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

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in the Czech Republic (CIF) - 2023
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in the Czech Republic (FOB) - 2023
3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in the Czech Republic
4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in the Czech Republic

Price for Machines; Parts and Accessories, of Heading No. 8472 in the Czech Republic (CIF) - 2023

The average import price for machines; parts and accessories, of heading no. 8472 stood at $20,024 per ton in November 2023, shrinking by -4.6% against the previous month. In general, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in June 2023 an increase of 87% m-o-m. As a result, import price attained the peak level of $51,799 per ton. From July 2023 to November 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($121K per ton), while the price for Germany ($8,968 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 Italy (+2.0%), while the prices for the other major suppliers experienced a decline.

Price for Machines; Parts and Accessories, of Heading No. 8472 in the Czech Republic (FOB) - 2023

The average export price for machines; parts and accessories, of heading no. 8472 stood at $61,849 per ton in November 2023, remaining stable against the previous month. Over the period under review, export price indicated tangible growth from December 2022 to November 2023: its price increased at an average monthly rate of +2.9% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for machines; parts and accessories, of heading no. 8472 increased by +41.8% against September 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 87% month-to-month. Over the period under review, the average export prices hit record highs at $86,637 per ton in February 2023; however, from March 2023 to November 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Bosnia and Herzegovina ($139K per ton), while the average price for exports to Germany ($13,821 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+61.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in the Czech Republic

In 2022, imports of machines; parts and accessories, of heading no. 8472 into the Czech Republic surged to 480 tons, picking up by 42% compared with the previous year's figure. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% 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 +70.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines; parts and accessories, of heading no. 8472 fell to $11M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, imports reached the peak of $12M, and then shrank in the following year.

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

1. Germany (398.5 tons)
2. Netherlands (36.1 tons)
3. Italy (8.2 tons)
4. Slovakia (8.1 tons)
5. Hungary (6.3 tons)
6. Spain (3.6 tons)
7. Poland (2.0 tons)
8. China (1.9 tons)
9. United Kingdom (1.0 tons)
10. France (0.2 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in the Czech Republic

Exports of machines; parts and accessories, of heading no. 8472 from the Czech Republic surged to 199 tons in 2022, with an increase of 57% on 2021. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.3% 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 +73.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines; parts and accessories, of heading no. 8472 surged to $5.7M in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Spain (100.1 tons)
2. United States (43.4 tons)
3. Germany (15.6 tons)
4. Slovakia (14.2 tons)
5. South Korea (8.3 tons)
6. Netherlands (7.1 tons)
7. Italy (5.0 tons)

Source: IndexBox Market Intelligence Platform