Price for Electric Motors; AC Motors, Single-Phase in Hungary - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Hungary (CIF) - 2023
- Price for Electric Motors; AC Motors, Single-Phase in Hungary (FOB) - 2023
- Imports of Electric Motors; AC Motors, Single-Phase in Hungary
- Exports of Electric Motors; AC Motors, Single-Phase in Hungary
Price for Electric Motors; AC Motors, Single-Phase in Hungary (CIF) - 2023
The average import price for electric motors; AC motors, single-phases stood at $8.1 per unit in June 2023, shrinking by -11.1% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 56% against the previous month. Over the period under review, average import prices reached the peak figure at $13.2 per unit in November 2022; however, from December 2022 to June 2023, import prices stood 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 Poland ($37.1 per unit), while the price for Slovenia ($3.9 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 Poland (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors; AC Motors, Single-Phase in Hungary (FOB) - 2023
The average export price for electric motors; AC motors, single-phases stood at $35.2 per unit in June 2023, increasing by 41% against the previous month. In general, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Denmark ($61.9 per unit), while the average price for exports to Belgium ($8.2 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 Italy (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Single-Phase in Hungary
For the third year in a row, Hungary recorded decline in supplies from abroad of electric motors; AC motors, single-phases, which decreased by -25.9% to 1.5M units in 2022. Over the period under review, imports faced a sharp shrinkage. The smallest decline of -15.9% was in 2021. Imports peaked at 3.6M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, electric motors; AC motors, single-phase imports declined to $22M in 2022. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 4.4% against the previous year. Over the period under review, imports reached the peak figure at $33M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electric Motors; AC Motors, Single-Phase in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.4 | 4.4 | 2.6 | 5.1 | -11.7% |
| Slovenia | 11.4 | 7.8 | 7.6 | 4.8 | -25.0% |
| Italy | 1.1 | 1.4 | 2.3 | 3.1 | 41.3% |
| Poland | 2.5 | 3.3 | 4.1 | 2.9 | 5.1% |
| Germany | 3.2 | 2.6 | 2.7 | 2.7 | -5.5% |
| Switzerland | 1.2 | 0.8 | 1.4 | 1.3 | 2.7% |
| Slovakia | 2.3 | 0.1 | 0.1 | 0.1 | -64.8% |
| Spain | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 3.8 | 4.0 | 4.5 | 2.0 | -19.3% |
| Total | 32.9 | 24.5 | 25.5 | 22.2 | -12.3% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Hungary in 2022:
- China (401.3K units)
- Slovenia (389.4K units)
- Switzerland (366.6K units)
- Italy (122.1K units)
- Poland (61.1K units)
- Germany (59.7K units)
- Spain (22.7K units)
- Slovakia (5.2K units)
Exports of Electric Motors; AC Motors, Single-Phase in Hungary
In 2022, approx. 534K units of electric motors; AC motors, single-phases were exported from Hungary; waning by -20.2% on 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. As a result, the exports reached the peak of 669K units, and then dropped sharply in the following year.
In value terms, electric motors; AC motors, single-phase exports expanded markedly to $23M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.5% 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 +79.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Electric Motors; AC Motors, Single-Phase in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.1 | N/A | 7.2 | 10.1 | 365.7% |
| France | 0.8 | 1.0 | 3.1 | 5.5 | 90.1% |
| Germany | 7.5 | 6.4 | 4.0 | 4.8 | -13.8% |
| Serbia | 0.8 | 1.1 | 1.4 | 0.4 | -20.6% |
| Belgium | 0.1 | 0.2 | 0.4 | 0.4 | 58.7% |
| Croatia | 0.7 | 0.7 | 1.2 | 0.4 | -17.0% |
| United States | 0.2 | 0.8 | 0.5 | N/A | 58.1% |
| Others | 4.2 | 2.4 | 2.0 | 1.1 | -36.0% |
| Total | 14.4 | 12.7 | 19.9 | 22.7 | 16.4% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Hungary in 2022:
- Italy (339.8K units)
- France (76.8K units)
- Germany (55.1K units)
- Belgium (20.6K units)
- Serbia (12.7K units)
- Croatia (9.2K units)
- United States (2.9K units)
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This report provides an in-depth analysis of the ac/dc motor market in Hungary.
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This report provides an in-depth analysis of the global ac/dc motor market.
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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...
1210
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