Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Thailand - 2024

Contents:

1. Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Thailand (CIF) - 2022
2. Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Thailand (FOB) - 2022
3. Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Thailand
4. Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Thailand

Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Thailand (CIF) - 2022

In 2022, the average import price for electric motors and generators amounted to $17,307 per unit, standing approx. at the previous year. In general, the import price, however, recorded a noticeable expansion. The growth pace was the most rapid in 2017 an increase of 726%. As a result, import price reached the peak level of $29,675 per unit. From 2018 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 Germany ($98,920 per unit), while the price for Malaysia ($34 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Thailand (FOB) - 2022

The average export price for electric motors and generators stood at $72 per unit in 2022, increasing by 5.2% against the previous year. Overall, the export price continues to indicate strong growth. The growth pace was the most rapid in 2017 when the average export price increased by 221% against the previous year. The export price peaked at $129 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 ($964 per unit), while the average price for exports to Japan ($16 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 (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Thailand

In 2022, supplies from abroad of electric motors and generators decreased by -47.9% to 25 units, falling for the second consecutive year after two years of growth. Overall, imports faced a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of 24%. As a result, imports attained the peak of 115 units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electric motors and generators reduced dramatically to $433K in 2022. Over the period under review, imports continue to indicate a significant contraction. The smallest decline of -0.8% was in 2020. Over the period under review, imports of hit record highs at $2.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Thailand in 2022:

1. China (14.0 units)
2. Japan (2.0 units)
3. Italy (1.0 units)
4. India (1.0 units)
5. Serbia (1.0 units)
6. United States (1.0 units)
7. Malaysia (1.0 units)
8. Germany (1.0 units)
9. South Korea (1.0 units)
10. Hong Kong SAR (1.0 units)

Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Thailand

In 2022, the amount of electric motors and generators exported from Thailand contracted dramatically to 1.5K units, dropping by -76.3% on 2021. In general, exports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 162%. As a result, the exports reached the peak of 6.5K units, and then shrank notably in the following year.

In value terms, exports of electric motors and generators shrank markedly to $111K in 2022. Over the period under review, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2021 when exports increased by 73%. Over the period under review, the exports of reached the maximum at $624K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Thailand in 2022:

1. Myanmar (1476.0 units)
2. Lao People's Democratic Republic (19.0 units)
3. South Korea (1.0 units)
4. Vietnam (1.0 units)

Source: IndexBox Market Intelligence Platform