Speed Changer Price in Algeria - 2022
Contents:
- Speed Changer Price in Algeria (CIF) - 2022
- Speed Changer Price in Algeria (FOB) - 2022
- Speed Changer Imports in Algeria
- Speed Changer Exports in Algeria
Speed Changer Price in Algeria (CIF) - 2022
In 2022, the average speed changer import price amounted to $13,844 per ton, dropping by -4.6% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $20,106 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
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 ($65,382 per ton), while the price for Poland ($3,737 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Algeria (FOB) - 2022
The average speed changer export price stood at $22,622 per ton in 2022, dropping by -9.8% against the previous year. Overall, export price indicated a measured expansion from 2013 to 2022: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, speed changer export price decreased by -22.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 47% against the previous year. As a result, the export price reached the peak level of $29,081 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($104,670 per ton), while the average price for exports to Spain ($1,176 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+25.6%), while the prices for the other major destinations experienced mixed trend patterns.
Speed Changer Imports in Algeria
In 2022, purchases abroad of speed changers, industrial high-speed drives and gear decreased by -7.3% to 3.4K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of 3.6K tons, and then reduced in the following year.
In value terms, speed changer imports reduced to $47M in 2022. The total import value increased at an average annual rate of +5.4% over the period 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 2021 when imports increased by 30% against the previous year. As a result, imports attained the peak of $53M, and then shrank in the following year.
| Import of Speed Changer in Algeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.2 | 8.5 | 10.2 | 9.6 | 5.4% |
| France | 8.2 | 7.6 | 7.7 | 4.5 | -18.1% |
| Italy | 2.9 | 3.9 | 5.8 | 3.9 | 10.4% |
| Germany | 2.7 | 2.2 | 3.8 | 3.4 | 8.0% |
| Turkey | 1.2 | 1.0 | 1.7 | 2.4 | 26.0% |
| Poland | 4.1 | 0.9 | 2.8 | 2.3 | -17.5% |
| South Korea | 0.7 | 1.0 | 1.4 | 1.4 | 26.0% |
| Brazil | 0.4 | 1.1 | 0.9 | 0.8 | 26.0% |
| Others | 11.5 | 14.5 | 18.7 | 18.5 | 17.2% |
| Total | 40.0 | 40.7 | 52.8 | 46.8 | 5.4% |
Top Suppliers of Speed Changer to Algeria in 2022:
- China (1447.8 tons)
- Poland (620.0 tons)
- Turkey (318.3 tons)
- Italy (250.4 tons)
- France (140.7 tons)
- Brazil (53.1 tons)
- Germany (52.4 tons)
- South Korea (48.7 tons)
Speed Changer Exports in Algeria
In 2022, approx. 16 tons of speed changers, industrial high-speed drives and gear were exported from Algeria; falling by -33% compared with 2021 figures. Overall, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 435% against the previous year.
In value terms, speed changer exports shrank remarkably to $354K in 2022. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 378%.
| Export of Speed Changer in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 948 | 91.6 | 383 | 226 | -38.0% |
| Italy | 80.9 | 11.1 | 107 | 65.2 | -6.9% |
| Netherlands | 142 | 15.9 | 77.0 | 52.9 | -28.0% |
| Spain | 16.1 | 1.6 | 6.6 | 3.9 | -37.7% |
| Others | 26.6 | 2.4 | 12.2 | 5.6 | -40.5% |
| Total | 1,213 | 123 | 586 | 354 | -33.7% |
Top Export Markets for Speed Changer from Algeria in 2022:
- Italy (6.6 tons)
- Spain (3.3 tons)
- Netherlands (3.2 tons)
- Czech Republic (2.2 tons)
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