Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Serbia - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Serbia (FOB) - 2023
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Serbia (CIF) - 2022
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Serbia
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Serbia
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Serbia (FOB) - 2023
The average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $2,053 per unit in November 2023, growing by 19% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +4.5%. The most prominent rate of growth was recorded in December 2022 an increase of 50% month-to-month. Over the period under review, the average export prices hit record highs in November 2023.
As there is only one major export destination, the average price level is determined by prices for Germany.
From November 2022 to November 2023, the rate of growth in terms of prices for Germany amounted to +4.4% per month.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Serbia (CIF) - 2022
In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $9,622 per unit, with a decrease of -27.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 180%. The import price peaked at $13,222 per unit in 2021, and then reduced markedly in the following year.
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 Slovakia ($19,904 per unit), while the price for South Korea ($4,119 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+37.5%), 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 Serbia
For the fourth year in a row, Serbia recorded growth in shipments abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, which increased by 141% to 1.7K units in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 164% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs soared to $90M in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.3 | 1.2 | 0.2 | 82.5 | 550.3% |
| Netherlands | 0.3 | 1.9 | 0.5 | 2.5 | 102.7% |
| Egypt | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Others | 3.9 | 5.8 | 5.1 | 4.9 | 7.9% |
| Total | 4.8 | 9.0 | 5.9 | 89.9 | 165.6% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Serbia in 2022:
- Germany (1504.0 units)
- Netherlands (71.0 units)
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Serbia
In 2022, after two years of decline, there was significant growth in overseas purchases of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, when their volume increased by 158% to 683 units. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports of attained the maximum at 702 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs surged to $6.6M in 2022. Overall, imports posted a significant increase. 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 Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 97.1 | 138 | 279 | 1,532 | 150.8% |
| Germany | 466 | 87.1 | 188 | 1,056 | 31.3% |
| Italy | 67.4 | 29.5 | 113 | 886 | 136.0% |
| South Korea | N/A | 0.2 | 2.3 | 601 | 5381.8% |
| Greece | 22.2 | 1.8 | 5.0 | 353 | 151.5% |
| Austria | 6.1 | 55.4 | 6.4 | 322 | 275.1% |
| Slovakia | 4.8 | 3.1 | 4.8 | 239 | 267.9% |
| Belgium | 27.3 | 2.7 | 466 | 99.4 | 53.8% |
| Others | 1,754 | 2,495 | 2,440 | 1,484 | -5.4% |
| Total | 2,445 | 2,813 | 3,504 | 6,572 | 39.0% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Serbia in 2022:
- Germany (201.0 units)
- South Korea (146.0 units)
- China (116.0 units)
- Italy (54.0 units)
- Austria (51.0 units)
- Greece (29.0 units)
- Slovakia (12.0 units)
- Belgium (2.0 units)
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This report provides an in-depth analysis of the ac/dc motor market in Serbia.
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This report provides an in-depth analysis of the dc motor market in Serbia.
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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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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
