Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Finland - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Finland (FOB) - 2023
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Finland (CIF) - 2023
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Finland
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Finland
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Finland (FOB) - 2023
In October 2023, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $62,289 per unit, jumping by 98% against the previous month. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 120% month-to-month. Over the period under review, the average export prices hit record highs in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was India ($378K per unit), while the average price for exports to Turkey ($17,940 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Finland (CIF) - 2023
The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $11,036 per unit in October 2023, increasing by 5.9% against the previous month. In general, the import price enjoyed a temperate increase. The most prominent rate of growth was recorded in July 2023 an increase of 579% m-o-m. As a result, import price attained the peak level of $26,648 per unit; afterwards, it flattened through to October 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($30,023 per unit), while the price for China ($9,680 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+10.1%), 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 Finland
For the fourth year in a row, Finland recorded growth in shipments abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, which increased by 24% to 18K units in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +54.9% against 2019 indices. As a result, the exports reached 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 skyrocketed to $470M in 2022. The total export value increased at an average annual rate of +9.9% 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 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 Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 18.4 | 18.8 | 16.6 | 105 | 78.7% |
| Germany | 67.2 | 72.7 | 68.8 | 61.1 | -3.1% |
| United States | 23.4 | 30.6 | 37.2 | 48.5 | 27.5% |
| Italy | 29.3 | 39.2 | 35.0 | 37.1 | 8.2% |
| France | 10.0 | 28.5 | 11.6 | 24.0 | 33.9% |
| Egypt | 4.9 | 6.4 | 8.7 | 16.9 | 51.1% |
| Turkey | 3.4 | 3.0 | 6.3 | 13.2 | 57.2% |
| Sweden | 16.6 | 17.0 | 20.2 | 12.9 | -8.1% |
| Norway | 13.7 | 12.0 | 12.8 | 12.6 | -2.8% |
| Netherlands | 8.5 | 12.3 | 12.3 | 9.6 | 4.1% |
| Denmark | 6.4 | 7.5 | 7.9 | 7.3 | 4.5% |
| Spain | 6.7 | 11.4 | 6.4 | 6.1 | -3.1% |
| Hungary | 2.3 | 1.9 | 2.7 | 2.5 | 2.8% |
| Others | 143 | 124 | 138 | 112 | -7.8% |
| Total | 354 | 386 | 384 | 470 | 9.9% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Finland in 2022:
- Germany (3.9K units)
- South Korea (2.2K units)
- Italy (1.1K units)
- United States (1.1K units)
- France (0.9K units)
- Netherlands (0.8K units)
- Norway (0.8K units)
- Sweden (0.7K units)
- Turkey (0.6K units)
- Denmark (0.6K units)
- Egypt (0.5K units)
- Hungary (0.5K units)
- Spain (0.4K units)
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Finland
For the fourth consecutive year, Finland recorded growth in overseas purchases of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, which increased by 6.3% to 3.9K units in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs skyrocketed to $17M in 2022. The total import value increased at an average annual rate of +14.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.1 | 5.5 | 5.7 | 5.6 | 11.0% |
| Estonia | 2.9 | 1.7 | 2.1 | 2.5 | -4.8% |
| Sweden | 1.4 | 0.7 | 1.3 | 1.6 | 4.6% |
| China | 0.4 | 0.8 | 1.0 | 1.6 | 58.7% |
| Czech Republic | 1.2 | 0.9 | 1.0 | 1.4 | 5.3% |
| United States | 0.1 | 1.3 | 0.6 | 0.9 | 108.0% |
| Others | 1.3 | 2.9 | 1.6 | 3.1 | 33.6% |
| Total | 11.2 | 13.6 | 13.1 | 16.7 | 14.2% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Finland in 2022:
- Germany (2492.0 units)
- Sweden (407.0 units)
- Estonia (389.0 units)
- Czech Republic (186.0 units)
- China (145.0 units)
- United States (95.0 units)
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This report provides an in-depth analysis of the global dc motor market.
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This report provides an in-depth analysis of the ac/dc motor market in Finland.
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This report provides an in-depth analysis of the dc motor market in Finland.
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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.
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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
1275
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
82
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
