Price for Machinery; Parts of Machinery of Heading No. 8422 in Vietnam - 2022

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Vietnam (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Vietnam (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Vietnam
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Vietnam

Price for Machinery; Parts of Machinery of Heading No. 8422 in Vietnam (CIF) - 2022

In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $213,754 per ton, growing by 6.9% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machinery; parts of machinery of heading no. 8422 increased by +116.0% against 2012 indices. The most prominent rate of growth was recorded in 2013 an increase of 14%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($213,014 per ton) and China ($213,008 per ton), while the price for Switzerland ($212,237 per ton) and Sweden ($212,736 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Vietnam (FOB) - 2022

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $143,808 per ton, declining by -3.4% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 machinery of heading no. 8422 decreased by -20.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices reached the peak figure at $180,387 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($143,826 per ton), while the average price for exports to the United States ($143,809 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 (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Vietnam

In 2022, approx. 104 tons of machinery; parts of machinery of heading no. 8422 were imported into Vietnam; with an increase of 15% compared with 2021 figures. Overall, imports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year.

In value terms, imports of machinery; parts of machinery of heading no. 8422 surged to $22M in 2022. In general, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +4.6% 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 +91.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 56% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Vietnam in 2022:

1. Italy (43.2 tons)
2. United States (18.0 tons)
3. China (10.5 tons)
4. Switzerland (7.4 tons)
5. Germany (6.6 tons)
6. Japan (5.9 tons)
7. Sweden (3.2 tons)
8. Taiwan (Chinese) (1.8 tons)
9. Austria (1.7 tons)
10. South Korea (1.7 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Vietnam

In 2022, exports of machinery; parts of machinery of heading no. 8422 from Vietnam reduced to 58 tons, shrinking by -9.9% compared with the year before. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 108%. As a result, the exports reached the peak of 65 tons, and then reduced in the following year.

In value terms, exports of machinery; parts of machinery of heading no. 8422 reduced to $8.4M in 2022. Over the period under review, exports, however, posted resilient growth. The growth pace was the most rapid in 2021 when exports increased by 72% against the previous year. As a result, the exports reached the peak of $9.7M, and then reduced in the following year.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Vietnam in 2022:

1. Japan (33.7 tons)
2. United States (17.5 tons)
3. Indonesia (3.5 tons)

Source: IndexBox Market Intelligence Platform