Speed Changer Price in Sweden - 2023
Contents:
- Speed Changer Price in Sweden (CIF) - 2023
- Speed Changer Price in Sweden (FOB) - 2023
- Speed Changer Imports in Sweden
- Speed Changer Exports in Sweden
Speed Changer Price in Sweden (CIF) - 2023
In May 2023, the average speed changer import price amounted to $11,174 per ton, almost unchanged from the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in July 2022 when the average import price increased by 29% m-o-m. As a result, import price reached the peak level of $12,260 per ton. From August 2022 to May 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was the Netherlands ($24,644 per ton), while the price for the Czech Republic ($3,666 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Sweden (FOB) - 2023
The average speed changer export price stood at $26,666 per ton in May 2023, picking up by 5.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in July 2022 an increase of 15% month-to-month. The export price peaked in May 2023.
There were significant differences in the average prices for the major export markets. In May 2023, the country with the highest price was the Netherlands ($38,933 per ton), while the average price for exports to Brazil ($12,709 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Sweden
In 2022, imports of speed changers, industrial high-speed drives and gear into Sweden expanded rapidly to 44K tons, growing by 13% on 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 16%.
In value terms, speed changer imports skyrocketed to $501M in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Speed Changer in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 115 | 93.0 | 113 | 133 | 5.0% |
| Italy | 69.2 | 53.4 | 66.9 | 81.9 | 5.8% |
| China | 63.7 | 50.3 | 20.9 | 49.4 | -8.1% |
| Japan | 38.5 | 37.4 | 37.3 | 34.1 | -4.0% |
| Denmark | 40.3 | 24.1 | 52.7 | 32.6 | -6.8% |
| Belgium | 11.1 | 9.5 | 11.9 | 25.2 | 31.4% |
| Slovakia | 11.6 | 12.5 | 19.0 | 19.6 | 19.1% |
| France | 4.7 | 5.9 | 14.5 | 16.0 | 50.4% |
| Netherlands | 6.1 | 7.2 | 10.6 | 14.7 | 34.1% |
| Spain | 10.1 | 7.9 | 13.0 | 14.3 | 12.3% |
| Finland | 7.7 | 7.7 | 9.4 | 12.4 | 17.2% |
| India | 8.0 | 6.3 | 9.6 | 10.3 | 8.8% |
| Hungary | 3.5 | 2.9 | 3.2 | 4.2 | 6.3% |
| Others | 49.9 | 43.7 | 46.0 | 53.5 | 2.3% |
| Total | 439 | 362 | 428 | 501 | 4.5% |
Top Suppliers of Speed Changer to Sweden in 2022:
- Germany (11.8K tons)
- Italy (8.8K tons)
- China (5.7K tons)
- Japan (2.3K tons)
- India (2.1K tons)
- Belgium (2.0K tons)
- Denmark (1.8K tons)
- France (1.6K tons)
- Slovakia (1.1K tons)
- Finland (1.0K tons)
- Spain (0.9K tons)
- Netherlands (0.8K tons)
- Hungary (0.7K tons)
Speed Changer Exports in Sweden
Speed changer exports from Sweden rose modestly to 11K tons in 2022, increasing by 1.9% on the previous year's figure. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 8.9% against the previous year.
In value terms, speed changer exports rose rapidly to $277M in 2022. The total export value increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Speed Changer in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 28.1 | 15.3 | 21.8 | 28.7 | 0.7% |
| United States | 26.9 | 15.9 | 20.8 | 25.9 | -1.3% |
| Brazil | 17.2 | 17.2 | 23.3 | 24.8 | 13.0% |
| Germany | 11.2 | 13.2 | 21.4 | 23.1 | 27.3% |
| Belgium | 44.2 | 24.0 | 28.1 | 23.0 | -19.6% |
| Italy | 13.5 | 12.1 | 17.0 | 18.8 | 11.7% |
| Netherlands | 9.6 | 7.9 | 13.9 | 14.8 | 15.5% |
| China | 8.3 | 11.0 | 10.8 | 13.1 | 16.4% |
| Finland | 8.9 | 8.8 | 11.6 | 11.2 | 8.0% |
| Norway | 7.1 | 13.3 | 8.1 | 10.6 | 14.3% |
| Denmark | 9.5 | 10.7 | 9.2 | 6.9 | -10.1% |
| Poland | 7.0 | 3.9 | 3.6 | 4.9 | -11.2% |
| Japan | 3.4 | 3.2 | 2.8 | 2.9 | -5.2% |
| Others | 45.1 | 45.2 | 65.5 | 68.3 | 14.8% |
| Total | 240 | 202 | 258 | 277 | 4.9% |
Top Export Markets for Speed Changer from Sweden in 2022:
- Brazil (1887.2 tons)
- France (1461.8 tons)
- United States (1096.1 tons)
- Denmark (943.4 tons)
- Belgium (849.6 tons)
- Germany (725.6 tons)
- Italy (545.8 tons)
- China (533.5 tons)
- Norway (423.3 tons)
- Netherlands (367.4 tons)
- Finland (273.9 tons)
- Japan (256.3 tons)
- Poland (155.7 tons)
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