Speed Changer Price in Angola - 2022
Contents:
- Speed Changer Price in Angola (CIF) - 2022
- Speed Changer Price in Angola (FOB) - 2022
- Speed Changer Imports in Angola
- Speed Changer Exports in Angola
Speed Changer Price in Angola (CIF) - 2022
The average speed changer import price stood at $9,787 per ton in 2022, waning by -11.7% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2021 an increase of 15% against the previous year. Over the period under review, average import prices reached the maximum at $23,781 per ton in 2014; however, from 2015 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 ($43,430 per ton), while the price for China ($2,092 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced a decline.
Speed Changer Price in Angola (FOB) - 2022
The average speed changer export price stood at $11,538 per ton in 2022, with an increase of 63% against the previous year. Overall, the export price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 139%. As a result, the export price reached the peak level of $76,814 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($58,919 per ton), while the average price for exports to Sweden ($4,014 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 Nigeria (+54.8%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Angola
In 2022, the amount of speed changers, industrial high-speed drives and gear imported into Angola fell to 1.1K tons, waning by -11.1% on the previous year. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.4% 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 +35.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of 1.2K tons, and then shrank in the following year.
In value terms, speed changer imports shrank sharply to $10M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 75%. As a result, imports reached the peak of $13M, and then reduced remarkably in the following year.
| Import of Speed Changer in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.8 | 0.6 | 2.1 | 2.2 | 40.1% |
| United Kingdom | 0.6 | 0.7 | 1.0 | 1.4 | 32.6% |
| South Africa | 1.6 | 1.0 | 0.7 | 1.2 | -9.1% |
| China | 2.1 | 1.5 | 2.2 | 1.2 | -17.0% |
| United States | 1.9 | 1.4 | 0.8 | 0.7 | -28.3% |
| Portugal | 1.2 | 0.7 | 0.8 | 0.3 | -37.0% |
| Others | 2.1 | 1.6 | 5.6 | 3.4 | 17.4% |
| Total | 10.2 | 7.6 | 13.3 | 10.4 | 0.6% |
Top Suppliers of Speed Changer to Angola in 2022:
- China (574.4 tons)
- South Africa (201.7 tons)
- Germany (50.7 tons)
- United States (50.6 tons)
- Portugal (36.1 tons)
- United Kingdom (35.0 tons)
Speed Changer Exports in Angola
After three years of growth, overseas shipments of speed changers, industrial high-speed drives and gear decreased by -37% to 71 tons in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 207% against the previous year. As a result, the exports reached the peak of 113 tons, and then fell markedly in the following year.
In value terms, speed changer exports rose modestly to $819K in 2022. Over the period under review, exports faced a abrupt downturn.
| Export of Speed Changer in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 0.6 | 267 | 44400.0% |
| Brazil | N/A | N/A | 180 | 123 | -31.7% |
| United Kingdom | 0.2 | 133 | 2.7 | 120 | 743.4% |
| Belgium | 2.6 | 46.0 | 6.9 | 5.7 | 29.9% |
| Namibia | 51.4 | 21.5 | 0.1 | 5.4 | -52.8% |
| South Africa | 1,078 | 0.3 | 24.3 | 2.5 | -86.8% |
| Portugal | 0.4 | 302 | 89.1 | 2.1 | 73.8% |
| Sweden | 0.3 | 2.3 | 0.6 | 1.1 | 54.2% |
| Mozambique | N/A | N/A | 180 | N/A | 0% |
| Sao Tome and Principe | N/A | N/A | 43.8 | N/A | 0% |
| Others | 296 | 335 | 270 | 292 | -0.5% |
| Total | 1,430 | 840 | 798 | 819 | -17.0% |
Top Export Markets for Speed Changer from Angola in 2022:
- United Kingdom (7.2 tons)
- Italy (4.5 tons)
- Brazil (2.4 tons)
- Namibia (0.7 tons)
- Belgium (0.7 tons)
- Portugal (0.3 tons)
- Sweden (0.3 tons)
- South Africa (0.2 tons)
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