Speed Changer Price in Italy - 2023

Contents:

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

Speed Changer Price in Italy (FOB) - 2023

In May 2023, the average speed changer export price amounted to $14,254 per ton, almost unchanged from the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in April 2023 an increase of 7.9% month-to-month. As a result, the export price reached the peak level of $14,285 per ton, leveling off in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($19,704 per ton), while the average price for exports to Belgium ($8,706 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 the UK (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Price in Italy (CIF) - 2023

In May 2023, the average speed changer import price amounted to $8,392 per ton, reducing by -9.8% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 14% against the previous month. As a result, import price reached the peak level of $9,637 per ton. From April 2023 to May 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($10,845 per ton), while the price for Slovenia ($3,514 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 Slovakia (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Exports in Italy

In 2022, the amount of speed changers, industrial high-speed drives and gear exported from Italy amounted to 238K tons, increasing by 3.4% against 2021. The total export volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, speed changer exports expanded rapidly to $3.2B in 2022. The total export value increased at an average annual rate of +10.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Speed Changer from Italy in 2022:

1. Germany (46.9K tons)
2. United States (37.1K tons)
3. France (14.3K tons)
4. Brazil (13.0K tons)
5. Belgium (12.2K tons)
6. Spain (8.3K tons)
7. China (7.7K tons)
8. United Kingdom (7.6K tons)
9. Poland (7.0K tons)
10. Czech Republic (6.7K tons)
11. Netherlands (6.6K tons)
12. Austria (5.9K tons)
13. Turkey (5.7K tons)

Speed Changer Imports in Italy

In 2022, approx. 150K tons of speed changers, industrial high-speed drives and gear were imported into Italy; growing by 10% compared with the previous year. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.1% 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 +53.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, speed changer imports surged to $1.3B in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +61.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Speed Changer to Italy in 2022:

1. China (53.2K tons)
2. Germany (31.3K tons)
3. India (18.8K tons)
4. Turkey (10.7K tons)
5. Slovakia (6.2K tons)
6. Slovenia (5.0K tons)
7. Sweden (4.7K tons)
8. Czech Republic (3.5K tons)

Source: IndexBox Market Intelligence Platform