Speed Changer Price in Nepal - 2022
Contents:
- Speed Changer Price in Nepal (CIF) - 2022
- Speed Changer Price in Nepal (FOB) - 2022
- Speed Changer Imports in Nepal
- Speed Changer Exports in Nepal
Speed Changer Price in Nepal (CIF) - 2022
In 2022, the average speed changer import price amounted to $23,426 per ton, growing by 15% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($29,624 per ton), while the price for the United Arab Emirates ($3,141 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Nepal (FOB) - 2022
The average speed changer export price stood at $17,672 per ton in 2022, dropping by -36.1% against the previous year. Over the period under review, the export price showed a perceptible curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices attained the maximum at $27,676 per ton in 2021, and then contracted dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($41,397 per ton), while the average price for exports to China ($95 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 Singapore (+713.7%), while the prices for the other major destinations experienced mixed trend patterns.
Speed Changer Imports in Nepal
Speed changer imports into Nepal reduced markedly to 188 tons in 2022, falling by -22.3% against 2021 figures. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 23%.
In value terms, speed changer imports reduced to $4.4M in 2022. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year.
| Import of Speed Changer in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3,194 | 2,302 | 3,209 | 3,073 | -1.3% |
| China | 559 | 399 | 656 | 529 | -1.8% |
| Poland | 991 | 765 | 617 | 381 | -27.3% |
| South Korea | 170 | 95.0 | 35.8 | 93.5 | -18.1% |
| Germany | 86.0 | 81.1 | 98.8 | 30.8 | -29.0% |
| United Arab Emirates | 8.4 | 1.7 | 28.6 | 29.2 | 51.5% |
| Others | 208 | 258 | 265 | 270 | 9.1% |
| Total | 5,216 | 3,902 | 4,910 | 4,406 | -5.5% |
Top Suppliers of Speed Changer to Nepal in 2022:
- India (103.7 tons)
- Poland (30.4 tons)
- China (29.5 tons)
- United Arab Emirates (9.3 tons)
- South Korea (3.3 tons)
- Germany (1.4 tons)
Speed Changer Exports in Nepal
In 2022, shipments abroad of speed changers, industrial high-speed drives and gear increased by 88% to 1.3 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, speed changer exports skyrocketed to $24K in 2022. Overall, exports, however, saw a abrupt descent.
| Export of Speed Changer in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 24.8 | 21.5 | 15.9 | 18.3 | -9.6% |
| Chile | N/A | N/A | N/A | 2.7 | 0% |
| India | 1.7 | 2.7 | 1.5 | 0.8 | -22.2% |
| New Zealand | 1.1 | 0.9 | 0.6 | 0.6 | -18.3% |
| Sweden | 0.8 | N/A | N/A | 0.4 | -20.6% |
| Poland | 0.4 | 1.2 | 1.1 | 0.3 | -9.1% |
| Czech Republic | 0.5 | 0.8 | 0.5 | 0.2 | -26.3% |
| China | N/A | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.5 | 0.2 | 0.1 | -37.0% |
| Total | 29.7 | 27.5 | 19.7 | 23.6 | -7.4% |
Top Export Markets for Speed Changer from Nepal in 2022:
- Chile (615.0 kg)
- Russia (443.0 kg)
- India (65.0 kg)
- Sweden (59.0 kg)
- Czech Republic (51.0 kg)
- New Zealand (44.0 kg)
- China (42.0 kg)
- Poland (8.0 kg)
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