 2022, jumping by 147% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 200% against the previous year. The export price peaked at $298,079 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Turkey ($379,425 per ton), while the average price for exports to Norway ($7,340 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 Turkey (+36.9%), while the prices for the other major destinations experienced a decline.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Luxembourg

In 2022, supplies from abroad of machines; parts and accessories, of heading no. 8472 decreased by -15.6% to 13 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 99% against the previous year. As a result, imports attained the peak of 40 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of machines; parts and accessories, of heading no. 8472 plummeted to $736K in 2022. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 162%. As a result, imports attained the peak of $3.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Luxembourg in 2022:

1. Belgium (6.2 tons)
2. Netherlands (3.0 tons)
3. Germany (2.5 tons)
4. France (0.8 tons)
5. Poland (0.4 tons)
6. China (0.3 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Luxembourg

In 2022, exports of machines; parts and accessories, of heading no. 8472 from Luxembourg shrank to 5.2 tons, falling by -6.3% compared with the year before. In general, exports, however, posted a strong expansion. The growth pace was the most rapid in 2021 with an increase of 462% against the previous year. As a result, the exports reached the peak of 5.5 tons, and then dropped in the following year.

In value terms, exports of machines; parts and accessories, of heading no. 8472 surged to $332K in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 157%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Luxembourg in 2022:

1. Belgium (1795.0 kg)
2. France (1548.0 kg)
3. Germany (727.0 kg)
4. Netherlands (485.0 kg)
5. Turkey (480.0 kg)
6. Norway (144.0 kg)

Source: IndexBox Market Intelligence Platform