Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Russia - 2022

Contents:

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

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

The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $14,079 per unit in 2022, growing by 6.5% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2016 an increase of 60% against the previous year. Over the period under review, average import prices hit record highs at $63,936 per unit in 2017; however, from 2018 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 Spain ($103,748 per unit), while the price for China ($4,312 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $11,533 per unit, increasing by 12% against the previous year. Overall, the export price, however, recorded a slight setback. The growth pace was the most rapid in 2017 when the average export price increased by 66%. As a result, the export price attained the peak level of $17,277 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($38,893 per unit), while the average price for exports to Brazil ($2,919 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 Argentina (+9.1%), 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 Russia

Imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs into Russia reached 14K units in 2022, stabilizing at the year before. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 2% against the previous year. As a result, imports attained the peak of 15K 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 rose markedly to $203M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. As a result, imports attained the peak of $252M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China28.631.230.443.314.8%
Spain0.5N/A1.330.3292.8%
Latvia14.116.82.58.3-16.2%
Germany15.323.016.07.5-21.2%
Poland11.913.39.46.6-17.8%
Brazil2.94.65.94.314.0%
Japan4.82.36.02.7-17.5%
India15.111.25.02.7-43.7%
Czech Republic2.95.55.21.4-21.6%
Others11214410795.7-5.1%
Total208252188203-0.8%

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

  1. China (10.0K units)
  2. Brazil (0.6K units)
  3. India (0.3K units)
  4. Spain (0.3K units)
  5. Czech Republic (0.2K units)
  6. Poland (0.2K units)
  7. Japan (0.2K units)
  8. Latvia (0.2K units)
  9. Germany (0.2K units)

Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Russia

In 2022, overseas shipments of electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -2.4% to 6.8K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 10% against the previous year. As a result, the exports reached the peak of 7K units, and then fell modestly in the following year.

In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs totaled $79M in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania0.90.41.016.5163.7%
Kazakhstan10.37.58.913.710.0%
Colombia3.73.05.77.023.7%
United States7.07.13.65.7-6.6%
Uzbekistan3.43.02.64.610.6%
Turkey0.4N/A4.24.3120.7%
Kuwait0.20.40.12.6135.1%
Argentina0.91.50.91.210.1%
India0.40.51.00.931.0%
Ukraine3.35.45.00.8-37.6%
Brazil0.10.1N/A0.571.0%
Belarus33.122.926.8N/A-10.0%
Others10.18.112.220.827.2%
Total73.860.072.178.62.1%

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

  1. Romania (2235.0 units)
  2. Kazakhstan (1076.0 units)
  3. United States (1008.0 units)
  4. Colombia (681.0 units)
  5. Kuwait (344.0 units)
  6. Turkey (291.0 units)
  7. India (267.0 units)
  8. Brazil (175.0 units)
  9. Argentina (174.0 units)
  10. Uzbekistan (117.0 units)
  11. Ukraine (46.0 units)

Source: IndexBox Market Intelligence Platform

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