Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Canada - 2024
Contents:
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Canada (CIF) - 2024
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Canada (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Canada
- Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Canada
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Canada (CIF) - 2024
In January 2024, the average import price for electric motors and generators amounted to $427 per unit, reducing by -62.5% against the previous month. Overall, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 414% m-o-m. As a result, import price reached the peak level of $3,070 per unit. From November 2023 to January 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($2,018 per unit), while the price for China amounted to $82.2 per unit.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (-2.0%).
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Canada (FOB) - 2022
The average export price for electric motors and generators stood at $12,530 per unit in 2022, picking up by 24% against the previous year. Overall, the export price continues to indicate tangible growth. The most prominent rate of growth was recorded in 2015 an increase of 84% against the previous year. Over the period under review, the average export prices hit record highs at $20,151 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
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 Mexico ($100,003 per unit), while the average price for exports to the United States ($10,306 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 (+90.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Canada
In 2022, supplies from abroad of electric motors and generators was finally on the rise to reach 18K units for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric motors and generators skyrocketed to $27M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.2 | 18.4 | 21.5 | 22.5 | 2.0% |
| China | 0.8 | 0.2 | 0.1 | 1.6 | 26.0% |
| India | N/A | N/A | N/A | 0.8 | 0% |
| Germany | N/A | 0.1 | 0.1 | 0.6 | 144.9% |
| Taiwan (Chinese) | 0.1 | N/A | N/A | 0.2 | 26.0% |
| United Kingdom | N/A | N/A | 0.6 | N/A | 0% |
| Mexico | 0.5 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 1.0 | 0.8 | 1.2 | 2.9% |
| Total | 23.9 | 19.7 | 23.1 | 27.0 | 4.1% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Canada in 2022:
- China (7.6K units)
- United States (7.5K units)
- India (0.6K units)
- Germany (0.6K units)
- Taiwan (Chinese) (0.5K units)
- Mexico (0.2K units)
- United Kingdom (0.1K units)
Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Canada
In 2022, shipments abroad of electric motors and generators decreased by -51.6% to 176 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. As a result, the exports reached the peak of 364 units, and then fell markedly in the following year.
In value terms, exports of electric motors and generators fell rapidly to $2.2M in 2022. Overall, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, the exports of attained the peak figure at $4.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 733 | 1,940 | 3,274 | 1,700 | 32.4% |
| Mexico | 1,771 | 1,106 | 8.5 | 300 | -44.7% |
| Saudi Arabia | 309 | 1.4 | 78.0 | 41.9 | -48.6% |
| Vietnam | 236 | N/A | N/A | N/A | 0% |
| Others | 1,264 | 176 | 328 | 163 | -49.5% |
| Total | 4,312 | 3,225 | 3,688 | 2,205 | -20.0% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Canada in 2022:
- United States (165.0 units)
- Saudi Arabia (4.0 units)
- Mexico (3.0 units)
418
This report provides an in-depth analysis of the dc motor market in Canada.
358
This report provides an in-depth analysis of the ac/dc motor market in Canada.
1049
This report provides an in-depth analysis of the global dc motor market.
1370
This report provides an in-depth analysis of the global ac/dc motor market.
418
This report provides an in-depth analysis of the dc motor market in Canada.
358
This report provides an in-depth analysis of the ac/dc motor market in Canada.
1049
This report provides an in-depth analysis of the global dc motor market.
1370
This report provides an in-depth analysis of the global ac/dc motor market.
79
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
1271
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
79
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
1271
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
