Price for Electric Motors; AC Motors, Single-Phase in Denmark - 2023

Price for Electric Motors; AC Motors, Single-Phase in Denmark (CIF) - 2023

The average import price for electric motors; AC motors, single-phases stood at $36.3 per unit in June 2023, rising by 15% against the previous month. In general, import price indicated a tangible increase from June 2022 to June 2023: its price increased at an average monthly rate of +4.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, electric motors; AC motors, single-phase import price decreased by -9.5% against April 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 57% m-o-m. As a result, import price reached the peak level of $41.9 per unit. From February 2023 to June 2023, the average import prices remained at a somewhat 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 Netherlands ($83.7 per unit), while the price for China ($19.5 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 the Netherlands (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors; AC Motors, Single-Phase in Denmark (FOB) - 2023

In June 2023, the average export price for electric motors; AC motors, single-phases amounted to $50.2 per unit, jumping by 40% against the previous month. In general, export price indicated a modest increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, electric motors; AC motors, single-phase export price increased by +66.9% against February 2023 indices. The export price peaked at $55.7 per unit in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Iceland ($249 per unit), while the average price for exports to Sweden ($14.4 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Motors; AC Motors, Single-Phase in Denmark

After three years of growth, overseas purchases of electric motors; AC motors, single-phases decreased by -23.1% to 286K units in 2022. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 133% against the previous year. As a result, imports reached the peak of 372K units, and then fell dramatically in the following year.

In value terms, electric motors; AC motors, single-phase imports dropped to $13M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 55%. As a result, imports attained the peak of $13M, and then shrank in the following year.

Import of Electric Motors; AC Motors, Single-Phase in Denmark (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1.7	1.7	5.2	3.4	26.0%
Netherlands	1.9	1.9	1.7	3.0	16.4%
China	0.4	0.7	1.7	1.3	48.1%
Italy	0.7	0.7	0.7	1.0	12.6%
Hungary	0.3	0.5	0.6	0.8	38.7%
Sweden	0.7	1.3	1.3	0.7	0.0%
Mexico	0.7	0.6	0.5	0.4	-17.0%
Others	1.3	1.2	1.8	2.0	15.4%
Total	7.8	8.6	13.4	12.7	17.6%

Top Suppliers of Electric Motors; AC Motors, Single-Phase to Denmark in 2022:

Germany (197.5K units)
China (31.1K units)
Netherlands (16.0K units)
Italy (11.0K units)
Hungary (5.1K units)
Sweden (4.4K units)
Mexico (2.7K units)

Exports of Electric Motors; AC Motors, Single-Phase in Denmark

In 2022, approx. 38K units of electric motors; AC motors, single-phases were exported from Denmark; growing by 13% against 2021. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.6% 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 +69.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, electric motors; AC motors, single-phase exports surged to $5.3M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.5% 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 +80.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Electric Motors; AC Motors, Single-Phase in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	275	209	248	1,879	89.8%
Sweden	169	176	475	1,090	86.1%
Australia	231	197	364	511	30.3%
Ukraine	23.7	12.4	492	287	129.6%
United Kingdom	318	203	324	264	-6.0%
Slovenia	0.3	0.6	288	132	660.6%
China	792	770	126	23.2	-69.2%
Others	1,364	1,366	1,191	1,101	-6.9%
Total	3,175	2,933	3,506	5,286	18.5%