Speed Changer Price in Germany - 2023

Contents:

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

Speed Changer Price in Germany (FOB) - 2023

The average speed changer export price stood at $16,227 per ton in May 2023, dropping by -10% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 17% against the previous month. As a result, the export price reached the peak level of $18,030 per ton, and then declined in the following month.

There were significant differences in the average prices for the major external markets. In May 2023, the country with the highest price was China ($23,989 per ton), while the average price for exports to the Czech Republic ($5,509 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 Sweden (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Price in Germany (CIF) - 2023

The average speed changer import price stood at $9,181 per ton in May 2023, dropping by -3.2% against the previous month. In general, the import price, however, recorded slight growth. The most prominent rate of growth was recorded in December 2022 an increase of 8.1% month-to-month. The import price peaked at $9,487 per ton in April 2023, and then fell in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($13,457 per ton), while the price for Turkey ($4,894 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 Spain (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Exports in Germany

In 2022, exports of speed changers, industrial high-speed drives and gear from Germany fell to 428K tons, waning by -9.8% compared with 2021. Overall, exports saw a mild slump. The most prominent rate of growth was recorded in 2021 when exports increased by 13%. As a result, the exports reached the peak of 475K tons, and then dropped in the following year.

In value terms, speed changer exports declined modestly to $6.9B in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, the exports reached the peak of $7.1B, and then contracted slightly in the following year.

Top Export Markets for Speed Changer from Germany in 2022:

1. United States (42.3K tons)
2. China (41.5K tons)
3. Poland (33.9K tons)
4. Czech Republic (31.9K tons)
5. Italy (30.8K tons)
6. Denmark (24.6K tons)
7. France (22.8K tons)
8. Belgium (20.1K tons)
9. Austria (20.0K tons)
10. India (16.5K tons)
11. Hungary (13.2K tons)
12. Spain (12.7K tons)
13. United Kingdom (11.0K tons)

Speed Changer Imports in Germany

Speed changer imports into Germany rose modestly to 403K tons in 2022, with an increase of 4.1% against the year before. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 17%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, speed changer imports rose rapidly to $3.6B in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Speed Changer to Germany in 2022:

1. China (99.9K tons)
2. Italy (51.6K tons)
3. Czech Republic (34.4K tons)
4. India (27.6K tons)
5. Poland (25.8K tons)
6. Spain (21.8K tons)
7. Belgium (16.9K tons)
8. Turkey (15.8K tons)
9. France (15.5K tons)
10. Austria (12.7K tons)
11. Netherlands (11.7K tons)
12. Slovakia (9.9K tons)
13. United States (9.0K tons)

Source: IndexBox Market Intelligence Platform