Speed Changer Price in Guatemala - 2022
Contents:
- Speed Changer Price in Guatemala (CIF) - 2022
- Speed Changer Price in Guatemala (FOB) - 2022
- Speed Changer Imports in Guatemala
- Speed Changer Exports in Guatemala
Speed Changer Price in Guatemala (CIF) - 2022
In 2022, the average speed changer import price amounted to $13,945 per ton, surging by 2.9% against the previous year. In general, the import price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 3.9% against the previous year. The import price peaked at $18,624 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($53,264 per ton), while the price for China ($7,081 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Guatemala (FOB) - 2022
In 2022, the average speed changer export price amounted to $10,799 per ton, waning by -20.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 42%. The export price peaked at $13,612 per ton in 2021, and then fell markedly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($16,320 per ton), while the average price for exports to Colombia ($2,193 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 Costa Rica (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Speed Changer Imports in Guatemala
In 2022, the amount of speed changers, industrial high-speed drives and gear imported into Guatemala soared to 1K tons, rising by 25% compared with 2021 figures. The total import volume increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 28%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, speed changer imports skyrocketed to $15M in 2022. The total import value increased at an average annual rate of +13.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Speed Changer in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.4 | 4.3 | 4.5 | 4.1 | -2.3% |
| China | 0.5 | 0.9 | 1.0 | 2.9 | 79.7% |
| Brazil | 1.2 | 1.3 | 0.9 | 1.8 | 14.5% |
| Italy | 0.5 | 0.7 | 1.1 | 1.1 | 30.1% |
| Germany | 0.5 | 2.1 | 0.7 | 0.9 | 21.6% |
| Mexico | 1.2 | 1.0 | 1.0 | 0.8 | -12.6% |
| India | 0.1 | 0.2 | 0.4 | 0.7 | 91.3% |
| Japan | N/A | 0.1 | 0.3 | 0.5 | 123.6% |
| Taiwan (Chinese) | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Colombia | 0.3 | 0.3 | 0.1 | 0.2 | -12.6% |
| Others | 1.1 | 0.9 | 1.3 | 1.5 | 10.9% |
| Total | 10.0 | 11.8 | 11.4 | 14.6 | 13.4% |
Top Suppliers of Speed Changer to Guatemala in 2022:
- China (409.9 tons)
- United States (176.1 tons)
- Brazil (150.7 tons)
- India (84.4 tons)
- Mexico (45.4 tons)
- Italy (42.5 tons)
- Taiwan (Chinese) (27.7 tons)
- Japan (24.4 tons)
- Germany (16.9 tons)
- Colombia (13.1 tons)
Speed Changer Exports in Guatemala
In 2022, overseas shipments of speed changers, industrial high-speed drives and gear increased by 138% to 70 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt shrinkage.
In value terms, speed changer exports skyrocketed to $758K in 2022. In general, exports, however, saw a perceptible decrease.
| Export of Speed Changer in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 214 | 125 | 159 | 488 | 31.6% |
| Costa Rica | 49.9 | 29.3 | 58.1 | 79.3 | 16.7% |
| Nicaragua | 75.0 | 137 | 52.4 | 61.9 | -6.2% |
| El Salvador | 70.6 | 49.5 | 93.3 | 46.8 | -12.8% |
| Mexico | 301 | 29.7 | 3.9 | 15.9 | -62.5% |
| Colombia | 14.0 | N/A | N/A | 4.3 | -32.5% |
| Italy | 14.7 | 0.5 | 0.1 | N/A | -91.8% |
| Others | 74.2 | 67.5 | 34.8 | 61.0 | -6.3% |
| Total | 813 | 438 | 401 | 758 | -2.3% |
Top Export Markets for Speed Changer from Guatemala in 2022:
- Honduras (50.3 tons)
- Costa Rica (6.2 tons)
- Nicaragua (4.2 tons)
- El Salvador (2.9 tons)
- Mexico (2.0 tons)
- Colombia (2.0 tons)
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