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

Contents:

  1. Price for Electric Motors; AC Motors, Single-Phase in Ireland (CIF) - 2023
  2. Price for Electric Motors; AC Motors, Single-Phase in Ireland (FOB) - 2022
  3. Imports of Electric Motors; AC Motors, Single-Phase in Ireland
  4. Exports of Electric Motors; AC Motors, Single-Phase in Ireland

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

The average import price for electric motors; AC motors, single-phases stood at $23.3 per unit in June 2023, reducing by -49% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 99% against the previous month. The import price peaked at $45.7 per unit in May 2023, and then dropped notably in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($51.8 per unit), while the price for China ($16.1 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 Germany (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors; AC Motors, Single-Phase in Ireland (FOB) - 2022

The average export price for electric motors; AC motors, single-phases stood at $110 per unit in 2022, leveling off at the previous year. Overall, the export price continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2019 an increase of 51%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($228 per unit), while the average price for exports to China ($47 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 UK (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the third year in a row, Ireland recorded decline in purchases abroad of electric motors; AC motors, single-phases, which decreased by 0% to 127K units in 2022. Overall, imports saw prominent growth. The smallest decline of -14.9% was in 2020. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, electric motors; AC motors, single-phase imports amounted to $6.7M in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Import of Electric Motors; AC Motors, Single-Phase in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China706980N/A2,06643.0%
Italy817792N/A1,14511.9%
Germany94.4353N/A862109.0%
United Kingdom614838N/A7717.9%
Netherlands3.621.7N/A306339.7%
Hong Kong SAR88.013.5N/A69.6-7.5%
Others1,128963N/A1,4488.7%
Total3,4503,962N/A6,66924.6%

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

  1. China (79.4K units)
  2. Italy (23.9K units)
  3. United Kingdom (6.2K units)
  4. Germany (5.1K units)
  5. Hong Kong SAR (3.7K units)
  6. Netherlands (2.2K units)

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

In 2022, the amount of electric motors; AC motors, single-phases exported from Ireland amounted to 6.3K units, standing approx. at 2021. Overall, exports enjoyed a resilient increase. The smallest decline of -17% was in 2020. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, electric motors; AC motors, single-phase exports stood at $698K in 2022. Over the period under review, exports recorded a resilient expansion. The smallest decline of -17.5% was in 2020. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Export of Electric Motors; AC Motors, Single-Phase in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom31.957.9N/A23293.7%
Germany230135N/A184-7.2%
Israel36.443.4N/A10241.0%
United States63.675.5N/A66.01.2%
Czech Republic13.412.4N/A50.855.9%
ChinaN/A1.2N/A17.6283.0%
Russia10.3N/AN/A11.84.6%
Austria19.425.4N/A7.0-28.8%
Others41.818.4N/A27.2-13.3%
Total447369N/A69816.0%

Top Export Markets for Electric Motors; AC Motors, Single-Phase from Ireland in 2022:

  1. Germany (1835.0 units)
  2. Israel (1819.0 units)
  3. United Kingdom (1017.0 units)
  4. Czech Republic (551.0 units)
  5. China (372.0 units)
  6. United States (360.0 units)
  7. Russia (113.0 units)
  8. Austria (95.0 units)

Source: IndexBox Market Intelligence Platform

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