Speed Changer Price in Singapore - 2022
Contents:
- Speed Changer Price in Singapore (CIF) - 2022
- Speed Changer Price in Singapore (FOB) - 2022
- Speed Changer Imports in Singapore
- Speed Changer Exports in Singapore
Speed Changer Price in Singapore (CIF) - 2022
In September 2022, the average speed changer import price amounted to $29,637 per ton, which is down by -5.4% against the previous month. Overall, the import price, however, posted a measured increase. The growth pace was the most rapid in June 2022 when the average import price increased by 82% against the previous month. As a result, import price reached the peak level of $39,182 per ton. From July 2022 to September 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Malaysia ($46,845 per ton), while the price for South Korea ($11,062 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Singapore (FOB) - 2022
The average speed changer export price stood at $25,259 per ton in 2022, picking up by 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 12% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($30,097 per ton) and Australia ($29,520 per ton), while the average price for exports to the Philippines ($21,010 per ton) and Taiwan (Chinese) ($21,346 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Singapore
In 2022, approx. 21K tons of speed changers, industrial high-speed drives and gear were imported into Singapore; increasing by 58% on the previous year. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.1% 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 +79.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, speed changer imports skyrocketed to $400M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.1% 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 +74.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Speed Changer in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 106 | 76.0 | 69.6 | 106 | 0.0% |
| China | 25.4 | 22.4 | 29.8 | 53.9 | 28.5% |
| Germany | 48.5 | 48.2 | 58.6 | 52.0 | 2.3% |
| Japan | 29.5 | 18.6 | 33.0 | 27.8 | -2.0% |
| Poland | 0.7 | 2.2 | 3.8 | 22.6 | 218.4% |
| United Kingdom | 7.5 | 5.7 | 2.6 | 21.3 | 41.6% |
| Malaysia | 5.2 | 2.9 | 12.2 | 17.0 | 48.4% |
| France | 32.1 | 5.6 | 2.9 | 15.0 | -22.4% |
| Italy | 13.8 | 8.2 | 8.4 | 9.6 | -11.4% |
| India | 7.0 | 4.6 | 6.5 | 9.4 | 10.3% |
| Taiwan (Chinese) | 7.7 | 7.9 | 4.8 | 9.1 | 5.7% |
| South Korea | 5.9 | 3.6 | 5.4 | 7.7 | 9.3% |
| Switzerland | 3.2 | 3.2 | 4.8 | 6.4 | 26.0% |
| Others | 23.5 | 20.4 | 20.8 | 42.4 | 21.7% |
| Total | 316 | 229 | 263 | 400 | 8.2% |
Top Suppliers of Speed Changer to Singapore in 2022:
- United States (5.8K tons)
- China (3.0K tons)
- Germany (2.4K tons)
- Japan (1.1K tons)
- United Kingdom (1.1K tons)
- Poland (1.0K tons)
- France (0.9K tons)
- Malaysia (0.9K tons)
- Italy (0.8K tons)
- Taiwan (Chinese) (0.5K tons)
- India (0.5K tons)
- South Korea (0.4K tons)
- Switzerland (0.3K tons)
Speed Changer Exports in Singapore
Speed changer exports from Singapore soared to 11K tons in 2022, picking up by 23% compared with the previous year's figure. Over the period under review, total exports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, speed changer exports surged to $278M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Speed Changer in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 37.0 | 27.6 | 36.8 | 51.0 | 11.3% |
| Malaysia | 25.4 | 24.2 | 36.1 | 48.8 | 24.3% |
| Japan | 8.0 | 3.8 | 7.0 | 20.0 | 35.7% |
| India | 12.5 | 12.5 | 13.4 | 19.0 | 15.0% |
| United States | 26.6 | 16.8 | 17.2 | 14.2 | -18.9% |
| Australia | 11.3 | 9.1 | 9.0 | 13.3 | 5.6% |
| Thailand | 8.1 | 5.8 | 8.8 | 12.5 | 15.6% |
| China | 20.7 | 20.7 | 29.0 | 10.8 | -19.5% |
| Brazil | 0.9 | 0.5 | 0.8 | 9.9 | 122.4% |
| Poland | 3.4 | 3.6 | 5.7 | 8.9 | 37.8% |
| Hong Kong SAR | 6.2 | 4.5 | 5.2 | 8.9 | 12.8% |
| Taiwan (Chinese) | 3.8 | 3.2 | 4.9 | 6.4 | 19.0% |
| Philippines | 8.9 | 8.6 | 10.5 | 5.7 | -13.8% |
| Others | 35.9 | 27.5 | 29.5 | 49.0 | 10.9% |
| Total | 209 | 168 | 214 | 278 | 10.0% |
Top Export Markets for Speed Changer from Singapore in 2022:
- Malaysia (2056.7 tons)
- Indonesia (1958.2 tons)
- India (726.8 tons)
- Japan (718.9 tons)
- United States (660.5 tons)
- Australia (450.5 tons)
- Thailand (447.1 tons)
- China (441.8 tons)
- Brazil (426.6 tons)
- Hong Kong SAR (338.9 tons)
- Taiwan (Chinese) (299.6 tons)
- Poland (296.9 tons)
- Philippines (270.9 tons)
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