Speed Changer Price in Luxembourg - 2023

Contents:

1. Speed Changer Price in Luxembourg (CIF) - 2022
2. Speed Changer Price in Luxembourg (FOB) - 2023
3. Speed Changer Imports in Luxembourg
4. Speed Changer Exports in Luxembourg

Speed Changer Price in Luxembourg (CIF) - 2022

In 2022, the average speed changer import price amounted to $29,105 per ton, declining by -2.8% against the previous year. Overall, the import price saw a slight slump. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. The import price peaked at $42,244 per ton in 2014; however, from 2015 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 the United States ($83,154 per ton), while the price for China ($12,367 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Speed Changer Price in Luxembourg (FOB) - 2023

The average speed changer export price stood at $62,870 per ton in May 2023, therefore, remained relatively stable against the previous month. Overall, export price indicated prominent growth from May 2022 to May 2023: its price increased at an average monthly rate of +5.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, speed changer export price increased by +74.3% against February 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 60% against the previous month. The export price peaked in May 2023.

There were significant differences in the average prices for the major external markets. In May 2023, the country with the highest price was Italy ($86,434 per ton), while the average price for exports to the United States ($21,850 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 France (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Imports in Luxembourg

Speed changer imports into Luxembourg was estimated at 432 tons in 2022, picking up by 13% against the previous year's figure. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.9% 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 +61.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, speed changer imports rose remarkably to $13M in 2022. The total import value increased at an average annual rate of +6.4% 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 22%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Speed Changer to Luxembourg in 2022:

1. Germany (119.1 tons)
2. China (107.4 tons)
3. Belgium (77.8 tons)
4. Japan (69.1 tons)
5. France (15.2 tons)
6. Netherlands (6.5 tons)
7. United States (6.5 tons)

Speed Changer Exports in Luxembourg

For the fourth year in a row, Luxembourg recorded growth in shipments abroad of speed changers, industrial high-speed drives and gear, which increased by 22% to 207 tons in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, speed changer exports skyrocketed to $10M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Speed Changer from Luxembourg in 2022:

1. France (52.0 tons)
2. Germany (21.2 tons)
3. Turkey (20.1 tons)
4. Saudi Arabia (17.8 tons)
5. Spain (11.2 tons)
6. China (10.7 tons)
7. Italy (8.9 tons)
8. Belgium (6.7 tons)
9. Netherlands (6.3 tons)
10. United Kingdom (6.3 tons)
11. Poland (4.9 tons)
12. Czech Republic (4.1 tons)

Source: IndexBox Market Intelligence Platform