Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in South Korea - 2022
Contents:
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in South Korea (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in South Korea (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in South Korea
- Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in South Korea
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in South Korea (CIF) - 2022
The average import price for electric motors and generators stood at $36,736 per unit in 2022, waning by -4.6% against the previous year. In general, the import price continues to indicate a slight descent. The pace of growth was the most pronounced in 2020 an increase of 68% against the previous year. The import price peaked at $75,912 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($37,808 per unit) and the United States ($36,522 per unit), while the price for Germany ($35,700 per unit) and Mexico ($36,321 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.0%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in South Korea (FOB) - 2022
In 2022, the average export price for electric motors and generators amounted to $35,154 per unit, waning by -8.6% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 158%. Over the period under review, the average export prices hit record highs at $38,471 per unit in 2021, and then declined in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($51,829 per unit), while the average price for exports to Thailand ($1,263 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 Sri Lanka (+132.5%), 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 South Korea
Imports of electric motors and generators into South Korea soared to 1.7K units in 2022, growing by 290% on 2021 figures. Overall, imports posted a significant expansion. 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 soared to $62M in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors and Generators; DC, of an Output Exceeding 375kW in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.9 | 0.8 | 4.6 | 42.1 | 48.3% |
| United Kingdom | 2.4 | 2.3 | 6.9 | 15.2 | 85.0% |
| Mexico | N/A | 5.3 | 2.5 | 3.9 | -14.2% |
| Germany | 0.1 | 0.2 | 2.3 | 0.4 | 58.7% |
| Brazil | N/A | 2.6 | N/A | N/A | 0% |
| Others | 1.2 | 0.3 | 0.4 | 0.8 | -12.6% |
| Total | 16.5 | 11.4 | 16.7 | 62.3 | 55.7% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to South Korea in 2022:
- United States (1153.0 units)
- United Kingdom (403.0 units)
- Mexico (107.0 units)
- Germany (10.0 units)
Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in South Korea
For the third year in a row, South Korea recorded decline in overseas shipments of electric motors and generators, which decreased by -19.5% to 33 units in 2022. Overall, exports faced a significant curtailment. The exports peaked at 536 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electric motors and generators fell dramatically to $1.2M in 2022. In general, exports faced a precipitous decline. The pace of growth was the most pronounced in 2020 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $12M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Electric Motors and Generators; DC, of an Output Exceeding 375kW in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 436 | 0% |
| Philippines | 212 | 1,649 | 229 | 251 | 5.8% |
| Mozambique | N/A | N/A | N/A | 159 | 0% |
| Japan | 406 | 473 | 41.9 | 104 | -36.5% |
| Mexico | 63.1 | N/A | N/A | 68.7 | 2.9% |
| United States | 638 | 4,026 | 1,139 | 46.1 | -58.3% |
| Singapore | 13.5 | 135 | 35.8 | 32.1 | 33.5% |
| India | 1.2 | N/A | 14.2 | 31.2 | 196.2% |
| Sri Lanka | N/A | N/A | N/A | 23.0 | 0% |
| Saudi Arabia | N/A | N/A | N/A | 3.5 | 0% |
| Australia | N/A | N/A | 2.9 | 3.1 | 6.9% |
| China | 5.7 | N/A | 4.0 | 1.5 | -35.9% |
| Thailand | 12.5 | 682 | 40.8 | 1.3 | -53.0% |
| Others | 7,948 | 5,124 | 69.6 | N/A | -90.6% |
| Total | 9,300 | 12,089 | 1,577 | 1,160 | -50.0% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from South Korea in 2022:
- Belgium (11.0 units)
- Philippines (6.0 units)
- Mozambique (4.0 units)
- Mexico (2.0 units)
- Japan (2.0 units)
- Saudi Arabia (1.0 units)
- Australia (1.0 units)
- Singapore (1.0 units)
- India (1.0 units)
- United States (1.0 units)
- Sri Lanka (1.0 units)
- China (1.0 units)
- Thailand (1.0 units)
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