Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in the United States - 2024
Contents:
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in the United States (FOB) - 2022
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in the United States (CIF) - 2022
- Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in the United States
- Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in the United States
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in the United States (FOB) - 2022
In 2022, the average export price for electric motors and generators amounted to $10,477 per unit, shrinking by -40% against the previous year. Overall, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices reached the peak figure at $29,474 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($52,005 per unit), while the average price for exports to Singapore ($1,491 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 Trinidad and Tobago (+6.1%), while the prices for the other major destinations experienced a decline.
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in the United States (CIF) - 2022
The average import price for electric motors and generators stood at $2,530 per unit in 2022, declining by -58.1% against the previous year. Overall, the import price faced a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of 135%. The import price peaked at $11,695 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Spain ($10,833 per unit), while the price for China ($293 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in the United States
In 2022, the amount of electric motors and generators exported from the United States skyrocketed to 6.4K units, picking up by 59% compared with the year before. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors and generators declined modestly to $67M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 78% against the previous year. As a result, the exports attained the peak of $70M, and then contracted modestly in the following year.
| Export of Electric Motors and Generators; DC, of an Output Exceeding 375kW in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 22.7 | 19.9 | 23.4 | 25.5 | 4.0% |
| South Korea | 3.8 | N/A | 4.9 | 15.6 | 60.1% |
| Trinidad and Tobago | N/A | N/A | N/A | 4.7 | 0% |
| Mexico | 8.8 | 1.5 | 23.1 | 4.4 | -20.6% |
| Singapore | 1.4 | 3.2 | 0.2 | 0.1 | -58.5% |
| Others | 17.9 | 14.8 | 18.7 | 16.7 | -2.3% |
| Total | 54.6 | 39.4 | 70.3 | 67.0 | 7.1% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from the United States in 2022:
- Canada (5.1K units)
- Mexico (0.3K units)
- South Korea (0.3K units)
- Trinidad and Tobago (0.2K units)
- Singapore (0.1K units)
Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in the United States
In 2022, approx. 5.3K units of electric motors and generators were imported into the United States; jumping by 148% on 2021 figures. Over the period under review, imports showed significant growth. 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 totaled $13M in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Imports peaked 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 6.1 | 5.3 | 6.1 | 4.4 | -10.3% |
| Germany | 1.2 | 0.6 | 2.1 | 2.4 | 26.0% |
| France | 0.3 | 0.5 | 0.3 | 1.7 | 78.3% |
| Canada | 0.6 | 1.7 | 3.3 | 1.4 | 32.6% |
| China | 1.2 | 0.3 | 0.2 | 0.7 | -16.4% |
| Italy | 1.0 | 0.8 | 0.2 | 0.5 | -20.6% |
| United Kingdom | 0.1 | N/A | 0.1 | 0.5 | 71.0% |
| Netherlands | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Others | 2.8 | 0.8 | 0.8 | 1.8 | -13.7% |
| Total | 13.2 | 10.2 | 13.0 | 13.5 | 0.8% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to the United States in 2022:
- China (2272.0 units)
- Italy (743.0 units)
- Mexico (575.0 units)
- France (428.0 units)
- Germany (296.0 units)
- Netherlands (202.0 units)
- Canada (186.0 units)
- United Kingdom (121.0 units)
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