Price for Electric Motors; AC Motors, Single-Phase in Sri Lanka - 2021
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Sri Lanka (CIF) - 2022
- Price for Electric Motors; AC Motors, Single-Phase in Sri Lanka (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Sri Lanka
- Exports of Electric Motors; AC Motors, Single-Phase in Sri Lanka
Price for Electric Motors; AC Motors, Single-Phase in Sri Lanka (CIF) - 2022
The average import price for electric motors; AC motors, single-phases stood at $8.1 per unit in 2022, dropping by -32.4% against the previous year. Overall, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2013 when the average import price increased by 23%. As a result, import price reached the peak level of $22 per unit. From 2014 to 2022, the average import prices remained at a lower figure.
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 India ($17 per unit), while the price for China stood at $6.4 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-7.1%).
Price for Electric Motors; AC Motors, Single-Phase in Sri Lanka (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $37 per unit, growing by 50% against the previous year. In general, the export price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 92% against the previous year. The export price peaked at $90 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($107 per unit), while the average price for exports to the Netherlands ($7.5 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 Hong Kong SAR (+43.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Single-Phase in Sri Lanka
In 2022, approx. 436K units of electric motors; AC motors, single-phases were imported into Sri Lanka; reducing by -24.7% compared with the year before. In general, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +2.7% 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 +32.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 76% against the previous year. As a result, imports attained the peak of 580K units, and then declined notably in the following year.
In value terms, electric motors; AC motors, single-phase imports contracted remarkably to $3.5M in 2022. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of $7M, and then declined sharply in the following year.
| Import of Electric Motors; AC Motors, Single-Phase in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.9 | 3.4 | 6.0 | 2.7 | -11.5% |
| India | 0.5 | 0.1 | 0.2 | 0.2 | -26.3% |
| Others | 1.1 | 0.9 | 0.8 | 0.7 | -14.0% |
| Total | 5.5 | 4.3 | 7.0 | 3.5 | -14.0% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Sri Lanka in 2022:
- China (418.0K units)
- India (8.8K units)
Exports of Electric Motors; AC Motors, Single-Phase in Sri Lanka
In 2022, exports of electric motors; AC motors, single-phases from Sri Lanka soared to 1.9K units, with an increase of 60% on the previous year. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 393%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, electric motors; AC motors, single-phase exports surged to $71K in 2022. In general, exports posted tangible 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 Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 5.9 | 1.9 | 4.9 | 20.9 | 52.4% |
| Singapore | 15.5 | 2.4 | 7.8 | 14.2 | -2.9% |
| Hong Kong SAR | 3.2 | 0.7 | 3.8 | 10.1 | 46.7% |
| Netherlands | N/A | N/A | 4.9 | 7.0 | 42.9% |
| Seychelles | 1.0 | 0.4 | 0.9 | 4.6 | 66.3% |
| Maldives | 4.3 | 2.2 | 0.8 | 3.1 | -10.3% |
| Italy | 3.8 | 2.0 | 1.1 | 0.1 | -70.3% |
| China | 13.7 | 2.4 | 2.1 | N/A | -60.8% |
| Ethiopia | N/A | N/A | 0.4 | N/A | 0% |
| Others | 19.4 | 6.7 | 2.9 | 11.1 | -17.0% |
| Total | 66.9 | 18.6 | 29.5 | 71.0 | 2.0% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Sri Lanka in 2022:
- Netherlands (934.0 units)
- Denmark (406.0 units)
- Seychelles (202.0 units)
- Singapore (179.0 units)
- Maldives (95.0 units)
- Hong Kong SAR (94.0 units)
- Italy (1.0 units)
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This report provides an in-depth analysis of the ac/dc motor market in Sri Lanka.
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This report provides an in-depth analysis of the global ac/dc motor market.
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
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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...
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
