Speed Changer Price in Bahrain - 2022

Contents:

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

Speed Changer Price in Bahrain (CIF) - 2022

The average speed changer import price stood at $27,511 per ton in 2021, picking up by 3.3% against the previous year. Over the last eight-year period, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 20% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($64,970 per ton), while the price for South Korea ($9,432 per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Bahrain (FOB) - 2022

In 2021, the average speed changer export price amounted to $17,636 per ton, shrinking by -11% against the previous year. Overall, export price indicated a buoyant increase from 2013 to 2021: its price increased at an average annual rate of +10.7% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, speed changer export price decreased by -13.3% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 105% against the previous year. The export price peaked at $24,582 per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($187,759 per ton), while the average price for exports to Egypt ($5,772 per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+39.0%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Imports in Bahrain

Speed changer imports into Bahrain shrank significantly to 198 tons in 2022, waning by -16.8% against the previous year. Overall, imports showed a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 51% against the previous year. As a result, imports attained the peak of 238 tons, and then declined remarkably in the following year.

In value terms, speed changer imports dropped significantly to $5.4M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. As a result, imports reached the peak of $6.5M, and then reduced dramatically in the following year.

Top Suppliers of Speed Changer to Bahrain in 2022:

1. United Arab Emirates (112.6 tons)
2. Saudi Arabia (11.8 tons)
3. China (10.4 tons)
4. South Korea (9.0 tons)
5. Germany (8.9 tons)
6. Japan (7.3 tons)
7. Netherlands (2.6 tons)
8. United States (2.6 tons)
9. Romania (2.4 tons)
10. India (2.1 tons)
11. Italy (1.0 tons)
12. France (0.6 tons)
13. Switzerland (0.4 tons)

Speed Changer Exports in Bahrain

In 2022, overseas shipments of speed changers, industrial high-speed drives and gear were finally on the rise to reach 26 tons after two years of decline. Over the period under review, exports, however, faced a precipitous setback.

In value terms, speed changer exports skyrocketed to $488K in 2022. Overall, exports, however, saw a dramatic curtailment.

Top Export Markets for Speed Changer from Bahrain in 2022:

1. Oman (6.3 tons)
2. Saudi Arabia (1.7 tons)
3. Egypt (0.5 tons)

Source: IndexBox Market Intelligence Platform