Speed Changer Price in Bolivia - 2022

Contents:

1. Speed Changer Price in Bolivia (CIF) - 2022
2. Speed Changer Price in Bolivia (FOB) - 2022
3. Speed Changer Imports in Bolivia
4. Speed Changer Exports in Bolivia

Speed Changer Price in Bolivia (CIF) - 2022

The average speed changer import price stood at $12,774 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs at $17,855 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($41,632 per ton), while the price for Spain ($3,671 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Speed Changer Price in Bolivia (FOB) - 2022

In 2022, the average speed changer export price amounted to $7,668 per ton, waning by -92.3% against the previous year. Overall, the export price recorded a sharp shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by 104%. As a result, the export price attained the peak level of $110,531 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($235,000 per ton), while the average price for exports to Colombia ($1,159 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+137.4%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Imports in Bolivia

Speed changer imports into Bolivia skyrocketed to 912 tons in 2022, jumping by 30% on 2021. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, speed changer imports surged to $12M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.4% 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 +97.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Speed Changer to Bolivia in 2022:

1. China (462.8 tons)
2. Brazil (107.2 tons)
3. United States (76.4 tons)
4. Italy (54.6 tons)
5. Spain (51.4 tons)
6. Germany (28.6 tons)
7. France (23.6 tons)
8. Japan (14.6 tons)

Speed Changer Exports in Bolivia

In 2022, exports of speed changers, industrial high-speed drives and gear from Bolivia soared to 5.9 tons, increasing by 1,814% on the year before. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, speed changer exports skyrocketed to $45K in 2022. In general, exports recorded a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 429% against the previous year. As a result, the exports attained the peak of $200K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Speed Changer from Bolivia in 2022:

1. Colombia (5.2 tons)
2. United States (0.6 tons)
3. Argentina (0.1 tons)

Source: IndexBox Market Intelligence Platform