Speed Changer Price in South Africa - 2023
Contents:
- Speed Changer Price in South Africa (CIF) - 2023
- Speed Changer Price in South Africa (FOB) - 2023
- Speed Changer Imports in South Africa
- Speed Changer Exports in South Africa
Speed Changer Price in South Africa (CIF) - 2023
The average speed changer import price stood at $19,202 per ton in June 2023, approximately reflecting the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 5.7% month-to-month. Over the period under review, average import prices hit record highs at $19,329 per ton in May 2023, and then shrank modestly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($24,681 per ton), while the price for India ($10,289 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in South Africa (FOB) - 2023
In June 2023, the average speed changer export price amounted to $22,960 per ton, dropping by -9.6% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 21% against the previous month. As a result, the export price attained the peak level of $25,404 per ton, and then contracted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Namibia ($31,734 per ton), while the average price for exports to Malawi ($15,794 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in South Africa
Speed changer imports into South Africa surged to 15K tons in 2022, increasing by 24% against 2021. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, speed changer imports surged to $248M in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Speed Changer in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.7 | 25.6 | 39.0 | 56.0 | 26.4% |
| United States | 44.1 | 37.7 | 38.4 | 52.1 | 5.7% |
| Germany | 43.5 | 37.7 | 43.1 | 43.8 | 0.2% |
| Italy | 17.7 | 14.9 | 18.8 | 23.0 | 9.1% |
| Belgium | 4.5 | 4.3 | 4.8 | 6.9 | 15.3% |
| Japan | 8.3 | 4.9 | 4.7 | 6.9 | -6.0% |
| United Kingdom | 3.7 | 4.4 | 5.2 | 6.0 | 17.5% |
| France | 4.1 | 2.9 | 3.8 | 5.0 | 6.8% |
| Finland | 2.1 | 2.9 | 3.5 | 4.7 | 30.8% |
| Slovakia | 3.8 | 3.2 | 3.7 | 3.9 | 0.9% |
| Turkey | 2.6 | 1.7 | 2.6 | 2.9 | 3.7% |
| Others | 34.3 | 33.6 | 39.5 | 37.3 | 2.8% |
| Total | 196 | 174 | 207 | 248 | 8.2% |
Top Suppliers of Speed Changer to South Africa in 2022:
- China (5.6K tons)
- Germany (2.3K tons)
- United States (2.2K tons)
- Italy (1.4K tons)
- Turkey (0.4K tons)
- United Kingdom (0.4K tons)
- Finland (0.3K tons)
- France (0.3K tons)
- Slovakia (0.3K tons)
- Belgium (0.3K tons)
- Japan (0.3K tons)
Speed Changer Exports in South Africa
In 2022, approx. 3.8K tons of speed changers, industrial high-speed drives and gear were exported from South Africa; declining by -7.5% on the previous year's figure. The total export volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 4.1K tons, and then contracted in the following year.
In value terms, speed changer exports totaled $79M in 2022. The total export value increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 7.5% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Speed Changer in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 8.9 | 7.8 | 10.8 | 11.6 | 9.2% |
| Democratic Republic of the Congo | 10.4 | 6.5 | 11.6 | 11.3 | 2.8% |
| Zimbabwe | 6.5 | 15.1 | 8.7 | 9.2 | 12.3% |
| Mozambique | 6.4 | 7.7 | 6.0 | 7.6 | 5.9% |
| Namibia | 6.6 | 5.4 | 7.5 | 7.0 | 2.0% |
| United States | 6.1 | 6.1 | 4.9 | 4.8 | -7.7% |
| Botswana | 5.6 | 3.5 | 3.6 | 3.7 | -12.9% |
| Angola | 1.8 | 1.2 | 1.0 | 2.6 | 13.0% |
| Belgium | 1.2 | 1.1 | 1.2 | 2.1 | 20.5% |
| Tanzania | 1.3 | 1.6 | 1.2 | 1.9 | 13.5% |
| Swaziland | 1.1 | 1.1 | 1.4 | 1.2 | 2.9% |
| Others | 14.2 | 14.9 | 19.6 | 15.6 | 3.2% |
| Total | 70.1 | 72.1 | 77.4 | 78.6 | 3.9% |
Top Export Markets for Speed Changer from South Africa in 2022:
- Zambia (518.3 tons)
- Democratic Republic of the Congo (468.8 tons)
- Zimbabwe (424.4 tons)
- Namibia (383.8 tons)
- Mozambique (326.6 tons)
- United States (201.5 tons)
- Botswana (193.9 tons)
- Swaziland (147.9 tons)
- Angola (144.4 tons)
- Belgium (103.7 tons)
- Tanzania (88.6 tons)
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