Speed Changer Price in Austria - 2023
Contents:
- Speed Changer Price in Austria (CIF) - 2023
- Speed Changer Price in Austria (FOB) - 2023
- Speed Changer Imports in Austria
- Speed Changer Exports in Austria
Speed Changer Price in Austria (CIF) - 2023
In May 2023, the average speed changer import price amounted to $15,776 per ton, jumping by 23% against the previous month. Overall, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $16,726 per ton in March 2023; however, from April 2023 to May 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was the United States ($20,615 per ton), while the price for China ($7,030 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 Poland (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Austria (FOB) - 2023
The average speed changer export price stood at $19,641 per ton in May 2023, increasing by 4.7% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 15% against the previous month. The export price peaked at $21,717 per ton in December 2022; however, from January 2023 to May 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($37,228 per ton), while the average price for exports to Slovakia ($9,266 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 Switzerland (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Austria
In 2022, the amount of speed changers, industrial high-speed drives and gear imported into Austria skyrocketed to 49K tons, rising by 26% against 2021 figures. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.8% 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 +56.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, speed changer imports skyrocketed to $730M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Speed Changer in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 347 | 292 | 346 | 417 | 6.3% |
| Italy | 46.2 | 40.4 | 51.7 | 58.4 | 8.1% |
| Poland | 7.6 | 9.2 | 15.1 | 50.8 | 88.4% |
| China | 20.0 | 18.6 | 27.3 | 35.6 | 21.2% |
| United States | 11.0 | 10.0 | 14.8 | 21.5 | 25.0% |
| Switzerland | 23.4 | 18.1 | 20.1 | 20.7 | -4.0% |
| France | 14.6 | 16.9 | 20.6 | 18.1 | 7.4% |
| Slovakia | 17.2 | 11.0 | 9.2 | 14.7 | -5.1% |
| Denmark | 11.0 | 1.8 | 10.4 | 14.6 | 9.9% |
| Hungary | 11.3 | 9.4 | 9.8 | 12.7 | 4.0% |
| Czech Republic | 5.1 | 6.3 | 12.1 | 8.9 | 20.4% |
| Turkey | 3.3 | 2.8 | 4.1 | 4.1 | 7.5% |
| Others | 33.4 | 33.1 | 51.8 | 52.4 | 16.2% |
| Total | 551 | 469 | 592 | 730 | 9.8% |
Top Suppliers of Speed Changer to Austria in 2022:
- Germany (22.1K tons)
- Poland (6.2K tons)
- Italy (4.5K tons)
- China (4.2K tons)
- Denmark (2.2K tons)
- France (1.3K tons)
- Slovakia (1.3K tons)
- Czech Republic (1.0K tons)
- United States (1.0K tons)
- Hungary (0.9K tons)
- Turkey (0.6K tons)
- Switzerland (0.5K tons)
Speed Changer Exports in Austria
In 2022, the amount of speed changers, industrial high-speed drives and gear exported from Austria expanded notably to 23K tons, with an increase of 15% on 2021 figures. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, speed changer exports soared to $446M in 2022. The total export value increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Speed Changer in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 101 | 111 | 124 | 134 | 9.9% |
| United States | 28.2 | 24.0 | 30.2 | 36.3 | 8.8% |
| Poland | 3.8 | 4.2 | 11.7 | 24.2 | 85.4% |
| China | 19.6 | 17.9 | 17.2 | 23.5 | 6.2% |
| Switzerland | 23.9 | 21.1 | 23.7 | 23.1 | -1.1% |
| Hungary | 19.6 | 18.8 | 18.1 | 22.6 | 4.9% |
| United Kingdom | 19.4 | 17.1 | 26.0 | 21.5 | 3.5% |
| India | 12.6 | 17.1 | 16.2 | 21.2 | 18.9% |
| France | 15.8 | 13.1 | 15.1 | 17.9 | 4.2% |
| Italy | 11.8 | 9.4 | 14.8 | 16.4 | 11.6% |
| Slovakia | 9.3 | 6.9 | 6.7 | 9.0 | -1.1% |
| Czech Republic | 9.7 | 6.9 | 7.4 | 8.0 | -6.2% |
| Romania | 3.0 | 3.5 | 3.6 | 5.3 | 20.9% |
| Others | 83.5 | 74.8 | 70.4 | 82.6 | -0.4% |
| Total | 361 | 346 | 385 | 446 | 7.3% |
Top Export Markets for Speed Changer from Austria in 2022:
- Germany (9.5K tons)
- Hungary (2.3K tons)
- United States (1.1K tons)
- France (1.1K tons)
- Poland (0.9K tons)
- United Kingdom (0.8K tons)
- Switzerland (0.8K tons)
- Slovakia (0.8K tons)
- Italy (0.7K tons)
- India (0.6K tons)
- China (0.6K tons)
- Romania (0.4K tons)
- Czech Republic (0.3K tons)
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