Price for Electric Motors; AC Motors, Single-Phase in Saudi Arabia - 2021
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Saudi Arabia (FOB) - 2022
- Exports of Electric Motors; AC Motors, Single-Phase in Saudi Arabia
Price for Electric Motors; AC Motors, Single-Phase in Saudi Arabia (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $257 per unit, growing by 31% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric motors; AC motors, single-phase export price increased by +53.5% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($1,439 per unit), while the average price for exports to South Korea ($25 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 Bahrain (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Electric Motors; AC Motors, Single-Phase in Saudi Arabia
Electric motors; AC motors, single-phase exports from Saudi Arabia dropped dramatically to 1K units in 2022, declining by -61.1% against 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 3,075%. As a result, the exports reached the peak of 2.6K units, and then declined significantly in the following year.
In value terms, electric motors; AC motors, single-phase exports dropped sharply to $257K in 2022. Overall, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 3,638% against the previous year. As a result, the exports reached the peak of $505K, and then fell sharply in the following year.
| Export of Electric Motors; AC Motors, Single-Phase in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 0.3 | 0.1 | 66.0 | 31.0 | 369.3% |
| United States | 22.7 | 1.7 | 56.9 | 26.8 | 5.7% |
| China | 16.4 | 1.3 | 43.5 | 20.4 | 7.5% |
| United Arab Emirates | 19.9 | 1.3 | 29.6 | 16.2 | -6.6% |
| France | 22.1 | 1.4 | 35.0 | 14.8 | -12.5% |
| Turkey | 2.3 | 0.4 | 20.1 | 9.5 | 60.4% |
| India | 0.3 | 0.3 | 17.6 | 8.3 | 202.4% |
| Others | 132 | 7.0 | 236 | 130 | -0.5% |
| Total | 216 | 13.5 | 505 | 257 | 6.0% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Saudi Arabia in 2022:
- France (384.0 units)
- China (198.0 units)
- United Arab Emirates (106.0 units)
- Sudan (92.0 units)
- United States (79.0 units)
- India (48.0 units)
- Turkey (28.0 units)
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
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