Speed Changer Price in Hungary - 2023
Contents:
- Speed Changer Price in Hungary (CIF) - 2023
- Speed Changer Price in Hungary (FOB) - 2023
- Speed Changer Imports in Hungary
- Speed Changer Exports in Hungary
Speed Changer Price in Hungary (CIF) - 2023
The average speed changer import price stood at $15,413 per ton in May 2023, rising by 4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 62% month-to-month. The import price peaked in May 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($45,576 per ton), while the price for India ($6,742 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 Italy (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Hungary (FOB) - 2023
In May 2023, the average speed changer export price amounted to $15,691 per ton, waning by -6.5% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in August 2022 when the average export price increased by 18% against the previous month. Over the period under review, the average export prices attained the maximum at $16,776 per ton in April 2023, and then fell in the following month.
There were significant differences in the average prices for the major overseas markets. In May 2023, the country with the highest price was Poland ($28,990 per ton), while the average price for exports to Sweden ($4,689 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 the UK (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Hungary
Speed changer imports into Hungary expanded modestly to 29K tons in 2022, surging by 4.8% against 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 21%.
In value terms, speed changer imports expanded notably to $400M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Speed Changer in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 143 | 130 | 136 | 157 | 3.2% |
| Italy | 42.1 | 31.6 | 42.9 | 54.4 | 8.9% |
| China | 25.4 | 26.6 | 33.2 | 33.3 | 9.4% |
| Poland | 5.2 | 8.3 | 20.8 | 23.7 | 65.8% |
| Belgium | 17.8 | 11.1 | 12.2 | 19.2 | 2.6% |
| Austria | 13.8 | 21.5 | 17.8 | 17.5 | 8.2% |
| Romania | 14.1 | 17.5 | 22.1 | 17.2 | 6.8% |
| France | 4.2 | 4.9 | 5.9 | 11.2 | 38.7% |
| Slovenia | 4.7 | 4.7 | 5.8 | 7.6 | 17.4% |
| Slovakia | 8.0 | 6.5 | 7.9 | 7.3 | -3.0% |
| Czech Republic | 2.0 | 2.0 | 4.2 | 5.6 | 40.9% |
| India | 5.4 | 1.8 | 3.1 | 3.8 | -11.1% |
| Spain | 5.9 | 3.1 | 1.4 | 1.1 | -42.9% |
| Others | 47.1 | 41.1 | 49.5 | 40.9 | -4.6% |
| Total | 339 | 311 | 363 | 400 | 5.7% |
Top Suppliers of Speed Changer to Hungary in 2022:
- Germany (11.1K tons)
- Italy (3.7K tons)
- China (3.7K tons)
- France (2.2K tons)
- Poland (1.8K tons)
- Slovenia (1.0K tons)
- Austria (0.8K tons)
- Romania (0.6K tons)
- India (0.6K tons)
- Slovakia (0.6K tons)
- Czech Republic (0.5K tons)
- Belgium (0.5K tons)
- Spain (0.1K tons)
Speed Changer Exports in Hungary
In 2022, exports of speed changers, industrial high-speed drives and gear from Hungary skyrocketed to 14K tons, picking up by 29% against 2021. The total export volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable 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 $201M in 2022. The total export value increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 21%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Speed Changer in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 65.1 | 53.3 | 52.5 | 52.3 | -7.0% |
| France | 18.1 | 16.0 | 21.3 | 22.1 | 6.9% |
| Poland | 2.3 | 3.1 | 5.9 | 13.7 | 81.3% |
| United Kingdom | 1.4 | 1.5 | 14.8 | 13.1 | 110.7% |
| United States | 15.4 | 5.9 | 9.3 | 11.9 | -8.2% |
| Mexico | 1.6 | 1.9 | 2.3 | 10.6 | 87.8% |
| Austria | 2.9 | 4.5 | 4.3 | 10.4 | 53.1% |
| China | 3.8 | 5.4 | 7.8 | 9.7 | 36.7% |
| Italy | 4.4 | 6.7 | 5.3 | 9.2 | 27.9% |
| Netherlands | 1.8 | 2.2 | 4.7 | 6.6 | 54.2% |
| Czech Republic | 3.9 | 3.6 | 5.4 | 6.2 | 16.7% |
| Sweden | 2.1 | 3.5 | 4.7 | 5.5 | 37.8% |
| Canada | 5.7 | 2.0 | 4.3 | 4.4 | -8.3% |
| Others | 22.3 | 28.6 | 25.6 | 25.1 | 4.0% |
| Total | 151 | 138 | 168 | 201 | 10.0% |
Top Export Markets for Speed Changer from Hungary in 2022:
- Germany (3.3K tons)
- Austria (1.8K tons)
- Mexico (1.6K tons)
- France (1.3K tons)
- United Kingdom (1.2K tons)
- Sweden (0.9K tons)
- United States (0.6K tons)
- Italy (0.6K tons)
- Poland (0.5K tons)
- China (0.5K tons)
- Czech Republic (0.4K tons)
- Netherlands (0.3K tons)
- Canada (0.2K tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
