Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Latvia - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Latvia (FOB) - 2022
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Latvia (CIF) - 2022
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Latvia
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Latvia
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Latvia (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $36,825 per unit, picking up by 115% against the previous year. In general, the export price posted a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 323%. Over the period under review, the average export prices reached the maximum at $44,323 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Russia ($42,705 per unit), while the average price for exports to Ukraine ($8,594 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 (+14.6%), 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 Latvia (CIF) - 2022
The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $7,530 per unit in 2022, falling by -60% against the previous year. In general, the import price saw a abrupt decline. The growth pace was the most rapid in 2018 when the average import price increased by 124%. The import price peaked at $40,765 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Russia ($25,131 per unit), while the price for Norway ($1,827 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+41.7%), 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 Latvia
In 2022, overseas shipments of electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -4.9% to 234 units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 44% against the previous year. As a result, the exports attained the peak of 499 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs surged to $8.6M in 2022. Overall, exports faced a abrupt decrease. The exports peaked at $18M in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 14.1 | 17.1 | 2.5 | 8.3 | -16.2% |
| Ukraine | 0.3 | 1.2 | 1.1 | 0.2 | -12.6% |
| United States | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Kazakhstan | N/A | N/A | 0.5 | N/A | 0% |
| Others | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Total | 14.5 | 18.4 | 4.2 | 8.6 | -16.0% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Latvia in 2022:
- Russia (194.0 units)
- Ukraine (28.0 units)
- United States (4.0 units)
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Latvia
In 2022, purchases abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -18.6% to 158 units, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of 402 units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs reduced dramatically to $1.2M in 2022. Over the period under review, imports saw a sharp downturn. The growth pace was the most rapid in 2020 when imports increased by 29%. As a result, imports attained the peak of $16M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.1 | N/A | N/A | 0.2 | 26.0% |
| United Kingdom | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Germany | 0.7 | 1.0 | 2.2 | 0.2 | -34.1% |
| Italy | N/A | N/A | N/A | 0.1 | 0% |
| Belgium | N/A | N/A | N/A | 0.1 | 0% |
| China | 0.1 | N/A | 0.4 | 0.1 | 0.0% |
| Norway | N/A | N/A | N/A | N/A | 0% |
| Austria | 11.2 | 14.5 | 0.5 | N/A | -78.9% |
| Lithuania | 0.1 | N/A | N/A | N/A | 0% |
| Poland | N/A | 0.3 | 0.1 | N/A | -66.7% |
| Others | 0.6 | 0.5 | 0.4 | 0.3 | -20.6% |
| Total | 12.7 | 16.4 | 3.7 | 1.2 | -54.5% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Latvia in 2022:
- Netherlands (48.0 units)
- Italy (22.0 units)
- China (17.0 units)
- United Kingdom (13.0 units)
- Germany (12.0 units)
- Belgium (11.0 units)
- Lithuania (9.0 units)
- Norway (9.0 units)
- Poland (3.0 units)
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