Price for Electric Motors; AC Motors, Single-Phase in Russia - 2022
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Russia (CIF) - 2022
- Price for Electric Motors; AC Motors, Single-Phase in Russia (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Russia
- Exports of Electric Motors; AC Motors, Single-Phase in Russia
Price for Electric Motors; AC Motors, Single-Phase in Russia (CIF) - 2022
In January 2022, the average import price for electric motors; AC motors, single-phases amounted to $21.5 per unit, which is down by -34.1% against the previous month. Over the period under review, import price indicated perceptible growth from January 2021 to January 2022: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, electric motors; AC motors, single-phase import price decreased by -34.1% against December 2021 indices. The most prominent rate of growth was recorded in December 2021 when the average import price increased by 48% month-to-month. As a result, import price reached the peak level of $32.7 per unit, and then shrank remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($60.6 per unit), while the price for China ($16.8 per unit) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Belarus (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Single-Phase in Russia (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $75 per unit, jumping by 59% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric motors; AC motors, single-phase export price increased by +94.8% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($598 per unit), while the average price for exports to Italy ($16 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Single-Phase in Russia
In 2022, the amount of electric motors; AC motors, single-phases imported into Russia dropped to 5.7M units, which is down by -5.4% compared with 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports reached the peak of 6M units, and then contracted in the following year.
In value terms, electric motors; AC motors, single-phase imports fell to $121M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of $136M, and then contracted in the following year.
| Import of Electric Motors; AC Motors, Single-Phase in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 66.4 | 65.4 | 84.4 | 84.3 | 8.3% |
| Belarus | 7.5 | 10.5 | 14.5 | 7.6 | 0.4% |
| Slovakia | 9.0 | 5.9 | 6.0 | 5.1 | -17.2% |
| Italy | 9.2 | 8.9 | 10.0 | 5.0 | -18.4% |
| Others | 17.8 | 15.0 | 20.7 | 18.7 | 1.7% |
| Total | 110 | 106 | 136 | 121 | 3.2% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Russia in 2022:
- China (5.1M units)
- Slovakia (0.2M units)
- Belarus (0.2M units)
- Italy (0.1M units)
Exports of Electric Motors; AC Motors, Single-Phase in Russia
In 2022, after three years of growth, there was significant decline in shipments abroad of electric motors; AC motors, single-phases, when their volume decreased by -46.5% to 62K units. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 24%. As a result, the exports reached the peak of 116K units, and then shrank sharply in the following year.
In value terms, electric motors; AC motors, single-phase exports fell sharply to $4.6M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. As a result, the exports attained the peak of $5.5M, and then declined notably in the following year.
| Export of Electric Motors; AC Motors, Single-Phase in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 169 | 77.9 | 624 | 2,515 | 146.0% |
| United Kingdom | 21.8 | 3.0 | 57.3 | 830 | 236.4% |
| Kazakhstan | 1,145 | 1,414 | 1,571 | 576 | -20.5% |
| Belarus | 1,286 | 1,358 | 1,508 | 421 | -31.1% |
| Azerbaijan | 89.7 | 91.7 | 98.7 | 118 | 9.6% |
| Ukraine | 165 | 188 | 150 | 38.9 | -38.2% |
| Italy | 60.6 | 58.5 | 46.7 | 7.3 | -50.6% |
| Turkey | 105 | 0.1 | 98.6 | 7.2 | -59.1% |
| Poland | 29.7 | 4.1 | 44.0 | 0.5 | -74.4% |
| Kyrgyzstan | 124 | 74.6 | 123 | N/A | -0.4% |
| Others | 664 | 541 | 1,146 | 125 | -42.7% |
| Total | 3,860 | 3,811 | 5,467 | 4,639 | 6.3% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Russia in 2022:
- Poland (undefinedK units)
- Germany (32.4K units)
- Belarus (14.7K units)
- Kazakhstan (9.1K units)
- United Kingdom (1.4K units)
- Azerbaijan (1.1K units)
- Ukraine (0.7K units)
- Turkey (0.5K units)
- Italy (0.5K units)
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1210
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