Speed Changer Price in Sudan - 2022

Contents:

1. Speed Changer Price in Sudan (CIF) - 2022
2. Speed Changer Price in Sudan (FOB) - 2022
3. Speed Changer Imports in Sudan
4. Speed Changer Exports in Sudan

Speed Changer Price in Sudan (CIF) - 2022

The average speed changer import price stood at $10,707 per ton in 2022, dropping by -12.4% against the previous year. In general, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2021 an increase of 42%. The import price peaked at $18,286 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($57,233 per ton), while the price for China ($6,002 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Sudan (FOB) - 2022

In 2022, the average speed changer export price amounted to $7,085 per ton, shrinking by -47.9% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 an increase of 189% against the previous year. As a result, the export price attained the peak level of $29,591 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($11,371 per ton), while the average price for exports to Egypt ($6,756 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 Egypt (-0.9%), while the prices for the other major destinations experienced a decline.

Speed Changer Imports in Sudan

After three years of growth, overseas purchases of speed changers, industrial high-speed drives and gear decreased by -3% to 910 tons in 2022. The total import volume increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year.

In value terms, speed changer imports contracted markedly to $9.7M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 increased by +60.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, imports reached the peak of $11M, and then contracted notably in the following year.

Top Suppliers of Speed Changer to Sudan in 2022:

1. China (673.9 tons)
2. Turkey (104.3 tons)
3. Taiwan (Chinese) (31.6 tons)
4. Germany (21.7 tons)
5. India (10.8 tons)
6. United Arab Emirates (0.8 tons)

Speed Changer Exports in Sudan

In 2022, approx. 11 tons of speed changers, industrial high-speed drives and gear were exported from Sudan; rising by 49% compared with 2021 figures. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 63% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, speed changer exports dropped notably to $77K in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 81% against the previous year.

Top Export Markets for Speed Changer from Sudan in 2022:

1. Egypt (9.3 tons)
2. China (0.9 tons)
3. Paraguay (0.7 tons)

Source: IndexBox Market Intelligence Platform