Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hungary - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hungary (FOB) - 2022
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hungary (CIF) - 2023
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hungary
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hungary
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hungary (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $2,971 per unit, reducing by -38.6% against the previous year. Overall, the export price saw a precipitous shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 56%. The export price peaked at $49,489 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($28,125 per unit), while the average price for exports to Belgium totaled $2,120 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-13.7%).
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hungary (CIF) - 2023
In October 2023, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $3,920 per unit, approximately mirroring the previous month. Overall, the import price, however, showed resilient growth. The pace of growth was the most pronounced in November 2022 when the average import price increased by 580% against the previous month. As a result, import price attained the peak level of $6,196 per unit; afterwards, it flattened through to October 2023.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Brazil ($16,317 per unit), while the price for the United States ($2,752 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 Germany (+18.4%), 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 Hungary
In 2022, approx. 107K units of electric motors; AC motors, multi-phase, of an output exceeding 75kWs were exported from Hungary; growing by 89% against the year before. In general, exports continue to indicate a significant increase. 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 surged to $317M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 207 | 191 | 211 | 218 | 1.7% |
| Germany | 3.3 | 7.9 | 47.3 | 92.5 | 203.8% |
| Others | 6.0 | 8.5 | 15.3 | 7.0 | 5.3% |
| Total | 217 | 207 | 273 | 317 | 13.5% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Hungary in 2022:
- Belgium (102.7K units)
- Germany (3.3K units)
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Hungary
In 2022, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs into Hungary surged to 9.3K units, growing by 559% on the year before. In general, imports saw significant growth. 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 soared to $99M in 2022. Over the period under review, imports posted significant growth. 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 Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | 0.1 | 56.5 | 56400.0% |
| Germany | 1.2 | 1.5 | 2.0 | 34.2 | 205.5% |
| China | 0.4 | 0.2 | 0.1 | 2.5 | 84.2% |
| Austria | 2.6 | 2.3 | 4.3 | 1.8 | -11.5% |
| Denmark | 0.9 | 0.9 | 1.1 | 1.3 | 13.0% |
| Belgium | 1.2 | 0.9 | 0.9 | 0.2 | -45.0% |
| Others | 1.7 | 1.8 | 2.2 | 2.4 | 12.2% |
| Total | 8.1 | 7.6 | 10.7 | 99.0 | 130.3% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Hungary in 2022:
- Germany (4.9K units)
- Poland (3.1K units)
- Denmark (0.4K units)
- China (0.4K units)
- Austria (0.1K units)
- Belgium (0.1K units)
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This report provides an in-depth analysis of the ac/dc motor market in Hungary.
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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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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
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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...
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