Speed Changer Price in Uganda - 2022
Contents:
- Speed Changer Price in Uganda (CIF) - 2022
- Speed Changer Price in Uganda (FOB) - 2022
- Speed Changer Imports in Uganda
- Speed Changer Exports in Uganda
Speed Changer Price in Uganda (CIF) - 2022
The average speed changer import price stood at $8,207 per ton in 2022, remaining stable against the previous year. Over the period under review, import price indicated a measured increase from 2013 to 2022: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, speed changer import price increased by +61.5% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 56%. As a result, import price attained the peak level of $8,418 per ton. From 2015 to 2022, the average 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 Canada ($10,035 per ton), while the price for the United Arab Emirates ($2,157 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced a decline.
Speed Changer Price in Uganda (FOB) - 2022
The average speed changer export price stood at $8,845 per ton in 2022, which is down by -13.3% against the previous year. Over the period under review, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 109%. As a result, the export price attained the peak level of $32,737 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($39,531 per ton), while the average price for exports to India ($2,226 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Uganda
In 2022, purchases abroad of speed changers, industrial high-speed drives and gear decreased by -0.3% to 490 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, 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 51%. As a result, imports attained the peak of 602 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, speed changer imports totaled $4M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.0% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 54%. As a result, imports reached the peak of $4.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Speed Changer in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 972 | 1,028 | 550 | 692 | -10.7% |
| China | 495 | 586 | 337 | 241 | -21.3% |
| Canada | 53.7 | 114 | 52.8 | 129 | 33.9% |
| United Arab Emirates | 47.0 | 46.8 | 111 | 90.9 | 24.6% |
| Others | 1,074 | 2,285 | 2,930 | 2,867 | 38.7% |
| Total | 2,642 | 4,060 | 3,980 | 4,020 | 15.0% |
Top Suppliers of Speed Changer to Uganda in 2022:
- India (259.2 tons)
- China (103.1 tons)
- United Arab Emirates (42.1 tons)
- Canada (12.8 tons)
Speed Changer Exports in Uganda
In 2022, overseas shipments of speed changers, industrial high-speed drives and gear were finally on the rise to reach 870 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt downturn.
In value terms, speed changer exports declined modestly to $7.7K in 2022. Over the period under review, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 10%.
| Export of Speed Changer in Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 336 | 1,697 | 1,838 | 1,794 | 74.8% |
| Mexico | 1,533 | 1,000 | 1,214 | 1,518 | -0.3% |
| Russia | 2,250 | 1,215 | 1,222 | 1,265 | -17.5% |
| Latvia | 896 | 584 | 710 | 887 | -0.3% |
| India | 587 | 383 | 465 | 581 | -0.3% |
| Ukraine | 2,741 | 1,431 | 1,389 | 550 | -41.5% |
| South Sudan | 48.0 | 281 | 320 | 340 | 92.0% |
| Rwanda | 112 | 164 | 151 | 125 | 3.7% |
| Others | 2,148 | 567 | 763 | 635 | -33.4% |
| Total | 10,651 | 7,322 | 8,072 | 7,695 | -10.3% |
Top Export Markets for Speed Changer from Uganda in 2022:
- Mexico (284.0 kg)
- India (261.0 kg)
- Democratic Republic of the Congo (214.0 kg)
- Latvia (37.0 kg)
- Russia (32.0 kg)
- South Sudan (22.0 kg)
- Rwanda (10.0 kg)
- Ukraine (7.0 kg)
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