Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Greece - 2023

Contents:

1. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Greece (FOB) - 2022
2. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Greece (CIF) - 2022
3. Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Greece
4. Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Greece

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Greece (FOB) - 2022

In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $3,426 per unit, reducing by -21.4% against the previous year. Overall, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 79%. Over the period under review, the average export prices reached the peak figure at $4,880 per unit in 2019; however, from 2020 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 Romania ($9,111 per unit), while the average price for exports to Nigeria ($1,943 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 Bulgaria (+21.5%), 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 Greece (CIF) - 2022

In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $978 per unit, shrinking by -21.4% against the previous year. Over the period under review, the import price recorded a perceptible decline. The pace of growth was the most pronounced in 2015 when the average import price increased by 55% against the previous year. As a result, import price reached the peak level of $2,081 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 Italy ($1,748 per unit), while the price for China ($423 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+40.5%), 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 Greece

After two years of decline, shipments abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs increased by 210% to 1.9K units in 2022. Overall, exports enjoyed a significant expansion. 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 $6.5M in 2022. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Greece in 2022:

1. United States (1187.0 units)
2. Liberia (141.0 units)
3. Serbia (118.0 units)
4. Portugal (73.0 units)
5. Panama (68.0 units)
6. Romania (58.0 units)
7. Cyprus (47.0 units)
8. Nigeria (43.0 units)
9. Bulgaria (32.0 units)
10. Jordan (1.0 units)

Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Greece

In 2022, approx. 5.8K units of electric motors; AC motors, multi-phase, of an output exceeding 75kWs were imported into Greece; rising by 28% compared with the year before. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached 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 totaled $5.7M in 2022. The total import value increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 20%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Greece in 2022:

1. China (3307.0 units)
2. Germany (1188.0 units)
3. Turkey (461.0 units)
4. Italy (281.0 units)
5. Panama (182.0 units)
6. France (89.0 units)
7. Czech Republic (74.0 units)

Source: IndexBox Market Intelligence Platform