Speed Changer Price in Venezuela - 2022
Contents:
- Speed Changer Price in Venezuela (CIF) - 2022
- Speed Changer Price in Venezuela (FOB) - 2022
- Speed Changer Imports in Venezuela
- Speed Changer Exports in Venezuela
Speed Changer Price in Venezuela (CIF) - 2022
In 2022, the average speed changer import price amounted to $10,742 per ton, declining by -25.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 an increase of 32%. Over the period under review, average import prices attained the peak figure at $19,141 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($45,723 per ton), while the price for Hong Kong SAR ($642 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Venezuela (FOB) - 2022
The average speed changer export price stood at $21,010 per ton in 2022, picking up by 10% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 183%. As a result, the export price attained the peak level of $28,581 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
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 ($425,930 per ton), while the average price for exports to Turkey ($9,754 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 Indonesia (+156.6%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Venezuela
In 2022, the amount of speed changers, industrial high-speed drives and gear imported into Venezuela rose notably to 519 tons, growing by 7.3% on the year before. The total import volume increased at an average annual rate of +4.9% 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 2021 when imports increased by 25% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, speed changer imports dropped markedly to $5.6M in 2022. In general, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.4% 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 +33.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, imports attained the peak of $7M, and then contracted dramatically in the following year.
| Import of Speed Changer in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,612 | 1,557 | 1,951 | 2,173 | 10.5% |
| France | 1,594 | 1,526 | 1,968 | 1,517 | -1.6% |
| United States | 433 | 412 | 425 | 498 | 4.8% |
| Brazil | 369 | 46.3 | 211 | 134 | -28.7% |
| Democratic People's Republic of Korea | 112 | 101 | 126 | 93.7 | -5.8% |
| Hong Kong SAR | 23.0 | 21.6 | 28.3 | 21.9 | -1.6% |
| Indonesia | 138 | N/A | N/A | N/A | 0% |
| Others | 624 | 532 | 2,251 | 1,141 | 22.3% |
| Total | 4,905 | 4,195 | 6,961 | 5,578 | 4.4% |
Top Suppliers of Speed Changer to Venezuela in 2022:
- China (316.7 tons)
- France (60.4 tons)
- United States (43.2 tons)
- Hong Kong SAR (34.2 tons)
- Brazil (8.1 tons)
- Democratic People's Republic of Korea (5.9 tons)
Speed Changer Exports in Venezuela
Speed changer exports from Venezuela declined to 12 tons in 2022, dropping by -11.1% on 2021. Overall, exports saw a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 27%. As a result, the exports attained the peak of 14 tons, and then declined in the following year.
In value terms, speed changer exports contracted modestly to $262K in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 4.6%.
| Export of Speed Changer in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.6 | 48.9 | 39.9 | 49.0 | 95.1% |
| Panama | 7.5 | 40.7 | 27.9 | 28.7 | 56.4% |
| Colombia | 3.3 | 25.4 | 21.5 | 27.4 | 102.5% |
| Turkey | 2.6 | 18.6 | 14.2 | 16.5 | 85.1% |
| Dominican Republic | 2.6 | 18.5 | 14.3 | 16.5 | 85.1% |
| United States | 2.2 | 14.4 | 141 | 10.9 | 70.5% |
| Germany | 26.5 | 82.8 | 3.6 | 3.5 | -49.1% |
| France | 146 | N/A | N/A | N/A | 0% |
| India | 63.5 | N/A | 1.1 | N/A | -86.8% |
| Indonesia | 138 | N/A | 0.2 | N/A | -96.2% |
| Others | 1.5 | 7.4 | 4.4 | 110 | 318.6% |
| Total | 401 | 257 | 268 | 262 | -13.2% |
Top Export Markets for Speed Changer from Venezuela in 2022:
- Turkey (1.7 tons)
- Colombia (1.3 tons)
- United States (0.3 tons)
- Italy (0.1 tons)
- Panama (0.1 tons)
- Germany (0.1 tons)
- Dominican Republic (0.1 tons)
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