Speed Changer Price in Indonesia - 2022
Contents:
- Speed Changer Price in Indonesia (CIF) - 2022
- Speed Changer Price in Indonesia (FOB) - 2022
- Speed Changer Imports in Indonesia
- Speed Changer Exports in Indonesia
Speed Changer Price in Indonesia (CIF) - 2022
In March 2022, the average speed changer import price amounted to $9,150 per ton, falling by -2.1% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2021 when the average import price increased by 27% m-o-m. The import price peaked at $9,350 per ton in February 2022, and then fell in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($47,580 per ton), while the price for Belgium ($2,748 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Indonesia (FOB) - 2022
In 2022, the average speed changer export price amounted to $8,812 per ton, falling by -12.1% against the previous year. Overall, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31% against the previous year. As a result, the export price reached the peak level of $15,440 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
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 Mexico ($16,990 per ton), while the average price for exports to Lebanon ($876 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 Mexico (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Indonesia
In 2022, imports of speed changers, industrial high-speed drives and gear into Indonesia skyrocketed to 48K tons, increasing by 35% against the previous year. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.8% 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 +78.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, speed changer imports surged to $427M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% 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 +91.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Speed Changer in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 73.2 | 66.3 | 82.6 | 123 | 18.9% |
| Japan | 73.6 | 38.1 | 61.7 | 92.5 | 7.9% |
| Germany | 25.3 | 24.8 | 25.7 | 38.2 | 14.7% |
| Singapore | 20.1 | 13.8 | 17.5 | 25.6 | 8.4% |
| Thailand | 12.3 | 8.7 | 12.9 | 19.1 | 15.8% |
| Italy | 12.2 | 9.1 | 9.1 | 15.2 | 7.6% |
| Taiwan (Chinese) | 7.4 | 5.6 | 5.5 | 9.0 | 6.7% |
| South Korea | 6.4 | 4.3 | 5.2 | 8.3 | 9.1% |
| Others | 67.0 | 52.8 | 59.3 | 95.9 | 12.7% |
| Total | 297 | 223 | 280 | 427 | 12.9% |
Top Suppliers of Speed Changer to Indonesia in 2022:
- China (27.0K tons)
- Japan (5.5K tons)
- Germany (2.6K tons)
- Thailand (2.4K tons)
- Singapore (2.2K tons)
- Taiwan (Chinese) (1.1K tons)
- South Korea (1.0K tons)
- Italy (0.9K tons)
Speed Changer Exports in Indonesia
In 2022, the amount of speed changers, industrial high-speed drives and gear exported from Indonesia soared to 8.7K tons, jumping by 16% against 2021 figures. Overall, total exports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% 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 +68.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, speed changer exports amounted to $77M in 2022. Over the period under review, exports, however, continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year.
| Export of Speed Changer in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 17.7 | 14.5 | 15.9 | 16.6 | -2.1% |
| Thailand | 8.0 | 6.5 | 10.5 | 10.7 | 10.2% |
| Philippines | 12.1 | 5.0 | 6.9 | 7.7 | -14.0% |
| United States | 6.6 | 5.0 | 6.1 | 5.9 | -3.7% |
| Mexico | 3.1 | 3.3 | 5.5 | 4.9 | 16.5% |
| Singapore | 4.0 | 3.1 | 3.8 | 3.7 | -2.6% |
| Brazil | 4.4 | 2.7 | 3.8 | 3.6 | -6.5% |
| Vietnam | 4.5 | 3.2 | 3.2 | 3.6 | -7.2% |
| Australia | 3.9 | 3.5 | 3.6 | 3.3 | -5.4% |
| Belgium | 5.5 | 1.7 | 1.8 | 2.7 | -21.1% |
| Malaysia | 1.5 | 1.1 | 1.6 | 1.5 | 0.0% |
| South Korea | 0.3 | 0.1 | 0.4 | 0.4 | 10.1% |
| Lebanon | 0.1 | N/A | 0.2 | 0.2 | 26.0% |
| Others | 10.2 | 10.4 | 12.6 | 12.3 | 6.4% |
| Total | 81.9 | 59.9 | 75.8 | 77.1 | -2.0% |
Top Export Markets for Speed Changer from Indonesia in 2022:
- Japan (1674.5 tons)
- Philippines (1575.1 tons)
- Thailand (1330.5 tons)
- United States (580.1 tons)
- Singapore (464.8 tons)
- Brazil (445.5 tons)
- Vietnam (414.6 tons)
- Mexico (288.8 tons)
- Australia (233.9 tons)
- South Korea (224.1 tons)
- Lebanon (203.9 tons)
- Belgium (184.9 tons)
- Malaysia (179.9 tons)
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