Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in India - 2023

Contents:

1. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in India (CIF) - 2022
2. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in India (FOB) - 2022
3. Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in India
4. Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in India

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in India (CIF) - 2022

In 2022, the average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $11,763 per ton, dropping by -21.9% against the previous year. Overall, the import price recorded a pronounced descent. The pace of growth was the most pronounced in 2017 an increase of 32%. Over the period under review, average import prices hit record highs at $31,582 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($39,135 per ton), while the price for China ($5,230 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the prices for the other major suppliers experienced a decline.

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in India (FOB) - 2022

The average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $59,514 per ton in 2022, falling by -13.6% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 69% against the previous year. The export price peaked at $71,773 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Jordan ($67,030 per ton) and the United Arab Emirates ($59,097 per ton), while the average price for exports to Sri Lanka ($59,026 per ton) and the United States ($59,029 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in India

In 2022, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 into India skyrocketed to 1.9K tons, picking up by 19% against 2021 figures. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 121%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 contracted to $22M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.4% 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 +60.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, imports reached the peak of $24M, and then contracted in the following year.

Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to India in 2022:

1. China (1371.1 tons)
2. Italy (357.4 tons)
3. Switzerland (68.5 tons)

Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in India

In 2022, approx. 21 tons of machine-tools; parts and accessories, for the machines of heading no. 8464 were exported from India; rising by 39% against 2021 figures. Overall, exports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year.

In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 surged to $1.2M in 2022. In general, exports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year.

Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from India in 2022:

1. Saudi Arabia (4.4 tons)
2. Botswana (4.3 tons)
3. Uzbekistan (1.8 tons)
4. Namibia (1.1 tons)
5. Oman (0.9 tons)
6. United States (0.8 tons)
7. Sri Lanka (0.8 tons)
8. Jordan (0.8 tons)
9. Germany (0.7 tons)
10. South Africa (0.6 tons)
11. Nepal (0.5 tons)
12. United Arab Emirates (0.5 tons)
13. Bangladesh (0.4 tons)

Source: IndexBox Market Intelligence Platform