Speed Changer Price in Serbia - 2022
Contents:
- Speed Changer Price in Serbia (CIF) - 2022
- Speed Changer Price in Serbia (FOB) - 2022
- Speed Changer Imports in Serbia
- Speed Changer Exports in Serbia
Speed Changer Price in Serbia (CIF) - 2022
In 2022, the average speed changer import price amounted to $13,976 per ton, dropping by -7.5% against the previous year. Overall, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30% against the previous year. The import price peaked at $16,975 per ton in 2014; however, from 2015 to 2022, 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 Romania ($22,412 per ton), while the price for Sweden ($3,724 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Serbia (FOB) - 2022
In 2022, the average speed changer export price amounted to $18,243 per ton, declining by -2.7% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2021 an increase of 32% against the previous year. As a result, the export price reached the peak level of $18,758 per ton, and then fell in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($50,000 per ton), while the average price for exports to the United States ($9,435 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 Australia (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Serbia
For the fourth consecutive year, Serbia recorded growth in purchases abroad of speed changers, industrial high-speed drives and gear, which increased by 41% to 3.7K tons in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, speed changer imports soared to $52M in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 43%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Speed Changer in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 7.9 | 8.6 | 10.8 | 32.9% |
| Germany | 4.4 | 7.5 | 10.1 | 10.3 | 32.8% |
| Romania | 0.1 | 0.3 | 3.1 | 6.2 | 295.8% |
| Italy | 3.0 | 3.1 | 5.1 | 5.3 | 20.9% |
| Spain | 0.2 | 0.9 | 2.9 | 4.5 | 182.3% |
| Portugal | N/A | N/A | 0.4 | 2.6 | 550.0% |
| Switzerland | 1.6 | 1.8 | 1.7 | 1.6 | 0.0% |
| Slovenia | 0.4 | 0.4 | 0.6 | 1.2 | 44.2% |
| Turkey | 0.9 | 0.8 | 0.8 | 0.8 | -3.9% |
| Sweden | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Others | 5.1 | 4.9 | 5.8 | 7.8 | 15.2% |
| Total | 20.5 | 27.7 | 39.4 | 51.5 | 35.9% |
Top Suppliers of Speed Changer to Serbia in 2022:
- China (1217.5 tons)
- Germany (603.2 tons)
- Spain (389.7 tons)
- Italy (342.4 tons)
- Romania (278.4 tons)
- Portugal (156.8 tons)
- Slovenia (153.2 tons)
- Switzerland (79.3 tons)
- Turkey (64.9 tons)
- Sweden (49.8 tons)
Speed Changer Exports in Serbia
After two years of decline, shipments abroad of speed changers, industrial high-speed drives and gear increased by 49% to 592 tons in 2022. The total export volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, speed changer exports skyrocketed to $11M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +61.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Speed Changer in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,718 | 2,189 | 3,212 | 3,673 | 10.6% |
| Hungary | 28.9 | 154 | 643 | 1,553 | 277.4% |
| Russia | 436 | 498 | 183 | 1,382 | 46.9% |
| Bosnia and Herzegovina | 606 | 657 | 777 | 637 | 1.7% |
| Hong Kong SAR | 29.4 | N/A | 299 | 439 | 146.2% |
| United States | 247 | 26.1 | 238 | 375 | 14.9% |
| Turkey | 10.5 | 14.4 | 34.6 | 328 | 214.9% |
| China | 19.5 | 195 | 195 | 226 | 126.3% |
| Italy | 280 | 263 | 255 | 182 | -13.4% |
| Kyrgyzstan | N/A | N/A | N/A | 167 | 0% |
| Czech Republic | 185 | 418 | 4.8 | 78.7 | -24.8% |
| Canada | 951 | 638 | 79.3 | 54.2 | -61.5% |
| Australia | 408 | 212 | 0.1 | 0.1 | -93.7% |
| Others | 1,208 | 1,406 | 1,530 | 1,695 | 12.0% |
| Total | 7,128 | 6,672 | 7,450 | 10,791 | 14.8% |
Top Export Markets for Speed Changer from Serbia in 2022:
- Germany (179.5 tons)
- Hungary (91.9 tons)
- Russia (86.9 tons)
- United States (39.7 tons)
- Turkey (27.3 tons)
- Bosnia and Herzegovina (21.6 tons)
- China (20.5 tons)
- Italy (14.9 tons)
- Hong Kong SAR (13.6 tons)
- Kyrgyzstan (12.4 tons)
- Czech Republic (6.3 tons)
- Canada (2.8 tons)
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