Speed Changer Price in New Zealand - 2023
Contents:
- Speed Changer Price in New Zealand (CIF) - 2023
- Speed Changer Price in New Zealand (FOB) - 2023
- Speed Changer Imports in New Zealand
- Speed Changer Exports in New Zealand
Speed Changer Price in New Zealand (CIF) - 2023
The average speed changer import price stood at $20,102 per ton in July 2023, picking up by 4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 4.9% against the previous month. Over the period under review, average import prices hit record highs at $20,624 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Denmark ($22,188 per ton) and the UK ($21,992 per ton), while the price for South Korea ($18,565 per ton) and Japan ($18,978 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in New Zealand (FOB) - 2023
The average speed changer export price stood at $24,668 per ton in July 2023, remaining stable against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 4.8% against the previous month. The export price peaked at $24,934 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the highest price was recorded for prices to Canada ($27,463 per ton) and Germany ($26,156 per ton), while the average price for exports to Peru ($22,864 per ton) and Indonesia ($22,864 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in New Zealand
For the fourth year in a row, New Zealand recorded growth in supplies from abroad of speed changers, industrial high-speed drives and gear, which increased by 11% to 2.9K tons in 2022. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, speed changer imports expanded significantly to $57M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Speed Changer in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.5 | 9.8 | 10.1 | 10.8 | 0.9% |
| Italy | 6.0 | 7.5 | 9.3 | 9.7 | 17.4% |
| Australia | 4.9 | 4.7 | 7.6 | 7.7 | 16.3% |
| Germany | 5.2 | 5.0 | 6.7 | 7.0 | 10.4% |
| China | 2.9 | 9.2 | 3.8 | 5.5 | 23.8% |
| France | 1.3 | 1.7 | 1.7 | 2.2 | 19.2% |
| India | 0.9 | 2.0 | 1.6 | 1.8 | 26.0% |
| Japan | 1.9 | 1.9 | 2.0 | 1.7 | -3.6% |
| Canada | 0.8 | 0.5 | 0.8 | 1.2 | 14.5% |
| Taiwan (Chinese) | 0.5 | 0.6 | 0.8 | 1.0 | 26.0% |
| Netherlands | 0.4 | 0.2 | 0.6 | 0.9 | 31.0% |
| South Korea | 0.6 | 0.9 | 0.9 | 0.9 | 14.5% |
| United Kingdom | 1.1 | 0.7 | 0.9 | 0.8 | -10.1% |
| Others | 5.1 | 5.0 | 6.3 | 5.6 | 3.2% |
| Total | 42.2 | 49.6 | 53.1 | 56.9 | 10.5% |
Top Suppliers of Speed Changer to New Zealand in 2022:
- United States (526.0 tons)
- Italy (485.2 tons)
- Australia (383.5 tons)
- Germany (382.5 tons)
- China (275.9 tons)
- France (107.6 tons)
- India (90.5 tons)
- Japan (86.0 tons)
- Canada (52.4 tons)
- Netherlands (48.7 tons)
- Taiwan (Chinese) (46.6 tons)
- South Korea (46.1 tons)
- United Kingdom (42.1 tons)
Speed Changer Exports in New Zealand
In 2022, the amount of speed changers, industrial high-speed drives and gear exported from New Zealand expanded notably to 293 tons, surging by 11% against the previous year. In general, exports, however, continue to indicate a deep downturn.
In value terms, speed changer exports skyrocketed to $7M in 2022. Overall, exports, however, saw a abrupt contraction.
| Export of Speed Changer in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2,315 | 1,286 | 1,969 | 2,397 | 1.2% |
| United States | 1,511 | 1,939 | 1,695 | 1,429 | -1.8% |
| United Kingdom | 240 | 299 | 219 | 746 | 45.9% |
| France | 35.2 | 55.6 | 67.4 | 697 | 170.5% |
| Japan | 10.7 | 138 | 169 | 155 | 143.8% |
| New Caledonia | 47.9 | 25.8 | 13.7 | 152 | 46.9% |
| Germany | 380 | 195 | 95.5 | 133 | -29.5% |
| Singapore | 327 | 443 | 155 | 123 | -27.8% |
| Netherlands | 2,228 | 439 | 68.4 | 121 | -62.1% |
| Philippines | N/A | 0.7 | 3.6 | 102 | 1107.1% |
| Fiji | 155 | 98.3 | 129 | 98.7 | -14.0% |
| Others | 1,060 | 1,036 | 1,407 | 802 | -8.9% |
| Total | 8,309 | 5,955 | 5,991 | 6,955 | -5.8% |
Top Export Markets for Speed Changer from New Zealand in 2022:
- Australia (102.0 tons)
- United States (58.6 tons)
- United Kingdom (32.6 tons)
- France (30.5 tons)
- Japan (6.7 tons)
- New Caledonia (6.6 tons)
- Netherlands (5.3 tons)
- Germany (5.1 tons)
- Singapore (4.6 tons)
- Philippines (4.5 tons)
- Fiji (4.1 tons)
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