Speed Changer Price in Portugal - 2023
Contents:
- Speed Changer Price in Portugal (CIF) - 2023
- Speed Changer Price in Portugal (FOB) - 2023
- Speed Changer Imports in Portugal
- Speed Changer Exports in Portugal
Speed Changer Price in Portugal (CIF) - 2023
In May 2023, the average speed changer import price amounted to $14,196 per ton, which is down by -14.7% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 59% month-to-month. Over the period under review, average import prices attained the maximum at $16,641 per ton in April 2023, and then declined in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was France ($24,384 per ton), while the price for China ($4,347 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 France (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Portugal (FOB) - 2023
In May 2023, the average speed changer export price amounted to $20,013 per ton, dropping by -11.7% against the previous month. Overall, export price indicated noticeable growth from May 2022 to May 2023: its price increased at an average monthly rate of +3.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, speed changer export price decreased by -37.7% against February 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 60% m-o-m. As a result, the export price reached the peak level of $32,114 per ton. From March 2023 to May 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was the Czech Republic ($52,482 per ton), while the average price for exports to the UK ($1,720 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.8%), while the prices for the other major destinations experienced a decline.
Speed Changer Imports in Portugal
In 2022, approx. 5.9K tons of speed changers, industrial high-speed drives and gear were imported into Portugal; with an increase of 26% compared with 2021 figures. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.1% 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 +66.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, speed changer imports surged to $63M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.8% 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 +68.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Speed Changer in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 11.1 | 10.9 | 13.6 | 14.4 | 9.1% |
| Denmark | 3.4 | 0.2 | 1.1 | 9.7 | 41.8% |
| Italy | 7.3 | 5.6 | 7.6 | 8.9 | 6.8% |
| Germany | 8.7 | 4.4 | 6.9 | 8.9 | 0.8% |
| China | 2.1 | 3.2 | 3.9 | 5.9 | 41.1% |
| Japan | 0.5 | 0.9 | 2.8 | 3.2 | 85.7% |
| Belgium | 3.1 | 2.8 | 1.7 | 2.1 | -12.2% |
| South Korea | 2.8 | 2.5 | 3.1 | 1.3 | -22.6% |
| Others | 7.5 | 7.0 | 9.6 | 8.8 | 5.5% |
| Total | 46.6 | 37.6 | 50.3 | 63.3 | 10.7% |
Top Suppliers of Speed Changer to Portugal in 2022:
- China (1621.1 tons)
- Denmark (1160.8 tons)
- Italy (748.4 tons)
- Spain (748.4 tons)
- Japan (591.9 tons)
- Germany (382.1 tons)
- South Korea (173.7 tons)
- Belgium (81.0 tons)
Speed Changer Exports in Portugal
Speed changer exports from Portugal shrank significantly to 302 tons in 2022, waning by -40.9% on the previous year. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. As a result, the exports attained the peak of 511 tons, and then declined remarkably in the following year.
In value terms, speed changer exports contracted rapidly to $5.3M in 2022. In general, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, the exports reached the peak of $6.9M, and then reduced notably in the following year.
| Export of Speed Changer in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 551 | 940 | 1,949 | 871 | 16.5% |
| Angola | 851 | 634 | 509 | 771 | -3.2% |
| France | 528 | 431 | 493 | 736 | 11.7% |
| Germany | 540 | 376 | 451 | 587 | 2.8% |
| United Kingdom | 72.2 | 49.8 | 653 | 448 | 83.8% |
| Democratic Republic of the Congo | N/A | 0.1 | N/A | 227 | 4664.5% |
| Mozambique | 148 | 174 | 122 | 212 | 12.7% |
| Canada | 0.8 | 790 | 553 | 118 | 428.4% |
| Denmark | 200 | 42.2 | 54.9 | 111 | -17.8% |
| United States | 579 | 118 | 346 | 88.8 | -46.5% |
| Netherlands | 353 | 96.0 | 108 | 77.9 | -39.6% |
| Belgium | 1,899 | 96.8 | 61.8 | 31.4 | -74.5% |
| Others | 746 | 1,564 | 1,620 | 1,042 | 11.8% |
| Total | 6,469 | 5,313 | 6,921 | 5,320 | -6.3% |
Top Export Markets for Speed Changer from Portugal in 2022:
- Spain (72.7 tons)
- France (37.7 tons)
- Germany (34.8 tons)
- Angola (33.6 tons)
- Denmark (31.4 tons)
- United Kingdom (20.0 tons)
- Democratic Republic of the Congo (13.9 tons)
- Canada (8.3 tons)
- Mozambique (8.1 tons)
- Netherlands (2.0 tons)
- United States (1.9 tons)
- Belgium (1.0 tons)
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