Price for Electric Motors; AC Motors, Single-Phase in Singapore - 2022
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Singapore (CIF) - 2022
- Price for Electric Motors; AC Motors, Single-Phase in Singapore (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Singapore
- Exports of Electric Motors; AC Motors, Single-Phase in Singapore
Price for Electric Motors; AC Motors, Single-Phase in Singapore (CIF) - 2022
The average import price for electric motors; AC motors, single-phases stood at $47 per unit in 2022, increasing by 27% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 67% against the previous year. The import price peaked at $61 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
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 Japan ($482 per unit), while the price for China ($6.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Single-Phase in Singapore (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $18 per unit, picking up by 8.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 51%. The export price peaked at $25 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($50 per unit), while the average price for exports to Vietnam ($9.1 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 Indonesia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Single-Phase in Singapore
After three years of growth, supplies from abroad of electric motors; AC motors, single-phases decreased by -1.8% to 803K units in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, imports reached the peak of 818K units, and then contracted slightly in the following year.
In value terms, electric motors; AC motors, single-phase imports skyrocketed to $38M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Electric Motors; AC Motors, Single-Phase in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 6.4 | 10.9 | 14.6 | 19.2 | 44.2% |
| China | 3.7 | 3.1 | 3.6 | 3.2 | -4.7% |
| Taiwan (Chinese) | 2.5 | 1.5 | 3.2 | 2.9 | 5.1% |
| United States | 2.3 | 1.9 | 1.4 | 2.7 | 5.5% |
| Vietnam | 0.1 | 0.2 | 2.3 | 2.1 | 175.9% |
| France | 0.4 | 0.8 | 1.8 | 1.2 | 44.2% |
| Mexico | 0.8 | 0.9 | 0.6 | 1.1 | 11.2% |
| Tunisia | 0.6 | 0.1 | 0.1 | 1.0 | 18.6% |
| Germany | 1.7 | 1.2 | 0.4 | 0.5 | -33.5% |
| Others | 2.5 | 2.2 | 2.0 | 3.9 | 16.0% |
| Total | 21.2 | 22.7 | 30.1 | 37.7 | 21.2% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Singapore in 2022:
- China (515.5K units)
- Taiwan (Chinese) (71.1K units)
- Japan (39.9K units)
- Tunisia (35.9K units)
- France (27.1K units)
- United States (25.1K units)
- Mexico (15.1K units)
- Vietnam (14.8K units)
- Germany (6.4K units)
Exports of Electric Motors; AC Motors, Single-Phase in Singapore
In 2022, the amount of electric motors; AC motors, single-phases exported from Singapore soared to 1.3M units, rising by 72% compared with 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, electric motors; AC motors, single-phase exports surged to $23M in 2022. In general, exports continue to indicate significant growth. 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.9 | 3.2 | 6.9 | 15.3 | 57.7% |
| Indonesia | 0.7 | 0.9 | 1.4 | 1.5 | 28.9% |
| China | 0.3 | 0.1 | 0.1 | 1.2 | 58.7% |
| Thailand | 0.5 | 0.2 | 0.5 | 0.5 | 0.0% |
| India | 0.3 | 0.4 | 0.5 | 0.3 | 0.0% |
| Vietnam | 0.2 | 0.5 | 0.2 | 0.2 | 0.0% |
| Bangladesh | 0.2 | N/A | 0.1 | 0.1 | -20.6% |
| Others | 4.2 | 5.6 | 2.7 | 3.8 | -3.3% |
| Total | 10.2 | 11.0 | 12.3 | 22.9 | 30.9% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Singapore in 2022:
- Malaysia (1023.4K units)
- Indonesia (71.8K units)
- India (29.2K units)
- China (23.4K units)
- Vietnam (19.5K units)
- Thailand (17.6K units)
- Bangladesh (11.4K units)
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This report provides an in-depth analysis of the ac/dc motor market in Singapore.
469
This report provides an in-depth analysis of the dc motor market in Singapore.
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This report provides an in-depth analysis of the global ac/dc motor market.
1062
This report provides an in-depth analysis of the global dc motor market.
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China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
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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...
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China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
1288
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
110
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
822
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...
1208
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
