Speed Changer Price in Brazil - 2023

Contents:

1. Speed Changer Price in Brazil (CIF) - 2023
2. Speed Changer Price in Brazil (FOB) - 2023
3. Speed Changer Imports in Brazil
4. Speed Changer Exports in Brazil

Speed Changer Price in Brazil (CIF) - 2023

In July 2023, the average speed changer import price amounted to $10,010 per ton, surging by 1.7% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 21% month-to-month. As a result, import price reached the peak level of $11,735 per ton. From February 2023 to July 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($20,026 per ton), while the price for China ($6,424 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Brazil (FOB) - 2023

The average speed changer export price stood at $13,506 per ton in July 2023, growing by 6% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in March 2023 an increase of 42% month-to-month. Over the period under review, the average export prices reached the maximum in July 2023.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Paraguay ($17,890 per ton), while the average price for exports to Germany ($8,269 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Imports in Brazil

For the fourth year in a row, Brazil recorded growth in purchases abroad of speed changers, industrial high-speed drives and gear, which increased by 17% to 154K tons in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.5% 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 +97.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 32%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, speed changer imports expanded rapidly to $1.5B in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.1% 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 +82.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Speed Changer to Brazil in 2022:

1. China (68.3K tons)
2. Spain (15.2K tons)
3. Italy (13.1K tons)
4. India (12.2K tons)
5. United States (11.4K tons)
6. Germany (8.2K tons)
7. Mexico (4.8K tons)
8. Japan (3.7K tons)
9. South Korea (3.7K tons)
10. Denmark (0.2K tons)

Speed Changer Exports in Brazil

In 2022, approx. 14K tons of speed changers, industrial high-speed drives and gear were exported from Brazil; increasing by 8.1% compared with 2021. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, speed changer exports surged to $157M in 2022. The total export value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Speed Changer from Brazil in 2022:

1. United States (4.9K tons)
2. Mexico (1.4K tons)
3. Argentina (1.4K tons)
4. Germany (1.1K tons)
5. Colombia (1.0K tons)
6. Chile (0.7K tons)
7. Paraguay (0.4K tons)
8. Italy (0.3K tons)
9. Peru (0.3K tons)
10. China (0.3K tons)
11. Bolivia (0.2K tons)

Source: IndexBox Market Intelligence Platform