Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in South Korea - 2022
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in South Korea (FOB) - 2022
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in South Korea (CIF) - 2022
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in South Korea
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in South Korea
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in South Korea (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $8,127 per unit, with a decrease of -5.8% against the previous year. Overall, the export price recorded a perceptible setback. The pace of growth was the most pronounced in 2020 an increase of 54% against the previous year. As a result, the export price reached the peak level of $10,324 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($29,296 per unit), while the average price for exports to the UK ($896 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 the Czech Republic (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in South Korea (CIF) - 2022
The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $7,813 per unit in 2022, rising by 15% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $8,992 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($33,382 per unit), while the price for Italy ($2,041 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.4%), 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 South Korea
Exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs from South Korea surged to 28K units in 2022, growing by 44% compared with 2021 figures. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% 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 increased by +47.6% against 2019 indices. As a result, the exports attained 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 $230M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 +78.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 60%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | 114 | 71.3 | 102 | -5.4% |
| United States | 27.0 | 14.1 | 12.3 | 37.8 | 11.9% |
| Japan | 34.4 | 24.1 | 17.0 | 25.8 | -9.1% |
| Saudi Arabia | 3.3 | 4.5 | 4.2 | 9.6 | 42.8% |
| France | 7.0 | 4.8 | 5.3 | 6.3 | -3.5% |
| India | 5.5 | 1.3 | 1.5 | 5.9 | 2.4% |
| Bangladesh | N/A | 0.3 | 1.4 | 4.2 | 274.2% |
| China | 4.2 | 4.2 | 3.8 | 3.7 | -4.1% |
| United Arab Emirates | 2.7 | 6.4 | 3.9 | 3.5 | 9.0% |
| Germany | 2.1 | 3.3 | 3.8 | 2.8 | 10.1% |
| Indonesia | 4.0 | 1.8 | 5.0 | 2.1 | -19.3% |
| United Kingdom | 0.1 | 0.9 | 0.5 | 1.8 | 162.1% |
| Vietnam | 1.7 | 7.8 | 3.1 | 1.6 | -2.0% |
| Others | 36.7 | 18.5 | 35.9 | 22.9 | -14.5% |
| Total | 129 | 206 | 169 | 230 | 21.3% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from South Korea in 2022:
- United States (5.0K units)
- Czech Republic (3.5K units)
- Saudi Arabia (3.4K units)
- Japan (2.2K units)
- United Kingdom (2.0K units)
- China (1.9K units)
- Bangladesh (1.5K units)
- India (1.4K units)
- United Arab Emirates (1.3K units)
- Germany (1.0K units)
- Indonesia (0.7K units)
- France (0.7K units)
- Vietnam (0.6K units)
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in South Korea
Imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs into South Korea reduced to 17K units in 2022, dropping by -5.7% compared with 2021 figures. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. As a result, imports attained the peak of 18K units, and then reduced in the following year.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs rose remarkably to $133M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. 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 South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.3 | 20.7 | 32.5 | 38.0 | 11.7% |
| Germany | 19.5 | 21.9 | 18.1 | 21.4 | 3.1% |
| Japan | 16.3 | 28.1 | 22.5 | 18.6 | 4.5% |
| Brazil | 3.3 | 4.8 | 2.0 | 15.8 | 68.5% |
| Finland | 11.3 | 9.7 | 8.6 | 8.6 | -8.7% |
| India | 0.3 | 0.2 | 6.1 | 3.2 | 120.1% |
| Mexico | 5.0 | 4.8 | 3.3 | 3.0 | -15.7% |
| United States | 4.3 | 4.9 | 6.8 | 2.5 | -16.5% |
| Italy | 2.1 | 4.1 | 1.6 | 1.8 | -5.0% |
| France | 16.5 | 3.1 | 0.7 | 1.1 | -59.5% |
| Taiwan (Chinese) | 1.3 | 0.6 | 0.5 | 0.1 | -57.5% |
| Others | 20.3 | 13.2 | 19.3 | 18.5 | -3.0% |
| Total | 127 | 116 | 122 | 133 | 1.6% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to South Korea in 2022:
- Germany (6.2K units)
- Finland (1.8K units)
- China (1.7K units)
- India (1.5K units)
- Brazil (1.1K units)
- Italy (0.9K units)
- Mexico (0.9K units)
- Japan (0.6K units)
- United States (0.5K units)
- Taiwan (Chinese) (0.2K units)
- France (0.1K units)
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