Speed Changer Price in Greece - 2023

Contents:

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

Speed Changer Price in Greece (CIF) - 2022

The average speed changer import price stood at $12,216 per ton in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2017 an increase of 21% against the previous year. Over the period under review, average import prices attained the maximum at $12,815 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($12,973 per ton), while the price for China ($5,224 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Greece (FOB) - 2022

The average speed changer export price stood at $13,905 per ton in 2022, picking up by 5.7% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, speed changer export price decreased by -12.3% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 123%. As a result, the export price attained the peak level of $19,942 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($33,722 per ton), while the average price for exports to the Netherlands ($5,386 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 Jordan (+210.6%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Imports in Greece

For the fourth year in a row, Greece recorded growth in purchases abroad of speed changers, industrial high-speed drives and gear, which increased by 22% to 2.4K tons in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, speed changer imports skyrocketed to $29M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 26%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Speed Changer to Greece in 2022:

1. Italy (720.2 tons)
2. Germany (713.9 tons)
3. China (552.7 tons)
4. Bulgaria (123.3 tons)
5. Turkey (27.7 tons)
6. France (11.6 tons)

Speed Changer Exports in Greece

In 2022, speed changer exports from Greece contracted to 314 tons, waning by -8.1% compared with the previous year's figure. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. As a result, the exports attained the peak of 342 tons, and then contracted in the following year.

In value terms, speed changer exports declined slightly to $4.4M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 37%. As a result, the exports reached the peak of $4.5M, and then contracted in the following year.

Top Export Markets for Speed Changer from Greece in 2022:

1. Germany (90.4 tons)
2. Bulgaria (51.2 tons)
3. Netherlands (35.6 tons)
4. Cyprus (33.0 tons)
5. Romania (13.9 tons)
6. Norway (13.9 tons)
7. Nigeria (11.8 tons)
8. North Macedonia (11.4 tons)
9. Turkey (11.3 tons)
10. France (10.8 tons)
11. Italy (9.9 tons)
12. Spain (5.7 tons)

Source: IndexBox Market Intelligence Platform