Price for Machinery; Parts of Machinery of Heading No. 8422 in Egypt - 2023

Contents:

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

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

In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $16,621 per ton, falling by -65.1% against the previous year. In general, the import price showed a noticeable decrease. The pace of growth was the most pronounced in 2017 an increase of 367% against the previous year. Over the period under review, average import prices attained the peak figure at $57,230 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($126,916 per ton), while the price for Turkey ($2,208 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.4%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $174,146 per ton, dropping by -6.4% against the previous year. In general, the export price, however, showed a significant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 6,843% against the previous year. The export price peaked at $216,195 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($180,133 per ton), while the average price for exports to Sudan ($160,500 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 Sudan (+106.6%).

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

In 2022, the amount of machinery; parts of machinery of heading no. 8422 imported into Egypt soared to 206 tons, growing by 106% on the previous year's figure. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 212%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of machinery; parts of machinery of heading no. 8422 contracted dramatically to $3.4M in 2022. In general, imports showed resilient growth. The growth pace was the most rapid in 2021 with an increase of 160% against the previous year. As a result, imports reached the peak of $4.8M, and then reduced markedly in the following year.

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

1. China (139.4 tons)
2. Turkey (29.6 tons)
3. Italy (20.1 tons)
4. Germany (7.4 tons)

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

In 2022, overseas shipments of machinery; parts of machinery of heading no. 8422 decreased by -37.9% to 41 kg, falling for the second consecutive year after two years of growth. Overall, exports showed a dramatic curtailment. The pace of growth was the most pronounced in 2020 with an increase of 118%. As a result, the exports reached the peak of 262 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of machinery; parts of machinery of heading no. 8422 contracted rapidly to $7.1K in 2022. Over the period under review, exports showed a mild setback. The most prominent rate of growth was recorded in 2020 when exports increased by 557% against the previous year. As a result, the exports reached the peak of $49K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Lebanon (24.0 kg)
2. India (15.0 kg)
3. Sudan (2.0 kg)

Source: IndexBox Market Intelligence Platform