Speed Changer Price in Argentina - 2022
Contents:
- Speed Changer Price in Argentina (CIF) - 2022
- Speed Changer Price in Argentina (FOB) - 2022
- Speed Changer Imports in Argentina
- Speed Changer Exports in Argentina
Speed Changer Price in Argentina (CIF) - 2022
In 2022, the average speed changer import price amounted to $14,542 per ton, rising by 9.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 73% against the previous year. The import price peaked at $16,269 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 the United States ($66,280 per ton), while the price for China ($6,391 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Argentina (FOB) - 2022
The average speed changer export price stood at $13,099 per ton in 2022, increasing by 7.2% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, speed changer export price decreased by -14.1% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 60%. The export price peaked at $18,804 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($19,208 per ton), while the average price for exports to Spain ($5,564 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 Egypt (+43.1%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Argentina
After two years of decline, purchases abroad of speed changers, industrial high-speed drives and gear increased by 46% to 9.9K tons in 2022. Overall, imports, however, recorded a precipitous descent.
In value terms, speed changer imports surged to $144M in 2022. Over the period under review, imports, however, showed a slight decrease.
| Import of Speed Changer in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 63.9 | 30.1 | 17.3 | 41.6 | -13.3% |
| United States | 15.0 | 10.6 | 16.5 | 20.9 | 11.7% |
| Germany | 18.3 | 11.3 | 10.3 | 16.3 | -3.8% |
| Italy | 9.0 | 8.1 | 9.9 | 12.4 | 11.3% |
| Brazil | 6.9 | 6.9 | 9.2 | 11.6 | 18.9% |
| Spain | 3.1 | 3.7 | 6.7 | 7.7 | 35.4% |
| Thailand | 2.5 | 2.2 | 3.1 | 5.1 | 26.8% |
| Denmark | 6.2 | 3.0 | 3.3 | 4.5 | -10.1% |
| Others | 24.2 | 11.2 | 14.0 | 24.2 | 0.0% |
| Total | 149 | 87.1 | 90.4 | 144 | -1.1% |
Top Suppliers of Speed Changer to Argentina in 2022:
- China (6.5K tons)
- Brazil (0.7K tons)
- Italy (0.4K tons)
- Germany (0.4K tons)
- Denmark (0.3K tons)
- United States (0.3K tons)
- Spain (0.3K tons)
- Thailand (0.2K tons)
Speed Changer Exports in Argentina
In 2022, approx. 2.1K tons of speed changers, industrial high-speed drives and gear were exported from Argentina; rising by 34% against the previous year. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 54%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, speed changer exports soared to $28M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Speed Changer in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 7.8 | 9.2 | 14.9 | 21.3 | 39.8% |
| United States | 2.5 | 2.1 | 1.7 | 2.4 | -1.4% |
| Chile | 0.5 | 0.8 | 0.6 | 0.8 | 17.0% |
| Paraguay | 0.6 | 0.3 | 0.5 | 0.7 | 5.3% |
| Spain | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Others | 1.8 | 1.5 | 1.4 | 2.2 | 6.9% |
| Total | 13.4 | 14.2 | 19.2 | 27.6 | 27.2% |
Top Export Markets for Speed Changer from Argentina in 2022:
- Brazil (1775.8 tons)
- United States (123.0 tons)
- Paraguay (49.8 tons)
- Chile (42.4 tons)
- Spain (39.5 tons)
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