Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Luxembourg - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Luxembourg (CIF) - 2023
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Luxembourg (FOB) - 2022
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Luxembourg
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Luxembourg
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Luxembourg (CIF) - 2023
In October 2023, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $6,704 per unit, increasing by 26% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 73% against the previous month. As a result, import price attained the peak level of $10,598 per unit; afterwards, it flattened through to October 2023.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From October 2022 to October 2023, the rate of growth in terms of prices for Japan amounted to +4.6% per month.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Luxembourg (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $15,301 per unit, surging by 21% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs increased by +80.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 49%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
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 Algeria ($25,585 per unit), while the average price for exports to India ($7,998 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 Indonesia (+40.4%), 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 Luxembourg
In 2022, overseas purchases of electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -25.6% to 215 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 65%. As a result, imports attained the peak of 289 units, and then declined rapidly in the following year.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs soared to $2.7M in 2022. In general, imports, however, saw a significant expansion. As a result, imports reached 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 Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 261 | 336 | 655 | 1,425 | 76.1% |
| Belgium | 127 | 60.1 | 290 | 824 | 86.5% |
| Japan | 390 | 168 | 306 | 186 | -21.9% |
| Czech Republic | 57.2 | 45.2 | 14.1 | 78.1 | 10.9% |
| United States | N/A | 137 | 92.9 | 51.4 | -38.7% |
| China | 153 | 317 | N/A | N/A | 107.2% |
| Netherlands | N/A | 20.1 | 105 | N/A | 422.4% |
| Brazil | 3.3 | N/A | N/A | N/A | 0% |
| Canada | N/A | 25.6 | 11.0 | N/A | -57.0% |
| Others | 72.1 | 102 | 208 | 136 | 23.6% |
| Total | 1,064 | 1,211 | 1,683 | 2,699 | 36.4% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Luxembourg in 2022:
- Germany (80.0 units)
- Belgium (63.0 units)
- Japan (32.0 units)
- Czech Republic (8.0 units)
- United States (7.0 units)
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Luxembourg
In 2022, shipments abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -16.7% to 125 units, falling for the second consecutive year after two years of growth. In general, total exports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% 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 decreased by -32.4% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 55% against the previous year. As a result, the exports reached the peak of 185 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 totaled $1.9M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.5% 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 +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 97.8 | 146 | 236 | 228 | 32.6% |
| China | 146 | 86.1 | 189 | 173 | 5.8% |
| Algeria | 16.5 | 46.9 | 127 | 102 | 83.5% |
| Spain | 121 | 87.9 | N/A | 102 | -5.5% |
| Belgium | 39.4 | 64.0 | 61.6 | 90.6 | 32.0% |
| Nigeria | 10.8 | 12.8 | 44.1 | 86.2 | 99.8% |
| Saudi Arabia | 40.5 | 166 | 142 | 83.0 | 27.0% |
| Indonesia | 45.2 | 12.5 | 51.1 | 75.1 | 18.4% |
| Italy | 65.5 | 17.6 | 80.2 | 69.9 | 2.2% |
| United States | 24.0 | 56.4 | 43.5 | 65.8 | 40.0% |
| Thailand | N/A | N/A | 87.3 | 60.0 | -31.3% |
| India | 17.8 | 3.7 | 27.5 | 48.0 | 39.2% |
| Hungary | 14.2 | N/A | 53.9 | 43.1 | 44.8% |
| Others | 572 | 871 | 760 | 686 | 6.2% |
| Total | 1,211 | 1,570 | 1,903 | 1,913 | 16.5% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Luxembourg in 2022:
- Germany (17.0 units)
- Belgium (10.0 units)
- United States (8.0 units)
- China (8.0 units)
- India (6.0 units)
- Nigeria (6.0 units)
- Saudi Arabia (5.0 units)
- Italy (4.0 units)
- Algeria (4.0 units)
- Thailand (4.0 units)
- Spain (4.0 units)
- Hungary (3.0 units)
- Indonesia (3.0 units)
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This report provides an in-depth analysis of the ac/dc motor market in Luxembourg.
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This report provides an in-depth analysis of the dc motor market in Luxembourg.
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This report provides an in-depth analysis of the global ac/dc motor market.
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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
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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
