Speed Changer Price in India - 2023
Contents:
- Speed Changer Price in India (FOB) - 2022
- Speed Changer Price in India (CIF) - 2022
- Speed Changer Exports in India
- Speed Changer Imports in India
Speed Changer Price in India (FOB) - 2022
The average speed changer export price stood at $15,960 per ton in 2022, falling by -3.3% against the previous year. In general, the export price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2017 an increase of 55%. The export price peaked at $21,388 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($26,996 per ton), while the average price for exports to Canada ($5,456 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 Brazil (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Price in India (CIF) - 2022
The average speed changer import price stood at $18,391 per ton in 2022, waning by -3.4% against the previous year. Overall, the import price saw a slight setback. The growth pace was the most rapid in 2019 when the average import price increased by 10%. The import price peaked at $22,454 per ton in 2013; however, from 2014 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 Belgium ($31,018 per ton), while the price for Thailand ($9,388 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Exports in India
Speed changer exports from India soared to 69K tons in 2022, growing by 19% compared with the previous year. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 99% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, speed changer exports soared to $1.1B in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.6% 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 +80.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 57%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Speed Changer in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 368 | 299 | 403 | 504 | 11.1% |
| Germany | 28.8 | 46.3 | 108 | 107 | 54.9% |
| Brazil | 11.0 | 25.1 | 81.3 | 97.3 | 106.8% |
| Italy | 42.3 | 43.1 | 72.6 | 83.6 | 25.5% |
| China | 32.5 | 49.3 | 70.7 | 56.3 | 20.1% |
| United Kingdom | 36.2 | 24.9 | 43.7 | 32.0 | -4.0% |
| Canada | 12.0 | 8.8 | 10.1 | 22.0 | 22.4% |
| Turkey | 9.1 | 12.1 | 15.4 | 17.8 | 25.1% |
| Spain | 3.2 | 7.0 | 11.5 | 13.2 | 60.4% |
| Others | 116 | 93.5 | 140 | 167 | 12.9% |
| Total | 659 | 609 | 956 | 1,100 | 18.6% |
Top Export Markets for Speed Changer from India in 2022:
- United States (27.4K tons)
- Italy (6.9K tons)
- Germany (6.5K tons)
- Canada (4.0K tons)
- Brazil (3.6K tons)
- China (3.3K tons)
- United Kingdom (2.9K tons)
- Turkey (2.2K tons)
- Spain (1.3K tons)
Speed Changer Imports in India
In 2022, the amount of speed changers, industrial high-speed drives and gear imported into India skyrocketed to 52K tons, growing by 25% compared with 2021 figures. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, speed changer imports surged to $953M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Speed Changer in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 195 | 166 | 311 | 377 | 24.6% |
| Germany | 132 | 102 | 156 | 217 | 18.0% |
| Italy | 40.1 | 34.7 | 58.1 | 66.0 | 18.1% |
| United States | 37.5 | 27.4 | 42.0 | 56.1 | 14.4% |
| Japan | 44.7 | 32.1 | 50.6 | 53.8 | 6.4% |
| South Korea | 19.1 | 10.6 | 12.8 | 16.9 | -4.0% |
| Spain | 6.7 | 4.1 | 5.5 | 16.1 | 33.9% |
| Thailand | 11.2 | 7.3 | 10.3 | 10.5 | -2.1% |
| Belgium | 20.7 | 20.5 | 26.6 | 9.2 | -23.7% |
| Others | 101 | 83.0 | 118 | 130 | 8.8% |
| Total | 608 | 488 | 790 | 953 | 16.2% |
Top Suppliers of Speed Changer to India in 2022:
- China (17.8K tons)
- Germany (16.3K tons)
- Japan (3.7K tons)
- Italy (2.6K tons)
- United States (2.5K tons)
- Thailand (1.1K tons)
- Spain (1.1K tons)
- South Korea (0.8K tons)
- Belgium (0.3K tons)
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