Price for Electric Motors; AC Motors, Single-Phase in Canada - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Canada (CIF) - 2023
- Price for Electric Motors; AC Motors, Single-Phase in Canada (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Canada
- Exports of Electric Motors; AC Motors, Single-Phase in Canada
Price for Electric Motors; AC Motors, Single-Phase in Canada (CIF) - 2023
The average import price for electric motors; AC motors, single-phases stood at $87.9 per unit in June 2023, jumping by 25% against the previous month. Overall, the import price, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in January 2023 an increase of 34% against the previous month. The import price peaked at $126 per unit in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($107 per unit), while the price for China ($30.0 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; AC Motors, Single-Phase in Canada (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $81 per unit, shrinking by -1.9% against the previous year. In general, the export price recorded a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of 47%. The export price peaked at $113 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.7% per year.
Imports of Electric Motors; AC Motors, Single-Phase in Canada
In 2022, imports of electric motors; AC motors, single-phases into Canada rose modestly to 2.8M units, with an increase of 4.6% on the previous year. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, electric motors; AC motors, single-phase imports fell slightly to $250M in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports reached the peak of $254M, and then shrank modestly in the following year.
| Import of Electric Motors; AC Motors, Single-Phase in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 115 | 135 | 162 | 159 | 11.4% |
| Mexico | 40.6 | 35.2 | 46.1 | 42.9 | 1.9% |
| China | 21.4 | 17.8 | 24.1 | 30.0 | 11.9% |
| Tunisia | 1.6 | 1.9 | 2.5 | 3.7 | 32.2% |
| Japan | 4.4 | 3.2 | 3.0 | 1.6 | -28.6% |
| Others | 15.3 | 13.2 | 16.1 | 12.6 | -6.3% |
| Total | 198 | 206 | 254 | 250 | 8.1% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Canada in 2022:
- United States (1082.2K units)
- China (1025.6K units)
- Mexico (484.0K units)
- Tunisia (44.6K units)
- Japan (20.7K units)
Exports of Electric Motors; AC Motors, Single-Phase in Canada
In 2022, overseas shipments of electric motors; AC motors, single-phases increased by 7.8% to 121K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a noticeable reduction. The exports peaked at 140K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, electric motors; AC motors, single-phase exports expanded rapidly to $9.8M in 2022. The total export value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Electric Motors; AC Motors, Single-Phase in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.5 | 6.3 | 8.0 | 8.5 | 9.4% |
| Others | 1.1 | 0.9 | 1.3 | 1.3 | 5.7% |
| Total | 7.6 | 7.2 | 9.3 | 9.8 | 8.8% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Canada in 2022:
- United States (116.7K units)
358
This report provides an in-depth analysis of the ac/dc motor market in Canada.
417
This report provides an in-depth analysis of the dc motor market in Canada.
1369
This report provides an in-depth analysis of the global ac/dc motor market.
1048
This report provides an in-depth analysis of the global dc motor market.
358
This report provides an in-depth analysis of the ac/dc motor market in Canada.
417
This report provides an in-depth analysis of the dc motor market in Canada.
1369
This report provides an in-depth analysis of the global ac/dc motor market.
1048
This report provides an in-depth analysis of the global dc motor market.
1270
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
76
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
806
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...
1200
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
1270
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
76
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
806
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...
1200
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
