Price for Machinery; Parts of the Machinery of Heading No. 8425 in Denmark - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Denmark (CIF) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Denmark (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Denmark
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Denmark
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Denmark (CIF) - 2023
In November 2023, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $16,748 per ton, dropping by -3.4% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 56% m-o-m. As a result, import price reached the peak level of $24,125 per ton. From October 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($65,881 per ton), while the price for Norway ($7,779 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 (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Denmark (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $26,467 per ton in 2022, rising by 2.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 an increase of 22%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($48,225 per ton), while the average price for exports to New Zealand ($11,710 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 Sweden (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Denmark
In 2022, imports of machinery; parts of the machinery of heading no. 8425 into Denmark rose modestly to 1.7K tons, increasing by 2.4% against the previous year. Overall, imports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 5.9%.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 reached $26M in 2022. In general, imports, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of 23%.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.9 | 5.9 | 6.8 | 5.2 | -9.0% |
| Italy | 2.9 | 2.9 | 5.4 | 4.5 | 15.8% |
| Norway | 6.5 | 3.3 | 3.4 | 4.1 | -14.2% |
| China | 2.7 | 2.7 | 3.2 | 3.3 | 6.9% |
| United Kingdom | 0.9 | 0.5 | 1.3 | 1.1 | 6.9% |
| Netherlands | 1.7 | 1.1 | 0.8 | 1.0 | -16.2% |
| Spain | 0.9 | 0.6 | 0.7 | 0.8 | -3.9% |
| Others | 5.9 | 3.5 | 3.5 | 6.2 | 1.7% |
| Total | 28.4 | 20.3 | 25.1 | 26.2 | -2.7% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Denmark in 2022:
- Italy (390.7 tons)
- China (310.6 tons)
- Norway (248.6 tons)
- Germany (237.8 tons)
- Netherlands (118.6 tons)
- United Kingdom (82.6 tons)
- Spain (75.0 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Denmark
In 2022, the amount of machinery; parts of the machinery of heading no. 8425 exported from Denmark declined rapidly to 983 tons, waning by -27.2% compared with 2021 figures. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of 1.3K tons, and then reduced dramatically in the following year.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 plummeted to $26M in 2022. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. As a result, the exports reached the peak of $35M, and then fell dramatically in the following year.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.6 | 8.0 | 7.8 | 8.8 | 5.0% |
| Norway | 7.2 | 4.2 | 4.0 | 3.0 | -25.3% |
| United States | 4.0 | 1.7 | 9.4 | 2.3 | -16.8% |
| United Kingdom | 1.5 | 1.1 | 1.9 | 1.3 | -4.7% |
| Sweden | 2.6 | 1.6 | 1.0 | 1.1 | -24.9% |
| China | 0.8 | 0.4 | 2.2 | 0.7 | -4.4% |
| France | 0.6 | 0.6 | 0.7 | 0.6 | 0.0% |
| Netherlands | 2.2 | 0.7 | 0.7 | 0.5 | -39.0% |
| Finland | 0.4 | 0.2 | 0.4 | 0.4 | 0.0% |
| Spain | 0.6 | 0.4 | 0.4 | 0.4 | -12.6% |
| Australia | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
| New Zealand | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Greenland | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Others | 4.8 | 5.2 | 5.5 | 6.2 | 8.9% |
| Total | 32.8 | 24.8 | 34.7 | 26.0 | -7.5% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Denmark in 2022:
- Germany (226.1 tons)
- Norway (176.1 tons)
- United States (130.2 tons)
- United Kingdom (77.3 tons)
- China (37.7 tons)
- Spain (28.3 tons)
- France (25.2 tons)
- Netherlands (23.9 tons)
- Sweden (21.9 tons)
- New Zealand (20.3 tons)
- Australia (17.6 tons)
- Greenland (15.7 tons)
- Finland (15.0 tons)
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