Speed Changer Price in Spain - 2023
Contents:
- Speed Changer Price in Spain (FOB) - 2023
- Speed Changer Price in Spain (CIF) - 2023
- Speed Changer Exports in Spain
- Speed Changer Imports in Spain
Speed Changer Price in Spain (FOB) - 2023
In May 2023, the average speed changer export price amounted to $13,535 per ton, falling by -11% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in November 2022 when the average export price increased by 18% m-o-m. Over the period under review, the average export prices reached the peak figure at $15,201 per ton in April 2023, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($16,614 per ton), while the average price for exports to Denmark ($2,305 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Price in Spain (CIF) - 2023
In May 2023, the average speed changer import price amounted to $8,761 per ton, rising by 19% against the previous month. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $9,139 per ton in March 2023; however, from April 2023 to May 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($11,097 per ton), while the price for Turkey ($3,237 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by France (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Exports in Spain
In 2022, the amount of speed changers, industrial high-speed drives and gear exported from Spain rose markedly to 71K tons, surging by 14% compared with 2021. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, speed changer exports soared to $861M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +66.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Speed Changer in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 209 | 194 | 262 | 299 | 12.7% |
| Brazil | 60.9 | 50.1 | 105 | 136 | 30.7% |
| Germany | 32.0 | 38.7 | 49.0 | 104 | 48.1% |
| France | 24.6 | 33.9 | 34.4 | 54.0 | 30.0% |
| Sweden | 14.3 | 11.0 | 31.5 | 43.8 | 45.2% |
| China | 25.1 | 10.0 | 13.1 | 21.6 | -4.9% |
| Portugal | 58.4 | 44.9 | 40.2 | 21.5 | -28.3% |
| Mexico | 22.8 | 11.5 | 17.0 | 15.8 | -11.5% |
| India | 7.4 | 5.4 | 4.3 | 14.5 | 25.1% |
| Morocco | 2.1 | 2.0 | 25.0 | 12.2 | 79.8% |
| Greece | 2.0 | 4.4 | 1.8 | 7.7 | 56.7% |
| Others | 124 | 112 | 120 | 131 | 1.8% |
| Total | 583 | 518 | 704 | 861 | 13.9% |
Top Export Markets for Speed Changer from Spain in 2022:
- United States (21.5K tons)
- Brazil (13.3K tons)
- Germany (9.1K tons)
- Sweden (4.5K tons)
- France (4.3K tons)
- Portugal (1.9K tons)
- China (1.8K tons)
- Greece (1.4K tons)
- India (1.3K tons)
- Morocco (1.3K tons)
- Mexico (1.1K tons)
Speed Changer Imports in Spain
In 2022, the amount of speed changers, industrial high-speed drives and gear imported into Spain reached 66K tons, rising by 4.2% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.5% over the period 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 with an increase of 28%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, speed changer imports surged to $579M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Speed Changer in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 133 | 119 | 200 | 187 | 12.0% |
| China | 76.5 | 85.6 | 87.2 | 144 | 23.5% |
| Italy | 77.8 | 60.4 | 73.8 | 90.6 | 5.2% |
| India | 8.9 | 11.6 | 23.6 | 23.6 | 38.4% |
| France | 20.1 | 12.6 | 16.2 | 15.9 | -7.5% |
| Denmark | 22.7 | 2.9 | 3.9 | 13.7 | -15.5% |
| Turkey | 2.8 | 2.5 | 3.3 | 4.8 | 19.7% |
| South Korea | 14.7 | 12.4 | 12.3 | 4.3 | -33.6% |
| Finland | 66.4 | 22.7 | 1.9 | 3.7 | -61.8% |
| Others | 82.2 | 61.0 | 75.5 | 91.2 | 3.5% |
| Total | 505 | 391 | 497 | 579 | 4.7% |
Top Suppliers of Speed Changer to Spain in 2022:
- China (25.4K tons)
- Germany (16.9K tons)
- Italy (8.3K tons)
- India (3.4K tons)
- France (2.2K tons)
- Denmark (2.1K tons)
- Turkey (1.2K tons)
- South Korea (0.8K tons)
- Finland (0.2K tons)
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