Speed Changer Price in Japan - 2023
Contents:
- Speed Changer Price in Japan (FOB) - 2023
- Speed Changer Price in Japan (CIF) - 2023
- Speed Changer Exports in Japan
- Speed Changer Imports in Japan
Speed Changer Price in Japan (FOB) - 2023
The average speed changer export price stood at $15,947 per ton in July 2023, falling by -1.9% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average export price increased by 9.3% against the previous month. Over the period under review, the average export prices hit record highs at $17,647 per ton in March 2023; however, from April 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($20,692 per ton), while the average price for exports to the Philippines ($6,761 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Price in Japan (CIF) - 2023
The average speed changer import price stood at $9,136 per ton in July 2023, with a decrease of -6% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 14% m-o-m. As a result, import price reached the peak level of $10,401 per ton. From January 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($18,727 per ton), while the price for China ($6,183 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Exports in Japan
In 2022, approx. 160K tons of speed changers, industrial high-speed drives and gear were exported from Japan; which is down by -2.6% compared with the previous year. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 29%. As a result, the exports attained the peak of 164K tons, and then declined modestly in the following year.
In value terms, speed changer exports shrank to $2.4B in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of $2.7B, and then shrank in the following year.
| Export of Speed Changer in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 574 | 585 | 783 | 617 | 2.4% |
| United States | 593 | 447 | 599 | 616 | 1.3% |
| Thailand | 180 | 155 | 229 | 181 | 0.2% |
| Germany | 187 | 159 | 184 | 172 | -2.7% |
| Indonesia | 95.2 | 46.9 | 91.7 | 115 | 6.5% |
| South Korea | 106 | 95.3 | 94.3 | 99.8 | -2.0% |
| Mexico | 85.6 | 73.7 | 86.9 | 72.0 | -5.6% |
| India | 39.3 | 34.3 | 46.9 | 45.2 | 4.8% |
| Philippines | 33.4 | 22.8 | 31.1 | 30.9 | -2.6% |
| Brazil | 28.8 | 19.9 | 26.3 | 28.8 | 0.0% |
| United Kingdom | 32.0 | 21.8 | 32.0 | 22.1 | -11.6% |
| Czech Republic | 22.4 | 16.1 | 18.9 | 20.4 | -3.1% |
| Others | 443 | 392 | 473 | 422 | -1.6% |
| Total | 2,421 | 2,067 | 2,694 | 2,442 | 0.3% |
Top Export Markets for Speed Changer from Japan in 2022:
- China (37.5K tons)
- United States (36.0K tons)
- Germany (18.2K tons)
- Thailand (11.6K tons)
- Indonesia (10.2K tons)
- India (4.6K tons)
- South Korea (4.6K tons)
- Mexico (4.4K tons)
- Philippines (3.7K tons)
- Brazil (3.2K tons)
- Czech Republic (3.2K tons)
- United Kingdom (3.2K tons)
Speed Changer Imports in Japan
In 2022, the amount of speed changers, industrial high-speed drives and gear imported into Japan shrank slightly to 97K tons, with a decrease of -3.1% against 2021 figures. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 35%. As a result, imports attained the peak of 100K tons, and then shrank modestly in the following year.
In value terms, speed changer imports shrank slightly to $917M in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of $919M, leveling off in the following year.
| Import of Speed Changer in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 279 | 229 | 347 | 365 | 9.4% |
| South Korea | 120 | 101 | 112 | 109 | -3.2% |
| Taiwan (Chinese) | 72.5 | 55.5 | 80.9 | 80.4 | 3.5% |
| Germany | 69.2 | 60.0 | 82.1 | 65.8 | -1.7% |
| Vietnam | 37.4 | 33.8 | 36.7 | 42.2 | 4.1% |
| Thailand | 46.8 | 30.0 | 40.2 | 39.4 | -5.6% |
| Indonesia | 22.8 | 15.1 | 18.9 | 15.6 | -11.9% |
| India | 19.6 | 9.0 | 14.1 | 14.6 | -9.4% |
| Others | 186 | 165 | 188 | 185 | -0.2% |
| Total | 853 | 699 | 919 | 917 | 2.4% |
Top Suppliers of Speed Changer to Japan in 2022:
- China (52.6K tons)
- South Korea (17.0K tons)
- Taiwan (Chinese) (5.6K tons)
- Thailand (5.2K tons)
- Vietnam (4.2K tons)
- Germany (3.5K tons)
- India (2.2K tons)
- Indonesia (1.8K tons)
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