Speed Changer Price in Norway - 2023
Contents:
- Speed Changer Price in Norway (CIF) - 2023
- Speed Changer Price in Norway (FOB) - 2022
- Speed Changer Imports in Norway
- Speed Changer Exports in Norway
Speed Changer Price in Norway (CIF) - 2023
The average speed changer import price stood at $36,289 per ton in July 2023, increasing by 26% against the previous month. Overall, import price indicated a strong increase from July 2022 to July 2023: its price increased at an average monthly rate of +5.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, speed changer import price increased by +27.0% against May 2023 indices. The pace of growth was the most pronounced in November 2022 when the average import price increased by 74% m-o-m. The import price peaked at $39,951 per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($131K per ton), while the price for China ($12,826 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 the United States (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Norway (FOB) - 2022
The average speed changer export price stood at $36,423 per ton in 2022, picking up by 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2015 when the average export price increased by 15%. Over the period under review, the average export prices hit record highs at $39,820 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($83,092 per ton), while the average price for exports to Germany ($9,878 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Norway
In 2022, supplies from abroad of speed changers, industrial high-speed drives and gear decreased by -39.4% to 4K tons, falling for the second consecutive year after two years of growth. In general, imports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2020 when imports increased by 166%. As a result, imports attained the peak of 10K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, speed changer imports fell to $105M in 2022. Overall, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +2.9% 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 decreased by -29.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 55% against the previous year. As a result, imports reached the peak of $149M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Speed Changer in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 27.3 | 26.3 | 26.9 | 28.9 | 1.9% |
| Italy | 13.4 | 10.5 | 12.9 | 14.4 | 2.4% |
| Denmark | 8.2 | 38.3 | 24.3 | 8.2 | 0.0% |
| France | 5.3 | 6.6 | 4.9 | 7.4 | 11.8% |
| Sweden | 5.6 | 5.8 | 6.3 | 6.2 | 3.5% |
| Finland | 7.6 | 10.8 | 7.0 | 5.9 | -8.1% |
| China | 4.1 | 29.0 | 14.3 | 4.0 | -0.8% |
| Netherlands | 4.7 | 3.5 | 3.7 | 3.9 | -6.0% |
| Others | 20.1 | 18.2 | 19.8 | 26.1 | 9.1% |
| Total | 96.3 | 149 | 120 | 105 | 2.9% |
Top Suppliers of Speed Changer to Norway in 2022:
- Germany (1088.2 tons)
- Italy (678.2 tons)
- Denmark (485.9 tons)
- China (388.9 tons)
- Sweden (214.8 tons)
- Finland (206.1 tons)
- Netherlands (185.8 tons)
- France (133.3 tons)
Speed Changer Exports in Norway
In 2022, the amount of speed changers, industrial high-speed drives and gear exported from Norway expanded to 1.3K tons, with an increase of 5% compared with the previous year. Over the period under review, exports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 6.1% against the previous year. As a result, the exports reached the peak of 1.5K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, speed changer exports rose sharply to $49M in 2022. Overall, exports, however, saw a noticeable contraction.
| Export of Speed Changer in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.5 | 6.7 | 3.7 | 5.3 | 28.5% |
| United States | 8.0 | 4.7 | 2.6 | 4.7 | -16.2% |
| United Kingdom | 3.7 | 1.9 | 2.9 | 3.0 | -6.8% |
| Germany | 1.8 | 1.7 | 3.2 | 2.8 | 15.9% |
| Netherlands | 5.6 | 2.7 | 3.7 | 2.7 | -21.6% |
| Turkey | 3.9 | 3.9 | 4.9 | 2.6 | -12.6% |
| Denmark | 1.2 | 2.3 | 4.3 | 2.6 | 29.4% |
| Singapore | 1.8 | 0.6 | 1.2 | 2.0 | 3.6% |
| Finland | 0.3 | 1.4 | 0.2 | 1.6 | 74.7% |
| China | 6.5 | 4.9 | 2.1 | 1.6 | -37.3% |
| Sweden | 0.7 | 1.6 | 0.9 | 1.4 | 26.0% |
| Russia | 2.2 | 1.0 | 0.4 | 1.2 | -18.3% |
| Spain | 2.3 | 1.6 | 1.9 | 0.9 | -26.9% |
| Others | 13.6 | 16.3 | 13.7 | 16.4 | 6.4% |
| Total | 54.2 | 51.1 | 45.5 | 48.9 | -3.4% |
Top Export Markets for Speed Changer from Norway in 2022:
- Germany (283.3 tons)
- Denmark (138.0 tons)
- Poland (133.6 tons)
- Turkey (106.8 tons)
- United Kingdom (73.9 tons)
- Sweden (63.3 tons)
- United States (56.5 tons)
- China (54.6 tons)
- Netherlands (48.2 tons)
- Russia (44.7 tons)
- Finland (44.6 tons)
- Singapore (30.9 tons)
- Spain (20.4 tons)
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