Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in China - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in China (FOB) - 2022
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in China (CIF) - 2023
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in China
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in China
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in China (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $2,368 per unit, dropping by -21.5% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 11% against the previous year. The export price peaked at $6,436 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($6,660 per unit), while the average price for exports to Italy ($891 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 Germany (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in China (CIF) - 2023
In December 2023, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $10,667 per unit, surging by 19% against the previous month. Overall, the import price enjoyed a measured increase. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 271% against the previous month. As a result, import price reached the peak level of $20,492 per unit; afterwards, it flattened through to December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Serbia ($35,564 per unit), while the price for Slovakia ($1,356 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Serbia (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in China
In 2022, the amount of electric motors; AC motors, multi-phase, of an output exceeding 75kWs exported from China surged to 491K units, jumping by 102% on 2021 figures. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 109%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs soared to $1.2B in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 6.9 | 33.4 | 98.5 | 189 | 201.4% |
| Sweden | 3.8 | 2.9 | 33.1 | 124 | 219.6% |
| United States | 61.5 | 41.3 | 66.8 | 106 | 19.9% |
| Germany | 39.1 | 36.2 | 50.7 | 77.9 | 25.8% |
| Italy | 18.1 | 32.1 | 47.6 | 72.8 | 59.0% |
| Japan | 14.4 | 11.8 | 17.2 | 46.6 | 47.9% |
| Russia | 28.7 | 31.2 | 30.1 | 43.3 | 14.7% |
| India | 34.9 | 26.7 | 30.0 | 41.3 | 5.8% |
| Indonesia | 34.7 | 18.2 | 22.9 | 38.9 | 3.9% |
| South Korea | 25.3 | 21.1 | 30.4 | 35.8 | 12.3% |
| Vietnam | 18.6 | 19.0 | 17.4 | 24.9 | 10.2% |
| Malaysia | 7.5 | 8.8 | 8.2 | 20.9 | 40.7% |
| Denmark | 13.7 | 6.9 | 8.6 | 8.2 | -15.7% |
| Others | 224 | 194 | 272 | 334 | 14.2% |
| Total | 531 | 483 | 733 | 1,163 | 29.9% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from China in 2022:
- Belgium (195.7K units)
- Italy (81.7K units)
- Sweden (37.5K units)
- United States (28.7K units)
- Russia (14.4K units)
- Japan (13.3K units)
- India (12.4K units)
- Germany (11.7K units)
- Malaysia (10.0K units)
- South Korea (7.0K units)
- Indonesia (5.0K units)
- Vietnam (4.9K units)
- Denmark (3.8K units)
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in China
For the fourth year in a row, China recorded growth in purchases abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, which increased by 111% to 68K units in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs skyrocketed to $582M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.1% 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 +71.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 45% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 118 | 133 | 243 | 255 | 29.3% |
| Mexico | 3.6 | 0.3 | 6.6 | 56.4 | 150.2% |
| Japan | 51.9 | 40.7 | 39.6 | 51.1 | -0.5% |
| Czech Republic | 25.4 | 23.8 | 26.4 | 50.7 | 25.9% |
| United States | 35.7 | 29.7 | 12.1 | 22.3 | -14.5% |
| Serbia | 0.4 | 1.7 | 7.4 | 21.6 | 278.0% |
| Finland | 25.4 | 21.7 | 35.6 | 15.0 | -16.1% |
| Hungary | 1.0 | 5.7 | 7.0 | 14.9 | 146.1% |
| Austria | 13.4 | 16.9 | 14.5 | 13.7 | 0.7% |
| Others | 69.2 | 65.7 | 99.7 | 81.6 | 5.6% |
| Total | 344 | 339 | 492 | 582 | 19.2% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to China in 2022:
- Germany (36.6K units)
- Mexico (18.8K units)
- Czech Republic (3.1K units)
- Hungary (1.9K units)
- Japan (1.8K units)
- Serbia (1.5K units)
- United States (0.5K units)
- Austria (0.4K units)
- Finland (0.3K units)
516
This report provides an in-depth analysis of the ac/dc motor market in China.
520
This report provides an in-depth analysis of the dc motor market in China.
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.
516
This report provides an in-depth analysis of the ac/dc motor market in China.
520
This report provides an in-depth analysis of the dc motor market in China.
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.
315
In terms of value, exports of DC Motors decreased slightly to $616M in June 2023.
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
79
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
315
In terms of value, exports of DC Motors decreased slightly to $616M in June 2023.
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
79
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
