Speed Changer Price in Jordan - 2022

Contents:

1. Speed Changer Price in Jordan (CIF) - 2022
2. Speed Changer Price in Jordan (FOB) - 2022
3. Speed Changer Imports in Jordan
4. Speed Changer Exports in Jordan

Speed Changer Price in Jordan (CIF) - 2022

In 2022, the average speed changer import price amounted to $17,900 per ton, growing by 1.6% against the previous year. Overall, the import price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2016 an increase of 33%. Over the period under review, average import prices reached the peak figure at $21,016 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($21,014 per ton), while the price for Turkey ($10,603 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Jordan (FOB) - 2022

The average speed changer export price stood at $23,057 per ton in 2022, growing by 4.5% against the previous year. Over the period under review, the export price recorded strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 146%. Over the period under review, the average export prices attained the maximum at $23,471 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Free Zones ($23,117 per ton) and Saudi Arabia ($22,899 per ton), while the average price for exports to Germany ($22,858 per ton) and Denmark ($22,865 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Imports in Jordan

In 2022, the amount of speed changers, industrial high-speed drives and gear imported into Jordan shrank sharply to 193 tons, declining by -50% against 2021 figures. Overall, imports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year.

In value terms, speed changer imports declined significantly to $3.5M in 2022. In general, imports showed a significant curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year.

Top Suppliers of Speed Changer to Jordan in 2022:

1. Germany (34.0 tons)
2. Italy (31.1 tons)
3. United States (28.2 tons)
4. France (26.1 tons)
5. China (21.9 tons)
6. Turkey (12.5 tons)
7. Canada (10.4 tons)
8. India (6.9 tons)
9. United Kingdom (1.7 tons)
10. Denmark (0.6 tons)
11. Spain (0.6 tons)

Speed Changer Exports in Jordan

In 2022, speed changer exports from Jordan skyrocketed to 37 tons, picking up by 341% against 2021 figures. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 642% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, speed changer exports surged to $848K in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 768%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Top Export Markets for Speed Changer from Jordan in 2022:

1. Free Zones (28.0 tons)
2. Denmark (7.5 tons)
3. Germany (0.7 tons)

Source: IndexBox Market Intelligence Platform