Speed Changer Price in Lithuania - 2022
Contents:
- Speed Changer Price in Lithuania (CIF) - 2022
- Speed Changer Price in Lithuania (FOB) - 2022
- Speed Changer Imports in Lithuania
- Speed Changer Exports in Lithuania
Speed Changer Price in Lithuania (CIF) - 2022
The average speed changer import price stood at $19,591 per ton in 2022, jumping by 23% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $20,963 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Romania ($42,513 per ton), while the price for China ($5,959 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Lithuania (FOB) - 2022
In 2022, the average speed changer export price amounted to $17,424 per ton, with an increase of 3.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 23%. The export price peaked at $17,864 per ton in 2020; however, from 2021 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 Armenia ($36,159 per ton), while the average price for exports to Germany ($7,667 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+42.0%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Lithuania
In 2022, approx. 1.2K tons of speed changers, industrial high-speed drives and gear were imported into Lithuania; falling by -24.9% against 2021 figures. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 6.3%.
In value terms, speed changer imports reduced to $23M in 2022. Over the period under review, imports recorded a abrupt setback. The smallest decline of -5.9% was in 2021.
| Import of Speed Changer in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.2 | 7.0 | 7.7 | 5.9 | -10.4% |
| Italy | 4.7 | 4.1 | 4.7 | 5.3 | 4.1% |
| Romania | 0.1 | 1.1 | 1.2 | 1.6 | 152.0% |
| Poland | 0.8 | 0.6 | 1.1 | 1.5 | 23.3% |
| China | 0.7 | 0.9 | 0.7 | 1.3 | 22.9% |
| United States | 0.2 | 0.6 | 0.5 | 0.8 | 58.7% |
| Sweden | 0.6 | 0.5 | 0.6 | 0.8 | 10.1% |
| Netherlands | 0.4 | 0.5 | 0.4 | 0.6 | 14.5% |
| Estonia | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Spain | 0.9 | 0.8 | 1.0 | 0.4 | -23.7% |
| Ukraine | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
| Latvia | 6.0 | 3.8 | 0.9 | 0.3 | -63.2% |
| Russia | 0.3 | 0.7 | 0.4 | 0.1 | -30.7% |
| Others | 5.8 | 5.6 | 5.5 | 4.0 | -11.6% |
| Total | 29.1 | 26.7 | 25.1 | 23.2 | -7.3% |
Top Suppliers of Speed Changer to Lithuania in 2022:
- Italy (325.0 tons)
- Germany (218.2 tons)
- China (211.3 tons)
- Poland (93.0 tons)
- Romania (37.8 tons)
- Netherlands (33.2 tons)
- Ukraine (28.5 tons)
- Spain (27.1 tons)
- Sweden (26.0 tons)
- Estonia (24.9 tons)
- Latvia (19.7 tons)
- United States (19.2 tons)
- Russia (8.0 tons)
Speed Changer Exports in Lithuania
In 2022, approx. 838 tons of speed changers, industrial high-speed drives and gear were exported from Lithuania; falling by -50% against the previous year. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 1.7K tons, and then fell sharply in the following year.
In value terms, speed changer exports contracted dramatically to $15M in 2022. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 12%. As a result, the exports reached the peak of $28M, and then fell significantly in the following year.
| Export of Speed Changer in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 18.5 | 17.5 | 20.7 | 3.8 | -41.0% |
| Kazakhstan | 1.1 | 0.8 | 0.7 | 2.1 | 24.1% |
| Latvia | 0.7 | 0.9 | 1.0 | 1.3 | 22.9% |
| Uzbekistan | 0.6 | 0.2 | 0.2 | 1.2 | 26.0% |
| Kyrgyzstan | N/A | N/A | N/A | 1.1 | 0% |
| Turkey | N/A | N/A | 0.1 | 0.9 | 800.0% |
| Armenia | N/A | 0.2 | N/A | 0.9 | 112.1% |
| Belarus | 3.6 | 3.3 | 3.0 | 0.5 | -48.2% |
| Ukraine | 0.3 | 0.3 | 0.6 | 0.4 | 10.1% |
| Estonia | 0.4 | 0.5 | 0.5 | 0.4 | 0.0% |
| Germany | 0.3 | 0.1 | 0.2 | 0.4 | 10.1% |
| Poland | 0.3 | 0.1 | 0.1 | 0.3 | 0.0% |
| Others | 0.7 | 1.2 | 1.0 | 1.3 | 22.9% |
| Total | 26.5 | 25.1 | 28.2 | 14.6 | -18.0% |
Top Export Markets for Speed Changer from Lithuania in 2022:
- Russia (177.3 tons)
- Kazakhstan (176.2 tons)
- Kyrgyzstan (113.6 tons)
- Latvia (63.9 tons)
- Turkey (51.2 tons)
- Germany (50.8 tons)
- Uzbekistan (33.7 tons)
- Ukraine (28.8 tons)
- Estonia (28.1 tons)
- Belarus (26.1 tons)
- Armenia (24.3 tons)
- Poland (17.1 tons)
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