Speed Changer Price in Ecuador - 2022
Contents:
- Speed Changer Price in Ecuador (CIF) - 2022
- Speed Changer Price in Ecuador (FOB) - 2022
- Speed Changer Imports in Ecuador
- Speed Changer Exports in Ecuador
Speed Changer Price in Ecuador (CIF) - 2022
The average speed changer import price stood at $12,595 per ton in January 2022, shrinking by -4.8% against the previous month. Over the period under review, import price indicated a mild increase from January 2021 to January 2022: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, speed changer import price decreased by -22.2% against September 2021 indices. The growth pace was the most rapid in April 2021 when the average import price increased by 47% m-o-m. As a result, import price reached the peak level of $20,250 per ton. From May 2021 to January 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($45,842 per ton), while the price for China ($5,990 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Speed Changer Price in Ecuador (FOB) - 2022
The average speed changer export price stood at $16,236 per ton in 2022, with an increase of 12% against the previous year. Overall, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 109% against the previous year. Over the period under review, the average export prices hit record highs at $19,431 per ton in 2014; however, from 2015 to 2022, the 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 United States ($50,036 per ton), while the average price for exports to Spain ($1,996 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.
Speed Changer Imports in Ecuador
In 2022, the amount of speed changers, industrial high-speed drives and gear imported into Ecuador dropped to 1.3K tons, waning by -8.9% compared with the year before. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, imports reached the peak of 1.4K tons, and then declined in the following year.
In value terms, speed changer imports dropped to $20M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of $22M, and then contracted in the following year.
| Import of Speed Changer in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.0 | 4.9 | 5.3 | 4.8 | -1.4% |
| China | 2.7 | 2.7 | 4.4 | 4.6 | 19.4% |
| Germany | 2.3 | 3.0 | 1.6 | 1.8 | -7.8% |
| Brazil | 1.7 | 0.9 | 1.4 | 1.4 | -6.3% |
| Italy | 1.3 | 1.3 | 1.8 | 1.4 | 2.5% |
| Mexico | 1.7 | 0.9 | 1.4 | 1.2 | -11.0% |
| South Korea | 0.9 | 0.6 | 1.0 | 0.9 | 0.0% |
| Others | 4.1 | 4.6 | 4.9 | 4.3 | 1.6% |
| Total | 19.6 | 18.8 | 21.7 | 20.3 | 1.2% |
Top Suppliers of Speed Changer to Ecuador in 2022:
- China (732.6 tons)
- United States (123.2 tons)
- Brazil (75.4 tons)
- Germany (73.5 tons)
- Italy (52.0 tons)
- South Korea (48.1 tons)
- Mexico (43.6 tons)
Speed Changer Exports in Ecuador
Speed changer exports from Ecuador shrank remarkably to 21 tons in 2022, with a decrease of -26.8% on 2021. Over the period under review, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 81% against the previous year.
In value terms, speed changer exports dropped notably to $333K in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 57%.
| Export of Speed Changer in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 205 | 102 | 218 | 186 | -3.2% |
| Peru | 114 | 4.5 | 51.2 | 58.8 | -19.8% |
| Colombia | 22.0 | 29.8 | 18.3 | 24.8 | 4.1% |
| Canada | 23.5 | 11.5 | 28.2 | 15.4 | -13.1% |
| Madagascar | 0.3 | 0.1 | 9.9 | 11.0 | 232.2% |
| Netherlands | 3.9 | 3.1 | 7.8 | 7.7 | 25.5% |
| Spain | 3.6 | 0.2 | 0.9 | 1.0 | -34.8% |
| Germany | 50.6 | 2.6 | 4.3 | 0.7 | -76.0% |
| Others | 52.0 | 105 | 68.2 | 27.5 | -19.1% |
| Total | 475 | 259 | 407 | 333 | -11.2% |
Top Export Markets for Speed Changer from Ecuador in 2022:
- Peru (11.0 tons)
- United States (3.7 tons)
- Canada (2.0 tons)
- Colombia (0.9 tons)
- Madagascar (0.6 tons)
- Spain (0.5 tons)
- Netherlands (0.3 tons)
- Germany (0.2 tons)
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