Speed Changer Price in the UK - 2023
Contents:
- Speed Changer Price in the UK (CIF) - 2023
- Speed Changer Price in the UK (FOB) - 2022
- Speed Changer Imports in the UK
- Speed Changer Exports in the UK
Speed Changer Price in the UK (CIF) - 2023
In May 2023, the average speed changer import price amounted to $17,142 per ton, growing by 27% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was France ($49,482 per ton), while the price for China ($8,039 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 Denmark (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in the UK (FOB) - 2022
In 2022, the average speed changer export price amounted to $36,499 per ton, with an increase of 7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2019 an increase of 18%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
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 Italy ($111,484 per ton), while the average price for exports to Finland ($7,760 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 Italy (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in the UK
In 2022, speed changer imports into the UK amounted to 58K tons, increasing by 11% compared with 2021. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +5.0% 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 +56.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, speed changer imports skyrocketed to $821M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 27%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Speed Changer in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 120 | 106 | 117 | 173 | 13.0% |
| Italy | 105 | 65.5 | 101 | 114 | 2.8% |
| China | 44.4 | 42.2 | 72.1 | 112 | 36.1% |
| United States | 96.9 | 68.6 | 77.7 | 98.6 | 0.6% |
| France | 66.6 | 47.0 | 55.7 | 48.3 | -10.2% |
| India | 42.1 | 30.1 | 46.5 | 42.5 | 0.3% |
| Poland | 3.1 | 3.3 | 11.0 | 39.5 | 133.6% |
| Japan | 36.4 | 23.8 | 38.8 | 26.8 | -9.7% |
| Hungary | 5.6 | 5.6 | 6.5 | 25.4 | 65.5% |
| Czech Republic | 9.2 | 2.4 | 9.4 | 6.4 | -11.4% |
| Denmark | 20.8 | 16.8 | 26.5 | 4.0 | -42.3% |
| Others | 152 | 123 | 117 | 131 | -4.8% |
| Total | 702 | 534 | 679 | 821 | 5.4% |
Top Suppliers of Speed Changer to the UK in 2022:
- China (15.3K tons)
- Italy (10.5K tons)
- Germany (9.9K tons)
- India (4.8K tons)
- United States (2.8K tons)
- Japan (2.4K tons)
- Hungary (2.4K tons)
- Poland (1.1K tons)
- France (1.0K tons)
- Czech Republic (0.9K tons)
- Denmark (0.3K tons)
Speed Changer Exports in the UK
In 2022, speed changer exports from the UK dropped to 12K tons, declining by -13.3% against 2021 figures. The total export volume increased at an average annual rate of +2.6% 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 when exports increased by 36% against the previous year. As a result, the exports reached the peak of 14K tons, and then shrank in the following year.
In value terms, speed changer exports contracted to $430M in 2022. The total export value increased at an average annual rate of +5.6% 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 2021 with an increase of 37% against the previous year. As a result, the exports attained the peak of $460M, and then fell in the following year.
| Export of Speed Changer in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 80.8 | 69.4 | 69.0 | 71.7 | -3.9% |
| Italy | 23.5 | 24.6 | 90.4 | 65.2 | 40.5% |
| Germany | 32.1 | 22.9 | 27.0 | 33.6 | 1.5% |
| France | 12.9 | 10.9 | 21.7 | 25.0 | 24.7% |
| China | 12.1 | 15.5 | 15.1 | 19.3 | 16.8% |
| Canada | 7.3 | 7.7 | 13.4 | 13.1 | 21.5% |
| Netherlands | 7.0 | 5.9 | 10.0 | 13.1 | 23.2% |
| Denmark | 4.5 | 3.2 | 24.1 | 10.1 | 30.9% |
| Ireland | 15.0 | 12.1 | 9.4 | 10.1 | -12.4% |
| India | 6.8 | 4.3 | 7.7 | 7.5 | 3.3% |
| Spain | 8.0 | 7.0 | 7.5 | 7.0 | -4.4% |
| Brazil | 3.7 | 3.2 | 4.6 | 3.9 | 1.8% |
| Finland | 0.8 | 1.5 | 1.5 | 3.5 | 63.6% |
| Others | 151 | 147 | 159 | 146 | -1.1% |
| Total | 365 | 335 | 460 | 430 | 5.6% |
Top Export Markets for Speed Changer from the UK in 2022:
- United States (1993.4 tons)
- China (886.8 tons)
- Denmark (814.9 tons)
- France (643.2 tons)
- Italy (585.2 tons)
- Spain (550.9 tons)
- Netherlands (536.0 tons)
- Germany (527.9 tons)
- Canada (523.2 tons)
- India (497.9 tons)
- Ireland (487.5 tons)
- Finland (453.9 tons)
- Brazil (362.6 tons)
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