Price for Electric Motors; AC Motors, Single-Phase in Romania - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Romania (CIF) - 2022
- Price for Electric Motors; AC Motors, Single-Phase in Romania (FOB) - 2023
- Imports of Electric Motors; AC Motors, Single-Phase in Romania
- Exports of Electric Motors; AC Motors, Single-Phase in Romania
Price for Electric Motors; AC Motors, Single-Phase in Romania (CIF) - 2022
In 2022, the average import price for electric motors; AC motors, single-phases amounted to $11 per unit, picking up by 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($55 per unit), while the price for China ($9.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Single-Phase in Romania (FOB) - 2023
In June 2023, the average export price for electric motors; AC motors, single-phases amounted to $20.6 per unit, reducing by -9.7% against the previous month. In general, export price indicated a modest expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.5% 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 export price decreased by -19.6% against April 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 43% m-o-m. As a result, the export price reached the peak level of $25.6 per unit. From May 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the UK ($33.4 per unit), while the average price for exports to Turkey ($6.6 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 France (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Single-Phase in Romania
After three years of growth, supplies from abroad of electric motors; AC motors, single-phases decreased by -17.2% to 4.3M units in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 64%. As a result, imports reached the peak of 5.2M units, and then dropped notably in the following year.
In value terms, electric motors; AC motors, single-phase imports contracted significantly to $48M in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 74%. As a result, imports attained the peak of $57M, and then fell dramatically in the following year.
| Import of Electric Motors; AC Motors, Single-Phase in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.9 | 17.4 | 34.5 | 25.9 | 20.2% |
| Turkey | 0.4 | 2.7 | 5.6 | 7.9 | 170.3% |
| Slovenia | 2.1 | 3.5 | 4.8 | 3.6 | 19.7% |
| Italy | 1.5 | 2.2 | 4.1 | 3.4 | 31.4% |
| Poland | 1.4 | 2.0 | 3.0 | 2.6 | 22.9% |
| Germany | 3.6 | 3.4 | 2.3 | 2.3 | -13.9% |
| Others | 1.5 | 1.5 | 2.6 | 2.7 | 21.6% |
| Total | 25.3 | 32.7 | 56.9 | 48.4 | 24.1% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Romania in 2022:
- China (2838.6K units)
- Turkey (716.9K units)
- Slovenia (349.7K units)
- Italy (156.7K units)
- Poland (85.0K units)
- Germany (42.1K units)
Exports of Electric Motors; AC Motors, Single-Phase in Romania
In 2022, exports of electric motors; AC motors, single-phases from Romania reduced dramatically to 786K units, declining by -33.5% against the previous year's figure. Overall, exports recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. The exports peaked at 1.3M 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 fell remarkably to $23M in 2022. Over the period under review, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $30M, and then contracted notably in the following year.
| Export of Electric Motors; AC Motors, Single-Phase in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 11.6 | 12.0 | 19.1 | 13.7 | 5.7% |
| Turkey | 3.8 | 3.2 | 2.6 | 2.0 | -19.3% |
| Germany | 0.7 | 1.2 | 1.0 | 1.7 | 34.4% |
| Slovenia | 1.0 | 1.5 | 1.7 | 1.4 | 11.9% |
| United Kingdom | 5.8 | 3.4 | 2.7 | 1.2 | -40.9% |
| Czech Republic | N/A | N/A | 0.3 | 1.1 | 266.7% |
| France | 0.1 | 0.3 | 0.5 | 0.5 | 71.0% |
| Italy | 0.5 | 0.2 | 0.4 | 0.2 | -26.3% |
| Others | 0.9 | 1.0 | 1.8 | 0.8 | -3.9% |
| Total | 24.3 | 22.8 | 30.0 | 22.7 | -2.2% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Romania in 2022:
- Poland (499.7K units)
- Turkey (92.9K units)
- United Kingdom (43.1K units)
- Slovenia (42.4K units)
- Germany (41.2K units)
- France (26.5K units)
- Czech Republic (11.9K units)
- Italy (9.8K units)
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