Speed Changer Price in Russia - 2022
Contents:
- Speed Changer Price in Russia (CIF) - 2022
- Speed Changer Price in Russia (FOB) - 2022
- Speed Changer Imports in Russia
- Speed Changer Exports in Russia
Speed Changer Price in Russia (CIF) - 2022
In January 2022, the average speed changer import price amounted to $11,093 per ton, with a decrease of -15.2% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2021 when the average import price increased by 14% against the previous month. The import price peaked at $13,088 per ton in December 2021, and then fell sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was the United States ($50,179 per ton), while the price for Belarus ($5,181 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Russia (FOB) - 2022
The average speed changer export price stood at $12,308 per ton in 2022, dropping by -3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 29% against the previous year. As a result, the export price reached the peak level of $12,686 per ton, and then dropped modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($35,452 per ton), while the average price for exports to Armenia ($3,006 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 Azerbaijan (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Russia
In 2022, the amount of speed changers, industrial high-speed drives and gear imported into Russia fell slightly to 49K tons, shrinking by -5% compared with 2021. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. As a result, imports reached the peak of 51K tons, and then contracted in the following year.
In value terms, speed changer imports declined to $564M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports attained the peak of $611M, and then fell in the following year.
| Import of Speed Changer in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 102 | 91.7 | 125 | 148 | 13.2% |
| Germany | 139 | 137 | 151 | 106 | -8.6% |
| Italy | 69.3 | 64.0 | 83.0 | 54.9 | -7.5% |
| United States | 32.5 | 38.1 | 45.1 | 38.8 | 6.1% |
| Japan | 29.6 | 21.7 | 30.3 | 30.2 | 0.7% |
| France | 9.8 | 9.0 | 10.6 | 27.2 | 40.5% |
| South Korea | 8.1 | 6.0 | 10.9 | 23.5 | 42.6% |
| Czech Republic | 18.4 | 18.0 | 16.4 | 21.3 | 5.0% |
| Hungary | 1.4 | 0.9 | 1.9 | 17.8 | 133.4% |
| Belarus | 10.5 | 11.3 | 15.2 | 11.2 | 2.2% |
| Spain | 11.3 | 21.1 | 11.2 | 10.4 | -2.7% |
| Turkey | 5.1 | 5.0 | 6.2 | 8.2 | 17.2% |
| Ukraine | 14.5 | 17.5 | 15.5 | 6.4 | -23.9% |
| Others | 83.6 | 76.5 | 88.3 | 60.2 | -10.4% |
| Total | 535 | 517 | 611 | 564 | 1.8% |
Top Suppliers of Speed Changer to Russia in 2022:
- China (25.3K tons)
- Germany (5.5K tons)
- Italy (2.9K tons)
- Belarus (2.1K tons)
- South Korea (1.9K tons)
- Japan (1.8K tons)
- Ukraine (1.1K tons)
- Turkey (0.9K tons)
- Czech Republic (0.9K tons)
- France (0.9K tons)
- United States (0.8K tons)
- Hungary (0.7K tons)
- Spain (0.7K tons)
Speed Changer Exports in Russia
In 2022, the amount of speed changers, industrial high-speed drives and gear exported from Russia dropped to 7.1K tons, declining by -5.2% on the previous year. In general, exports recorded a abrupt downturn.
In value terms, speed changer exports contracted to $87M in 2022. Overall, exports showed a perceptible setback. The most prominent rate of growth was recorded in 2021 when exports increased by 19%.
| Export of Speed Changer in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 7.0 | 7.3 | 9.2 | 30.2 | 62.8% |
| China | 2.4 | 0.8 | 1.1 | 13.7 | 78.7% |
| Azerbaijan | 0.5 | 0.5 | 2.6 | 4.8 | 112.5% |
| Germany | 2.3 | 1.5 | 2.4 | 2.8 | 6.8% |
| Slovakia | 0.1 | 0.1 | 0.6 | 2.0 | 171.4% |
| Armenia | 0.5 | 0.4 | 0.8 | 1.9 | 56.0% |
| Kyrgyzstan | 0.3 | N/A | 0.4 | 1.6 | 74.7% |
| Canada | 5.9 | 1.1 | 4.2 | 1.2 | -41.2% |
| Sweden | N/A | N/A | N/A | 1.0 | 0% |
| Ukraine | 3.3 | 2.5 | 7.2 | 0.9 | -35.2% |
| Kazakhstan | 47.6 | 35.5 | N/A | N/A | -25.4% |
| Mongolia | 1.6 | 1.2 | 3.4 | N/A | 45.8% |
| Belarus | 11.9 | 16.0 | 29.5 | N/A | 57.4% |
| Others | 11.4 | 12.3 | 33.0 | 26.9 | 33.1% |
| Total | 94.9 | 79.4 | 94.6 | 87.0 | -2.9% |
Top Export Markets for Speed Changer from Russia in 2022:
- Uzbekistan (2551.9 tons)
- Armenia (635.1 tons)
- Azerbaijan (628.0 tons)
- China (385.7 tons)
- Germany (317.3 tons)
- Kyrgyzstan (177.3 tons)
- Slovakia (157.0 tons)
- Sweden (148.4 tons)
- Ukraine (119.5 tons)
- Canada (95.5 tons)
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