Price for Electric Motors; AC Motors, Single-Phase in Australia - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Australia (CIF) - 2022
- Price for Electric Motors; AC Motors, Single-Phase in Australia (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Australia
- Exports of Electric Motors; AC Motors, Single-Phase in Australia
Price for Electric Motors; AC Motors, Single-Phase in Australia (CIF) - 2022
The average import price for electric motors; AC motors, single-phases stood at $65 per unit in 2022, with an increase of 7.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 17%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($363 per unit), while the price for Spain ($30 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Single-Phase in Australia (FOB) - 2022
The average export price for electric motors; AC motors, single-phases stood at $12 per unit in 2022, dropping by -11% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 43% against the previous year. As a result, the export price attained the peak level of $32 per unit. From 2014 to 2022, the average export prices remained 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 the United States ($30 per unit), while the average price for exports to New Zealand ($7.7 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 South Africa (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electric Motors; AC Motors, Single-Phase in Australia
For the fourth consecutive year, Australia recorded growth in supplies from abroad of electric motors; AC motors, single-phases, which increased by 10% to 1.1M units in 2022. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, electric motors; AC motors, single-phase imports soared to $74M in 2022. The total import value increased at an average annual rate of +12.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors; AC Motors, Single-Phase in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.5 | 15.0 | 20.3 | 25.2 | 26.3% |
| Thailand | 13.8 | 13.3 | 16.1 | 17.0 | 7.2% |
| Italy | 2.7 | 3.0 | 3.0 | 3.9 | 13.0% |
| Germany | 2.9 | 3.5 | 3.4 | 3.7 | 8.5% |
| Tunisia | 2.2 | 2.1 | 2.2 | 3.5 | 16.7% |
| France | 2.7 | 2.9 | 2.7 | 3.4 | 8.0% |
| Mexico | 2.7 | 2.5 | 2.1 | 2.3 | -5.2% |
| Spain | 0.7 | 0.8 | 0.6 | 0.9 | 8.7% |
| Others | 12.6 | 11.7 | 12.5 | 14.5 | 4.8% |
| Total | 52.7 | 54.8 | 62.8 | 74.3 | 12.1% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Australia in 2022:
- China (574.3K units)
- Thailand (249.5K units)
- France (60.8K units)
- Tunisia (53.8K units)
- Italy (37.6K units)
- Spain (31.8K units)
- Germany (31.0K units)
- Mexico (18.4K units)
Exports of Electric Motors; AC Motors, Single-Phase in Australia
In 2022, approx. 315K units of electric motors; AC motors, single-phases were exported from Australia; waning by -4% on the year before. In general, exports showed a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs at 654K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, electric motors; AC motors, single-phase exports reduced to $3.9M in 2022. Overall, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Over the period under review, the exports reached the maximum at $11M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; AC Motors, Single-Phase in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,216 | 1,315 | 1,735 | 1,660 | 10.9% |
| United States | 714 | 237 | 835 | 424 | -15.9% |
| China | 7,514 | 11.0 | 25.6 | 332 | -64.6% |
| Thailand | 0.4 | N/A | 31.5 | 175 | 659.1% |
| Malaysia | 246 | 289 | 270 | 150 | -15.2% |
| South Africa | 25.7 | 2.2 | 9.0 | 118 | 66.2% |
| Others | 1,713 | 1,089 | 1,679 | 1,059 | -14.8% |
| Total | 11,428 | 2,943 | 4,585 | 3,917 | -30.0% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Australia in 2022:
- New Zealand (216.5K units)
- China (22.7K units)
- Thailand (20.2K units)
- Malaysia (16.8K units)
- United States (14.2K units)
- South Africa (7.1K units)
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This report provides an in-depth analysis of the ac/dc motor market in Australia.
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This report provides an in-depth analysis of the dc motor market in Australia.
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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.
329
This report provides an in-depth analysis of the ac/dc motor market in Australia.
518
This report provides an in-depth analysis of the dc motor market in Australia.
1370
This report provides an in-depth analysis of the global ac/dc motor market.
1049
This report provides an in-depth analysis of the global dc motor market.
1271
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
1271
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
79
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
