Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Estonia - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Estonia (FOB) - 2022
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Estonia (CIF) - 2022
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Estonia
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Estonia
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Estonia (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $9,232 per unit, shrinking by -25% against the previous year. Overall, the export price continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 139%. As a result, the export price attained the peak level of $12,302 per unit, and then reduced rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($67,786 per unit), while the average price for exports to Germany ($6,151 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 Russia (+14.8%), 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 Estonia (CIF) - 2022
In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $24,435 per unit, which is down by -3.5% against the previous year. Over the period under review, the import price, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 96%. As a result, import price reached the peak level of $25,321 per unit, and then shrank slightly in the following year.
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 Finland ($44,817 per unit), while the price for Ireland ($4,422 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+103.0%), 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 Estonia
In 2022, the amount of electric motors; AC motors, multi-phase, of an output exceeding 75kWs exported from Estonia soared to 735 units, jumping by 27% against 2021. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs fell to $6.8M in 2022. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2021 when exports increased by 141%. As a result, the exports attained the peak of $7.1M, and then shrank slightly in the following year.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 2.8 | 2.3 | 2.5 | 3.0 | 2.3% |
| Russia | 1.0 | 0.1 | 3.7 | 2.2 | 30.1% |
| Germany | 0.1 | 0.2 | 0.4 | 1.5 | 146.6% |
| Others | 0.1 | 0.3 | 0.5 | 0.2 | 26.0% |
| Total | 4.0 | 2.9 | 7.1 | 6.8 | 19.3% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Estonia in 2022:
- Finland (445.0 units)
- Germany (241.0 units)
- Russia (32.0 units)
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Estonia
In 2022, after three years of growth, there was significant decline in purchases abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, when their volume decreased by -52.5% to 96 units. Over the period under review, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 104% against the previous year. As a result, imports reached the peak of 202 units, and then contracted notably in the following year.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs shrank dramatically to $2.3M in 2022. In general, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 300% against the previous year. As a result, imports reached the peak of $5.1M, and then contracted markedly in the following year.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 411 | 347 | 4,071 | 1,793 | 63.4% |
| Germany | 1,048 | 692 | 635 | 282 | -35.4% |
| France | N/A | N/A | N/A | 69.4 | 0% |
| Romania | N/A | 9.6 | 14.8 | 52.9 | 134.7% |
| China | 26.4 | 3.1 | N/A | 49.7 | 23.5% |
| Lithuania | N/A | N/A | 40.7 | 41.3 | 1.5% |
| Belgium | N/A | N/A | N/A | 9.8 | 0% |
| Ireland | N/A | N/A | 32.5 | 8.8 | -72.9% |
| Russia | N/A | 98.8 | 24.4 | N/A | -75.3% |
| Others | 411 | 128 | 296 | 39.7 | -54.1% |
| Total | 1,897 | 1,279 | 5,115 | 2,346 | 7.3% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Estonia in 2022:
- Finland (40.0 units)
- Germany (28.0 units)
- France (8.0 units)
- Romania (5.0 units)
- China (5.0 units)
- Lithuania (2.0 units)
- Ireland (2.0 units)
- Belgium (2.0 units)
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