Price for Machinery; Parts of Machinery of Heading No. 8422 in South Africa - 2024

Contents:

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

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

In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $92,036 per ton, falling by -3.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 28%. Over the period under review, average import prices hit record highs at $109,881 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($200,441 per ton), while the price for Turkey ($9,293 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.7%), 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 South Africa (FOB) - 2022

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $49,798 per ton, rising by 17% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($80,847 per ton), while the average price for exports to Lesotho ($7,293 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 Democratic Republic of the Congo (+10.2%), 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 South Africa

In 2022, imports of machinery; parts of machinery of heading no. 8422 into South Africa declined modestly to 690 tons, remaining constant against the previous year's figure. In general, imports saw a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of 6.2%.

In value terms, imports of machinery; parts of machinery of heading no. 8422 dropped to $64M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of $66M, and then contracted in the following year.

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

1. Germany (190.5 tons)
2. Italy (167.1 tons)
3. China (118.9 tons)
4. United States (21.7 tons)
5. Turkey (21.6 tons)
6. Taiwan (Chinese) (18.4 tons)
7. France (18.4 tons)
8. India (15.2 tons)
9. Netherlands (13.8 tons)
10. South Korea (11.3 tons)
11. United Kingdom (10.6 tons)
12. Spain (10.4 tons)
13. United Arab Emirates (0.4 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in South Africa

Exports of machinery; parts of machinery of heading no. 8422 from South Africa dropped to 294 tons in 2022, waning by -8.3% against 2021. Over the period under review, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +2.2% 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 +54.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. As a result, the exports attained the peak of 321 tons, and then contracted in the following year.

In value terms, exports of machinery; parts of machinery of heading no. 8422 stood at $15M in 2022. Overall, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 85% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

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

1. Zimbabwe (68.4 tons)
2. Zambia (32.6 tons)
3. Namibia (32.5 tons)
4. Mozambique (23.4 tons)
5. Lesotho (19.9 tons)
6. Botswana (18.4 tons)
7. United Arab Emirates (14.9 tons)
8. United States (14.1 tons)
9. Malawi (11.7 tons)
10. Italy (10.4 tons)
11. Australia (6.5 tons)
12. Democratic Republic of the Congo (5.7 tons)
13. Netherlands (4.2 tons)

Source: IndexBox Market Intelligence Platform