Speed Changer Price in Belarus - 2022

Contents:

1. Speed Changer Price in Belarus (CIF) - 2022
2. Speed Changer Price in Belarus (FOB) - 2022
3. Speed Changer Imports in Belarus
4. Speed Changer Exports in Belarus

Speed Changer Price in Belarus (CIF) - 2022

In March 2022, the average speed changer import price amounted to $5,512 per ton, reducing by -39.1% against the previous month. Over the period under review, the import price recorded a noticeable downturn. The pace of growth appeared the most rapid in July 2021 when the average import price increased by 68% month-to-month. Over the period under review, average import prices reached the peak figure at $14,162 per ton in May 2021; however, from June 2021 to March 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Germany ($20,325 per ton), while the price for Turkey ($3,091 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Belarus (FOB) - 2022

In March 2022, the average speed changer export price amounted to $4,437 per ton, jumping by 18% against the previous month. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in December 2021 an increase of 27% m-o-m. As a result, the export price attained the peak level of $5,867 per ton. From January 2022 to March 2022, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In March 2022, the country with the highest price was Estonia ($5,562 per ton), while the average price for exports to Poland ($1,611 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Speed Changer Imports in Belarus

Speed changer imports into Belarus surged to 6.9K tons in 2022, rising by 23% compared with the previous year's figure. The total import volume increased at an average annual rate of +14.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, speed changer imports declined to $51M in 2022. Overall, imports, however, recorded a slight setback. The pace of growth was the most pronounced in 2021 when imports increased by 10%. As a result, imports reached the peak of $57M, and then dropped in the following year.

Top Suppliers of Speed Changer to Belarus in 2022:

1. China (2787.9 tons)
2. Russia (1940.3 tons)
3. Ukraine (578.1 tons)
4. Germany (382.2 tons)
5. Italy (302.0 tons)
6. Poland (233.1 tons)
7. Czech Republic (145.5 tons)
8. Turkey (143.8 tons)

Speed Changer Exports in Belarus

For the fourth consecutive year, Belarus recorded growth in shipments abroad of speed changers, industrial high-speed drives and gear, which increased by 15% to 5K tons in 2022. The total export volume increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, speed changer exports totaled $22M in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Speed Changer from Belarus in 2022:

1. Russia (3.3K tons)
2. Poland (0.7K tons)
3. Ukraine (0.6K tons)
4. Finland (0.1K tons)

Source: IndexBox Market Intelligence Platform