Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in India - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in India (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in India (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in India
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in India
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in India (CIF) - 2022
The average import price for electric motors and generators stood at $4.6 per unit in 2022, which is down by -13.7% against the previous year. Overall, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2021 an increase of 64%. The import price peaked at $9.6 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($32 per unit), while the price for Hong Kong SAR ($2.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in India (FOB) - 2022
In 2022, the average export price for electric motors and generators amounted to $63 per unit, increasing by 34% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $64 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($165 per unit), while the average price for exports to Sri Lanka ($7.7 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 France (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in India
In 2022, purchases abroad of electric motors and generators increased by 49% to 59M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some 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, imports of electric motors and generators skyrocketed to $269M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 89.7 | 73.1 | 116 | 145 | 17.4% |
| Japan | 46.3 | 13.1 | 17.7 | 20.1 | -24.3% |
| South Korea | 8.0 | 5.2 | 5.2 | 16.6 | 27.5% |
| Indonesia | 0.3 | 0.1 | 11.0 | 11.3 | 235.2% |
| Hong Kong SAR | 6.5 | 6.8 | 9.6 | 6.4 | -0.5% |
| Philippines | 0.3 | 0.2 | 2.0 | 5.6 | 165.3% |
| Thailand | 5.5 | 2.6 | 3.2 | 5.1 | -2.5% |
| Vietnam | 2.7 | 2.2 | 3.6 | 4.4 | 17.7% |
| Switzerland | 1.3 | 2.9 | 1.6 | 3.6 | 40.4% |
| Singapore | 2.8 | 2.4 | 2.4 | 3.4 | 6.7% |
| Others | 30.6 | 26.2 | 37.3 | 48.4 | 16.5% |
| Total | 194 | 135 | 210 | 269 | 11.5% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to India in 2022:
- China (42.5M units)
- Hong Kong SAR (3.0M units)
- Vietnam (2.0M units)
- Japan (1.8M units)
- South Korea (1.5M units)
- Philippines (1.3M units)
- Indonesia (1.3M units)
- Singapore (1.1M units)
- Switzerland (1.1M units)
- Thailand (0.7M units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in India
In 2022, approx. 517K units of electric motors and generators were exported from India; with a decrease of -18.8% on the previous year. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 11%. The exports peaked at 825K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electric motors and generators stood at $33M in 2022. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 9.5% against the previous year. Over the period under review, the exports of reached the maximum at $41M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.8 | 7.9 | 7.6 | 10.1 | -7.6% |
| France | 6.0 | 3.9 | 5.4 | 6.6 | 3.2% |
| China | 1.2 | 4.7 | 2.8 | 2.3 | 24.2% |
| Switzerland | 1.2 | 1.2 | 1.8 | 1.5 | 7.7% |
| Brazil | 1.6 | 1.3 | 1.3 | 1.4 | -4.4% |
| Germany | 2.8 | 1.4 | 1.3 | 1.1 | -26.8% |
| United Arab Emirates | 0.2 | 0.2 | 1.0 | 1.0 | 71.0% |
| Lithuania | 0.6 | 0.3 | 0.7 | 0.6 | 0.0% |
| Turkey | 0.3 | 1.2 | 1.6 | 0.5 | 18.6% |
| Thailand | 1.1 | 1.0 | 0.7 | 0.5 | -23.1% |
| South Africa | 0.6 | 0.2 | 0.6 | 0.4 | -12.6% |
| Bangladesh | 0.1 | 0.3 | 0.6 | 0.3 | 44.2% |
| Sri Lanka | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Others | 12.0 | 3.3 | 4.3 | 5.9 | -21.1% |
| Total | 40.8 | 27.3 | 29.8 | 32.5 | -7.3% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from India in 2022:
- Brazil (88.5K units)
- United States (75.3K units)
- Thailand (56.9K units)
- France (39.8K units)
- United Arab Emirates (32.1K units)
- Bangladesh (28.3K units)
- Turkey (27.3K units)
- Sri Lanka (27.1K units)
- Switzerland (19.9K units)
- China (19.6K units)
- South Africa (16.7K units)
- Lithuania (13.4K units)
- Germany (11.4K units)
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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...
1191
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