Speed Changer Price in Canada - 2023

Contents:

1. Speed Changer Price in Canada (CIF) - 2023
2. Speed Changer Price in Canada (FOB) - 2023
3. Speed Changer Imports in Canada
4. Speed Changer Exports in Canada

Speed Changer Price in Canada (CIF) - 2023

The average speed changer import price stood at $19,729 per ton in June 2023, approximately mirroring the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 1.2% month-to-month. The import price peaked at $19,991 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Japan ($22,029 per ton) and Italy ($21,100 per ton), while the price for India ($18,232 per ton) and China ($18,687 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Canada (FOB) - 2023

The average speed changer export price stood at $25,329 per ton in June 2023, approximately equating the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 1.2% against the previous month. The export price peaked at $25,660 per ton in July 2022; however, from August 2022 to June 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In June 2023, the highest price was recorded for prices to France ($26,742 per ton) and Poland ($26,605 per ton), while the average price for exports to South Korea ($23,048 per ton) and Australia ($24,751 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Imports in Canada

Speed changer imports into Canada skyrocketed to 91K tons in 2022, jumping by 22% on 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, speed changer imports soared to $1.8B in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Speed Changer to Canada in 2022:

1. United States (45.6K tons)
2. Japan (10.8K tons)
3. China (8.5K tons)
4. Germany (6.7K tons)
5. Poland (4.6K tons)
6. Italy (4.4K tons)
7. India (1.7K tons)

Speed Changer Exports in Canada

In 2022, the amount of speed changers, industrial high-speed drives and gear exported from Canada skyrocketed to 19K tons, with an increase of 21% compared with 2021. Overall, exports, however, recorded a mild reduction.

In value terms, speed changer exports surged to $482M in 2022. The total export value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Speed Changer from Canada in 2022:

1. United States (14.6K tons)
2. Australia (0.7K tons)
3. Poland (0.5K tons)
4. Germany (0.5K tons)
5. France (0.3K tons)

Source: IndexBox Market Intelligence Platform