Speed Changer Price in Estonia - 2022
Contents:
- Speed Changer Price in Estonia (CIF) - 2022
- Speed Changer Price in Estonia (FOB) - 2022
- Speed Changer Imports in Estonia
- Speed Changer Exports in Estonia
Speed Changer Price in Estonia (CIF) - 2022
In 2022, the average speed changer import price amounted to $18,701 per ton, picking up by 6.5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 40%. The import price peaked at $25,494 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($36,603 per ton), while the price for Ukraine ($7,005 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Estonia (FOB) - 2022
The average speed changer export price stood at $18,523 per ton in 2022, picking up by 5.2% against the previous year. Over the period under review, export price indicated strong growth from 2013 to 2022: its price increased at an average annual rate of +5.5% 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 increased by +60.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 53%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($39,448 per ton), while the average price for exports to Russia ($12,885 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 Sweden (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Estonia
In 2022, approx. 667 tons of speed changers, industrial high-speed drives and gear were imported into Estonia; waning by -14.2% against the previous year's figure. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 13%.
In value terms, speed changer imports shrank to $12M in 2022. Overall, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year.
| Import of Speed Changer in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1.4 | 3.3 | 3.4 | 3.7 | 38.3% |
| Germany | 2.3 | 2.1 | 3.6 | 3.1 | 10.5% |
| Italy | 1.0 | 0.9 | 1.3 | 1.1 | 3.2% |
| Sweden | 0.8 | 0.9 | 0.8 | 0.9 | 4.0% |
| China | 0.7 | 0.4 | 0.3 | 0.6 | -5.0% |
| Poland | 0.1 | 0.2 | 0.1 | 0.4 | 58.7% |
| Lithuania | N/A | 0.2 | 0.4 | 0.4 | 41.4% |
| United States | 0.8 | 0.3 | 0.7 | 0.2 | -37.0% |
| Ukraine | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Russia | 2.1 | 1.1 | 0.8 | 0.1 | -63.8% |
| Others | 4.5 | 1.7 | 2.4 | 1.9 | -25.0% |
| Total | 13.8 | 11.2 | 13.7 | 12.5 | -3.2% |
Top Suppliers of Speed Changer to Estonia in 2022:
- Finland (206.2 tons)
- Germany (158.0 tons)
- China (85.8 tons)
- Italy (75.7 tons)
- Sweden (26.0 tons)
- Lithuania (15.3 tons)
- Ukraine (13.7 tons)
- United States (12.2 tons)
- Poland (11.6 tons)
- Russia (3.0 tons)
Speed Changer Exports in Estonia
In 2022, shipments abroad of speed changers, industrial high-speed drives and gear decreased by -16.7% to 234 tons, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, the exports reached the peak of 400 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, speed changer exports contracted to $4.3M in 2022. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 7.1% against the previous year.
| Export of Speed Changer in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2,294 | 1,948 | 2,165 | 1,605 | -11.2% |
| Sweden | 710 | 703 | 922 | 822 | 5.0% |
| Turkey | 15.9 | 0.3 | 0.3 | 370 | 185.5% |
| Latvia | 377 | 289 | 293 | 325 | -4.8% |
| Kazakhstan | N/A | N/A | N/A | 189 | 0% |
| Germany | 24.1 | 6.0 | 131 | 177 | 94.4% |
| Ukraine | 1,602 | 1,157 | 683 | 112 | -58.8% |
| Iraq | N/A | 5.4 | N/A | N/A | 0% |
| Others | 468 | 506 | 748 | 732 | 16.1% |
| Total | 5,491 | 4,615 | 4,942 | 4,333 | -7.6% |
Top Export Markets for Speed Changer from Estonia in 2022:
- Russia (124.5 tons)
- Sweden (40.5 tons)
- Turkey (18.0 tons)
- Germany (9.5 tons)
- Latvia (8.2 tons)
- Kazakhstan (7.7 tons)
- Ukraine (7.5 tons)
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