Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hong Kong SAR - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hong Kong SAR (CIF) - 2022
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hong Kong SAR (FOB) - 2022
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hong Kong SAR
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hong Kong SAR
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hong Kong SAR (CIF) - 2022
The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $6,260 per unit in 2022, declining by -11.7% against the previous year. In general, the import price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2016 when the average import price increased by 105% against the previous year. Over the period under review, average import prices reached the maximum at $12,988 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($22,351 per unit), while the price for the United States ($3,931 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $7,065 per unit, waning by -15.4% against the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of 391%. As a result, the export price reached the peak level of $57,671 per unit. From 2018 to 2022, the average export prices failed to regain momentum.
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 Macao SAR ($18,260 per unit), while the average price for exports to Japan ($963 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 Vietnam (+82.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in supplies from abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, when their volume increased by 178% to 1.5K units. In general, imports enjoyed a strong expansion. 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 soared to $9.3M in 2022. Over the period under review, imports posted a perceptible increase. 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 Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,454 | 1,636 | 1,694 | 4,865 | 12.1% |
| Taiwan (Chinese) | 1,243 | 785 | 496 | 1,262 | 0.5% |
| United States | 834 | 824 | 86.3 | 1,065 | 8.5% |
| Singapore | 3.9 | N/A | 309 | 684 | 459.8% |
| Germany | 585 | 593 | 629 | 201 | -30.0% |
| Japan | 223 | 256 | 353 | N/A | 25.8% |
| United Arab Emirates | 812 | N/A | N/A | N/A | 0% |
| Others | 937 | 1,051 | 216 | 1,224 | 9.3% |
| Total | 8,092 | 5,145 | 3,784 | 9,302 | 4.8% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Hong Kong SAR in 2022:
- China (1114.0 units)
- United States (271.0 units)
- Singapore (54.0 units)
- Taiwan (Chinese) (13.0 units)
- Germany (9.0 units)
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hong Kong SAR
After three years of growth, shipments abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -75.9% to 48 units in 2022. Overall, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. Over the period under review, the exports of hit record highs at 199 units in 2021, and then contracted notably in the following year.
In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs reduced markedly to $339K in 2022. In general, exports showed a sharp descent. The smallest decline of -9.5% was in 2021. The exports peaked at $2.6M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,572 | 1,336 | 1,080 | 320 | -41.2% |
| Macao SAR | 63.4 | 35.8 | 18.0 | 18.3 | -33.9% |
| Japan | 74.9 | 461 | 564 | 1.0 | -76.3% |
| Others | 925 | 4.5 | N/A | N/A | -99.5% |
| Total | 2,634 | 1,838 | 1,662 | 339 | -49.5% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Hong Kong SAR in 2022:
- China (46.0 units)
- Japan (1.0 units)
- Macao SAR (1.0 units)
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This report provides an in-depth analysis of the ac/dc motor market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global ac/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
129
From September 2023 to October 2023, DC Motor imports saw a slight increase, reaching $43M in value terms.
1276
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
90
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
809
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
