Speed Changer Price in Qatar - 2023
Contents:
Speed Changer Price in Qatar (CIF) - 2022
The average speed changer import price stood at $29,966 per ton in 2021, approximately equating the previous year. Over the period under review, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 110% against the previous year. The import price peaked at $36,967 per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($150,472 per ton), while the price for China ($8,664 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+62.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Imports in Qatar
In 2022, overseas purchases of speed changers, industrial high-speed drives and gear decreased by -49.5% to 299 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 43%. As a result, imports attained the peak of 592 tons, and then fell significantly in the following year.
In value terms, speed changer imports fell rapidly to $13M in 2022. The total import value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 43%. As a result, imports attained the peak of $18M, and then declined remarkably in the following year.
| Import of Speed Changer in Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 3.8 | 5.2 | 4.0 | 2.6% | |
| China | 1.1 | 1.1 | 3.4 | 75.8% | |
| France | 1.0 | 0.8 | 2.8 | 67.3% | |
| United States | 3.2 | 1.5 | 2.8 | -6.5% | |
| Japan | 1.0 | 0.7 | 1.2 | 9.5% | |
| Italy | 0.6 | 0.9 | 0.9 | 22.5% | |
| India | 0.3 | 0.2 | 0.3 | 0.0% | |
| Turkey | 0.1 | 0.1 | 0.2 | 41.4% | |
| South Korea | 0.2 | 0.4 | 0.2 | 0.0% | |
| Others | 1.7 | 1.4 | 2.0 | 8.5% | |
| Total | 13.0 | 12.4 | 17.7 | 16.7% | |
Top Suppliers of Speed Changer to Qatar in 2022:
- China (393.5 tons)
- Germany (65.7 tons)
- United States (40.4 tons)
- India (32.0 tons)
- France (18.6 tons)
- Italy (18.1 tons)
- Turkey (12.0 tons)
- Japan (9.9 tons)
- South Korea (7.0 tons)
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