Price for Machinery; Parts of the Machinery of Heading No. 8425 in Spain - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Spain (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Spain (CIF) - 2023
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Spain
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Spain
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Spain (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $13,435 per ton in 2022, falling by -8.7% against the previous year. In general, the export price, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2018 an increase of 50%. Over the period under review, the average export prices reached the maximum at $14,722 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($22,700 per ton), while the average price for exports to Morocco ($8,588 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 Germany (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Spain (CIF) - 2023
In November 2023, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $15,449 per ton, rising by 159% against the previous month. Overall, the import price posted a prominent increase. Over the period under review, average import prices reached the maximum at $21,357 per ton in July 2023; however, from August 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($305K per ton), while the price for India ($2,760 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the UK (+42.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Spain
For the fourth consecutive year, Spain recorded growth in shipments abroad of machinery; parts of the machinery of heading no. 8425, which increased by 29% to 2.1K tons in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8425 attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 soared to $29M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 36%. Over the period under review, the exports of machinery; parts of machinery of heading no. 8425 reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1.3 | 1.3 | 3.4 | 3.4 | 37.8% |
| China | 1.3 | 4.4 | 3.2 | 2.9 | 30.7% |
| France | 0.5 | 0.8 | 1.0 | 2.0 | 58.7% |
| Mexico | 0.5 | 0.8 | 1.3 | 1.9 | 56.0% |
| Denmark | 1.0 | 0.4 | 0.5 | 1.8 | 21.6% |
| United Kingdom | 0.3 | 0.3 | 0.3 | 1.7 | 78.3% |
| Hong Kong SAR | 0.1 | 0.1 | N/A | 1.3 | 135.1% |
| United States | 1.8 | 1.4 | 1.6 | 1.2 | -12.6% |
| Germany | 0.2 | 0.7 | 0.3 | 0.7 | 51.8% |
| Belgium | N/A | 0.1 | 0.2 | 0.7 | 164.6% |
| Ecuador | 0.6 | 0.3 | 1.0 | 0.6 | 0.0% |
| India | 1.1 | 0.4 | 0.7 | 0.5 | -23.1% |
| Morocco | 1.0 | 0.5 | 0.7 | 0.4 | -26.3% |
| Others | 6.8 | 10.8 | 10.4 | 9.7 | 12.6% |
| Total | 16.5 | 22.5 | 24.6 | 28.9 | 20.5% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Spain in 2022:
- Brazil (273.5 tons)
- China (229.4 tons)
- France (223.5 tons)
- United Kingdom (142.5 tons)
- Hong Kong SAR (120.5 tons)
- Mexico (101.8 tons)
- Denmark (96.4 tons)
- United States (84.5 tons)
- Morocco (52.1 tons)
- India (45.6 tons)
- Germany (32.8 tons)
- Belgium (30.4 tons)
- Ecuador (30.2 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Spain
In 2022, approx. 2.3K tons of machinery; parts of the machinery of heading no. 8425 were imported into Spain; growing by 17% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 soared to $21M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, imports of machinery; parts of machinery of heading no. 8425 attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.5 | 2.5 | 2.6 | 4.8 | 11.1% |
| Germany | 2.6 | 2.8 | 2.9 | 3.2 | 7.2% |
| China | 2.3 | 2.3 | 3.0 | 2.5 | 2.8% |
| France | 2.2 | 1.8 | 2.2 | 1.9 | -4.8% |
| United Kingdom | 0.4 | 0.7 | 0.3 | 1.5 | 55.4% |
| Slovenia | N/A | N/A | 0.5 | 1.3 | 160.0% |
| Netherlands | 0.7 | 1.1 | 1.9 | 0.9 | 8.7% |
| Poland | N/A | N/A | 0.1 | 0.8 | 700.0% |
| United States | 0.4 | 0.2 | 0.6 | 0.6 | 14.5% |
| India | 0.5 | 0.7 | 0.7 | 0.3 | -15.7% |
| Others | 3.2 | 3.2 | 3.3 | 3.4 | 2.0% |
| Total | 15.9 | 15.3 | 18.0 | 21.1 | 9.9% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Spain in 2022:
- Italy (448.5 tons)
- China (400.8 tons)
- Germany (311.5 tons)
- France (285.4 tons)
- United Kingdom (258.4 tons)
- United States (134.2 tons)
- Slovenia (114.3 tons)
- Poland (67.7 tons)
- Netherlands (64.5 tons)
- India (58.7 tons)
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