Price for Electric Motors; AC Motors, Single-Phase in the Philippines - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in the Philippines (CIF) - 2022
- Price for Electric Motors; AC Motors, Single-Phase in the Philippines (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in the Philippines
- Exports of Electric Motors; AC Motors, Single-Phase in the Philippines
Price for Electric Motors; AC Motors, Single-Phase in the Philippines (CIF) - 2022
The average import price for electric motors; AC motors, single-phases stood at $10 per unit in 2022, waning by -8.7% against the previous year. Overall, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26%. The import price peaked at $19 per unit in 2014; however, from 2015 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 China ($9.3 per unit), while the price for Taiwan (Chinese) ($5.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; AC Motors, Single-Phase in the Philippines (FOB) - 2022
The average export price for electric motors; AC motors, single-phases stood at $39 per unit in 2022, declining by -58.9% against the previous year. Overall, the export price faced a sharp descent. The growth pace was the most rapid in 2016 when the average export price increased by 230% against the previous year. The export price peaked at $2,275 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($130 per unit), while the average price for exports to Poland ($8.3 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 Thailand (-16.0%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors; AC Motors, Single-Phase in the Philippines
In 2022, the amount of electric motors; AC motors, single-phases imported into the Philippines shrank rapidly to 2.4M units, reducing by -21.6% on the year before. Over the period under review, imports showed a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of 3M units, and then shrank sharply in the following year.
In value terms, electric motors; AC motors, single-phase imports contracted rapidly to $25M in 2022. In general, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports reached the peak of $35M, and then reduced dramatically in the following year.
| Import of Electric Motors; AC Motors, Single-Phase in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.0 | 20.3 | 23.0 | 19.8 | 7.4% |
| Thailand | 0.6 | 0.4 | 6.7 | 0.7 | 5.3% |
| Taiwan (Chinese) | 0.3 | 0.9 | 1.2 | 0.6 | 26.0% |
| Vietnam | 2.1 | 0.8 | 0.5 | 0.4 | -42.5% |
| Hong Kong SAR | 0.7 | 1.4 | 0.4 | 0.2 | -34.1% |
| Others | 2.2 | 2.4 | 3.0 | 3.2 | 13.3% |
| Total | 22.0 | 26.1 | 34.8 | 24.9 | 4.2% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to the Philippines in 2022:
- China (2130.8K units)
- Taiwan (Chinese) (113.0K units)
- Vietnam (67.1K units)
- Thailand (19.0K units)
- Hong Kong SAR (16.4K units)
Exports of Electric Motors; AC Motors, Single-Phase in the Philippines
In 2022, electric motors; ac motors, single-phase exports from the Philippines surged to 1.2M units, rising by 773% against 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 7,600%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, electric motors; AC motors, single-phase exports surged to $47M in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 5,687% against the previous year. As a result, the exports attained the peak of $79M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Electric Motors; AC Motors, Single-Phase in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 72.7 | 7.0 | 18.5 | 259.0% |
| Malaysia | N/A | N/A | 1.4 | 14.5 | 935.7% |
| Hong Kong SAR | N/A | 5.2 | 0.9 | 4.4 | -8.0% |
| Mexico | N/A | N/A | 0.1 | 2.7 | 2600.0% |
| United States | 0.7 | 0.3 | 1.6 | 2.1 | 44.2% |
| Thailand | N/A | 0.1 | 0.5 | 1.9 | 335.9% |
| Poland | N/A | N/A | 0.1 | 1.4 | 1300.0% |
| Others | 0.2 | 0.4 | 1.5 | 1.2 | 81.7% |
| Total | 1.4 | 78.7 | 13.0 | 46.6 | 221.7% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from the Philippines in 2022:
- Malaysia (508.1K units)
- Mexico (263.3K units)
- Poland (163.4K units)
- China (142.1K units)
- Hong Kong SAR (42.6K units)
- United States (30.6K units)
- Thailand (21.7K units)
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This report provides an in-depth analysis of the ac/dc motor market in the Philippines.
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This report provides an in-depth analysis of the dc motor market in the Philippines.
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This report provides an in-depth analysis of the global ac/dc motor market.
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This report provides an in-depth analysis of the global dc motor market.
353
This report provides an in-depth analysis of the ac/dc motor market in the Philippines.
404
This report provides an in-depth analysis of the dc motor market in the Philippines.
1370
This report provides an in-depth analysis of the global ac/dc motor market.
1049
This report provides an in-depth analysis of the global dc motor market.
1271
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
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In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1201
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
1271
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
78
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
808
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1201
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
