Speed Changer Price in Bangladesh - 2022

Contents:

1. Speed Changer Price in Bangladesh (CIF) - 2022
2. Speed Changer Price in Bangladesh (FOB) - 2022
3. Speed Changer Imports in Bangladesh
4. Speed Changer Exports in Bangladesh

Speed Changer Price in Bangladesh (CIF) - 2022

The average speed changer import price stood at $7,092 per ton in 2022, reducing by -17.7% against the previous year. Over the period under review, the import price showed a pronounced descent. The pace of growth was the most pronounced in 2016 an increase of 14% against the previous year. Over the period under review, average import prices attained the peak figure at $11,645 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Russia ($62,159 per ton), while the price for China ($4,511 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Bangladesh (FOB) - 2022

The average speed changer export price stood at $24,026 per ton in 2022, picking up by 2.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 52%. The export price peaked at $26,170 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($1,298,833 per ton), while the average price for exports to Canada ($16,104 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 Hong Kong SAR (+149.1%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Imports in Bangladesh

Speed changer imports into Bangladesh contracted slightly to 4.8K tons in 2022, remaining relatively unchanged against 2021 figures. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three years. 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 pace of growth was the most pronounced in 2021 with an increase of 58%. As a result, imports attained the peak of 4.8K tons, leveling off in the following year.

In value terms, speed changer imports dropped markedly to $34M in 2022. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 59% against the previous year. As a result, imports attained the peak of $41M, and then reduced markedly in the following year.

Top Suppliers of Speed Changer to Bangladesh in 2022:

1. China (4.2K tons)
2. United Arab Emirates (0.1K tons)
3. India (0.1K tons)

Speed Changer Exports in Bangladesh

In 2022, after three years of growth, there was significant decline in shipments abroad of speed changers, industrial high-speed drives and gear, when their volume decreased by -27.8% to 9.2 tons. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 143%.

In value terms, speed changer exports shrank markedly to $222K in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 107% against the previous year. As a result, the exports attained the peak of $299K, and then reduced sharply in the following year.

Top Export Markets for Speed Changer from Bangladesh in 2022:

1. Australia (4.0 tons)
2. Canada (2.6 tons)
3. United Kingdom (2.0 tons)
4. India (0.5 tons)

Source: IndexBox Market Intelligence Platform