Price for Electric Motors; AC Motors, Single-Phase in South Africa - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in South Africa (CIF) - 2023
- Price for Electric Motors; AC Motors, Single-Phase in South Africa (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in South Africa
- Exports of Electric Motors; AC Motors, Single-Phase in South Africa
Price for Electric Motors; AC Motors, Single-Phase in South Africa (CIF) - 2023
In July 2023, the average import price for electric motors; AC motors, single-phases amounted to $20.8 per unit, waning by -15.9% against the previous month. Over the period under review, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in October 2022 an increase of 107% m-o-m. Over the period under review, average import prices reached the peak figure at $53.4 per unit in November 2022; however, from December 2022 to July 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to -4.5% per month.
Price for Electric Motors; AC Motors, Single-Phase in South Africa (FOB) - 2022
The average export price for electric motors; AC motors, single-phases stood at $158 per unit in 2022, remaining constant against the previous year. Over the period under review, the export price showed a prominent expansion. The growth pace was the most rapid in 2020 when the average export price increased by 88%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($300 per unit), while the average price for exports to Ghana ($23 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 Botswana (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Single-Phase in South Africa
Electric motors; AC motors, single-phase imports into South Africa reduced to 1.2M units in 2022, waning by -1.8% on the previous year. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of 1.3M units, and then dropped slightly in the following year.
In value terms, electric motors; AC motors, single-phase imports rose markedly to $26M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Electric Motors; AC Motors, Single-Phase in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.1 | 13.2 | 18.4 | 18.4 | 6.8% |
| Thailand | 1.4 | 1.0 | 1.3 | 1.2 | -5.0% |
| Italy | 1.0 | 0.8 | 1.1 | 1.1 | 3.2% |
| Others | 5.9 | 4.0 | 4.1 | 5.4 | -2.9% |
| Total | 23.4 | 19.0 | 24.8 | 26.1 | 3.7% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to South Africa in 2022:
- China (1152.8K units)
- Thailand (19.8K units)
- Italy (13.0K units)
Exports of Electric Motors; AC Motors, Single-Phase in South Africa
Electric motors; AC motors, single-phase exports from South Africa declined sharply to 14K units in 2022, which is down by -26.2% compared with the year before. Over the period under review, exports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2021 when exports increased by 22%. Over the period under review, the exports hit record highs at 34K 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 contracted sharply to $2.2M in 2022. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 34%. As a result, the exports reached the peak of $3M, and then contracted dramatically in the following year.
| Export of Electric Motors; AC Motors, Single-Phase in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 393 | 164 | 913 | 402 | 0.8% |
| Zimbabwe | 529 | 452 | 292 | 378 | -10.6% |
| Swaziland | 164 | 88.5 | 187 | 228 | 11.6% |
| Botswana | 442 | 197 | 196 | 147 | -30.7% |
| Angola | 14.4 | 36.6 | 28.8 | 77.2 | 75.0% |
| Democratic Republic of the Congo | 82.1 | 126 | 170 | 66.3 | -6.9% |
| Italy | 1.6 | N/A | N/A | 64.9 | 243.6% |
| Lesotho | 122 | 30.0 | 75.0 | 34.5 | -34.4% |
| Seychelles | 52.2 | 27.1 | 20.5 | 28.1 | -18.7% |
| Ghana | 42.6 | 12.8 | 5.3 | 25.9 | -15.3% |
| Madagascar | 1.2 | 3.6 | 0.1 | 22.4 | 165.3% |
| Mali | 20.3 | N/A | N/A | 18.7 | -2.7% |
| Nigeria | 108 | 14.4 | 10.0 | 15.9 | -47.2% |
| Others | 615 | 1,074 | 1,075 | 706 | 4.7% |
| Total | 2,587 | 2,226 | 2,972 | 2,214 | -5.1% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from South Africa in 2022:
- Zimbabwe (1672.0 units)
- Swaziland (1614.0 units)
- Namibia (1564.0 units)
- Ghana (1152.0 units)
- Angola (910.0 units)
- Lesotho (789.0 units)
- Seychelles (667.0 units)
- Nigeria (607.0 units)
- Italy (491.0 units)
- Botswana (489.0 units)
- Mali (466.0 units)
- Madagascar (445.0 units)
- Democratic Republic of the Congo (435.0 units)
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From 2022 to 2023, the import growth of DC Motor remained modest, with imports totaling $82M in 2023 in value terms.
1272
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
81
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
808
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...
1201
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
